OIL

10,863 articles

SSudan rebel leader set to be reinstated as vice president
Jul 07, 2018 (AFP)
"It has been agreed that there will be four vice presidents: the current two vice presidents, plus Riek Machar (who) will assume the position of first vice pres...
World powers back Iran oil exports despite US sanctions threat
Jul 06, 2018 (AFP)
Tehran's top diplomat Mohammad Javad Zarif praised them for their "will to resist" US pressure, two months after President Donald Trump walked away from the lan...
No time to relax on the economy, Russia says
Jul 06, 2018 (UPI)
Russia is party to a committee monitoring compliance with a production agreement coordinated by the Organization of Petroleum Exporting Countries and the larges...
U.S. supply build, trade fears send oil prices lower
Jul 06, 2018 (UPI)
"It's finally here -- the trade war the Trump administration has threatened to launch against China," commentary published Friday by China's official Xinhua New...
Libyan oil boss presses for investor confidence
Jul 06, 2018 (UPI)
Mustafa Sanalla, the head of Libya's National Oil Corp., welcomed Christian Buck, the German ambassador to Libya, to his offices. Both sides relayed concerns ab...
Labor stikes planned for Total platforms in the North Sea
Jul 06, 2018 (UPI)
Labor union Unite said a series of planned labor strikes would target the Alwyn, Dunbar and Elgin platforms, operated by the French supermajor. Three full-day s...
Oil prices face inventory, spare capacity test
Jul 05, 2018 (UPI)
A survey of analysts from commodity pricing group S&P Global Platts this week revealed expectations of a 4.5 million barrel drain in U.S. crude oil inventories ...
Greenpeace activists rappel from Canadian bridge to protest oil pipeline
Jul 05, 2018 (AFP)
Officers of the Royal Canadian Mounted Police intervened on and below the Ironworkers Memorial Bridge over Vancouver bay, trying to persuade 12 Greenpeace activ...
UBS: Oil market at risk from supply shocks
Jul 05, 2018 (UPI)
Members of the Organization of Petroleum Exporting Countries in June agreed to relax compliance with a multilateral production deal to address supply concerns f...
Maduro warns Venezuela army over Trump 'invasion' plans
Jul 05, 2018 (AFP)
"You cannot lower you guard for even a second, because we will defend the greatest right our homeland has had in all of its history," Maduro said at a military ...
Gas production a vote of confidence for Libya
Jul 05, 2018 (UPI)
A joint venture between Libya's National Oil Corp. and Italian energy company Eni said Thursday that natural gas production started at the second phase of the B...
New oil found in wildcat well in Norwegian waters
Jul 05, 2018 (UPI)
The Norwegian Petroleum Directorate published data from a well drilled by Wellesley Petroleum in the Norwegian waters of the North Sea. The well was drilled abo...
Taiwan businessman indicted over North Korea oil sales
Jul 05, 2018 (AFP)
Taiwanese authorities launched a probe into Chen Shih-hsien in January after Seoul said it had detained a Hong Kong-registered ship suspected of transferring oi...
Debate stirs over authority over British shale
Jul 05, 2018 (UPI)
A select committee in the British Parliament published a sweeping guidance report on hydraulic fracturing in the country. The British government estimates shale...
Iran blames Trump for the spike in oil prices
Jul 05, 2018 (UPI)
U.S. President Donald Trump continues to put pressure on U.S. allies in the Organization of Petroleum Exporting Countries. Weekend discussions with Saudi Arabia...
When oil and water mix
Jul 04, 2018 (SPX)
The geoscience community lies at ground zero for discussions of fracking. This broad and diverse group of people on the one hand understands commonalities in ba...
Oil prices chart new territory on supply-side concerns
Jul 03, 2018 (UPI)
Crude oil prices fell on Monday after Saudi Arabia said it could tap into its 2 million barrels per day in spare capacity to help address a pending market defic...
New results of Deepwater Horizon research to protect marine life against future oil spills
Jul 03, 2018 (SPX)
This is significant, as lack of baseline data has limited researchers' abilities to fully understand the oil spill's impact. The new data will serve as a tremen...
U.A.E. joins OPEC members with commitment to more oil output
Jul 03, 2018 (UPI)
Members of the Organization of Petroleum Exporting Countries and non-member supporters like Russia agreed in June to add more oil to the market in the second ha...
Shares in Norwegian driller Seadrill trading again
Jul 03, 2018 (UPI)
Seadrill Ltd., based in Norway, started looking at restructuring options in early 2017 after noting it didn't expect improvements in lease rates for the year. L...
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