OIL

10,863 articles

Trump slams 'captive' Germany at NATO summit
Jul 11, 2018 (AFP)
The two-day meet in Brussels was already shaping up to be the alliance's most difficult in years, with Europe and the US engaged in a bitter trade spat and Trum...
Oil prices slump on trade concerns and supply expectations
Jul 11, 2018 (UPI)
A spokesperson for the Chinese Foreign Ministry responded to a U.S. list of tariffs on another $200 billion in goods by saying U.S. President Donald Trump was a...
Saudi Arabia to offset loss of Iranian oil, U.S. says
Jul 11, 2018 (UPI)
U.S. President Donald Trump's decision to walk out of the Joint Comprehensive Plan of Action in May means some unilateral sanctions on Iran will be reinstated b...
Norwegian oil production declines on technical problems
Jul 11, 2018 (UPI)
Norway derives much of its own power from renewable resources, sending nearly all of its offshore oil and natural gas production to the European market. That ma...
Libya lifts force majeure on oil export terminals
Jul 11, 2018 (UPI)
The U.N.-backed National Oil Corp. said Wednesday it lifted force majeure at four ports shut down after disputes over control. "The facilities were handed over ...
OPEC sees few long-term pressures from trade war
Jul 11, 2018 (UPI)
Economists at the Organization of Petroleum Exporting Countries said Wednesday they expected global growth in gross domestic product for 2018 should be 3.8 perc...
Oil rigs may end their days as valuable artificial reefs
Jul 10, 2018 (SPX)
A submerged camera at an old worn out oil rig shows an extensive life of flatfish, cod and bottom fauna in all its forms. A life usually not see in these parts ...
British government opens new acreage to drillers
Jul 10, 2018 (UPI)
The British Oil & Gas Authority said it was opening up more than 140,000 square miles of offshore territory from the west of Scotland to parts of the English Ch...
Higher oil prices means higher gas prices
Jul 10, 2018 (UPI)
Motor club AAA lists a national average retail price of $2.86 for a gallon of regular unleaded gasoline on Tuesday, relatively unchanged since one week ago. Ame...
Transocean proposes $600 million private offering
Jul 10, 2018 (UPI)
The rig company said it plans to offer $600 million in secured notes due 2025, secured by a lien on the Deepwater Pontus rig and other assets related to it. "Th...
Hundreds of platform workers strike off Norway
Jul 10, 2018 (UPI)
"There is a breach of the mediation between the Norwegian Shipowners' Association and Safe," Jakob Korsgaard, the managing director of the Shipowners' Associati...
No problem for oil yet in the Strait of Hormuz
Jul 10, 2018 (UPI)
Facing a November deadline on U.S. sanctions on its oil sector, Iranian President Hassan Rouhani said last week it was unfortunate that unilateral pressures wou...
Oil and gas industry work to protect night skies
Jul 10, 2018 (SPX)
"This partnership of PBPA and TXOGA with McDonald Observatory to protect dark skies in its vicinity is vital to the research of the universe taking place at McD...
China pledges $20 billion in loans for Arab states
Jul 10, 2018 (AFP)
The money will be earmarked for "projects that will produce good employment opportunities and positive social impact in Arab States that have reconstruction nee...
Iraqi oil export value surged in the first half of the year
Jul 10, 2018 (UPI)
Iraqi Oil Minister Jabbar al-Luaibi said the country realized $40.3 billion from crude oil exports in the first half of the year, compared with $27.6 billion du...
New discovery highlights Egypt's potential as emerging oil producer
Jul 09, 2018 (UPI)
Eni said it made its second oil discovery in the B1-X exploration area in the Western Desert. It's located about 4 miles away from an earlier discovery dubbed A...
Oil prices rise Monday on supply deficit concerns
Jul 09, 2018 (UPI)
Phil Flynn, the senior market analyst for the PRICE Futures Group in Chicago, said in a daily emailed newsletter the downturn in the price of crude oil that sta...
European Parliament president arrives in Tripoli
Jul 09, 2018 (UPI)
European Parliament President Antonio Tajani met Monday in Tripoli with Libyan Prime Minister Fayez al-Saraj and President of the High Council of State Khaled a...
Mozambique ready for next LNG phase
Jul 09, 2018 (UPI)
Exxon Mobil and Italian energy company Eni lead the Rovuma liquefied natural gas joint venture in Mozambique. The partners said Monday the government now has th...
Suncor offers timeline for Syncrude restart
Jul 09, 2018 (UPI)
U.S. crude oil prices were supported last month when Suncor announced it stopped processing light, sweet crude from its Syncrude facility in Alberta after a Jun...
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