OIL

10,863 articles

Repsol takes conservative approach given oil price volatility
Jun 06, 2018 (UPI)
The price for Brent crude oil, the global benchmark, has been somewhat erratic so far this year amid evolving concerns about global trade wars and geopolitical ...
NATO rejects Qatar membership ambition
Jun 06, 2018 (AFP)
It was responding to a comment by Qatar's defence minister on Tuesday that his country's long-term strategic "ambition" was to join NATO. "According to Article ...
Trade concerns, OPEC issues push oil prices lower
Jun 05, 2018 (UPI)
Benchmark indices for crude oil were mixed throughout much of the previous session after reports circulated that the United States was calling for more oil from...
OPEC-member Venezuela facing more regional pressures
Jun 05, 2018 (UPI)
Venezuelan President Nicolas Maduro faced widespread criticism for holding elections in his country early. By putting his opponents on their heels, Maduro last ...
France seeks ways to keep Iranian oil flowing
Jun 05, 2018 (UPI)
Iran and non-U.S. parties to the Joint Comprehensive Plan of Action, the 2015 nuclear agreement that gave Tehran sanctions relief in exchange for nuclear commit...
Fitch: Energy-rich Qatar goes from crisis to surplus
Jun 05, 2018 (UPI)
Qatar is the second-largest exporter of liquefied natural gas in the world, behind Australia. Last year, Moody's Investors Service said regional disputes with Q...
Irish offshore reserve estimate nearly doubles
Jun 05, 2018 (UPI)
The company, which currently holds a 100 percent stake in the FEL 3/13 prospect in the Irish waters of the Atlantic Ocean, said data show the reserve estimate a...
Namibia drawing more focus from energy companies
Jun 05, 2018 (UPI)
Atlantic-focused Chariot Oil & Gas Ltd. had little to show for 2017, but was upbeat about prospects in Brazil, Namibia and Morocco, though the latter has yet to...
U.S. gas prices ebb, but still at a painful level
Jun 05, 2018 (UPI)
Motor club AAA lists the national average price for regular unleaded gasoline at $2.94 per gallon on Tuesday, just a fraction of a percent lower than Monday and...
Russia, Austria double down on European energy image
Jun 05, 2018 (UPI)
Russian President Vladimir Putin is on an official visit to Austria this week. Ahead of the meeting, Austrian Chancellor Sebastian Kurz told Russian news agency...
Oil prices flat as the dust settles over global trade disputes
Jun 04, 2018 (UPI)
Global finance ministers offered a stern rebuke to the U.S. government at a meeting of the G7 during the weekend in Canada. While saying the global economy is s...
Repsol to crunch more refinery data with Google's help
Jun 04, 2018 (UPI)
Repsol said it established a partnership with Google to use its cloud data service and artificial intelligence to help optimize operations at its Tarragona refi...
Johan Sverdrup platform component installed
Jun 04, 2018 (UPI)
The top half of a drilling platform left a shipyard in Norway operated by Norwegian service company Aibel last week. The structure, called the topside, is part ...
OPEC ministers mindful of potential supply-side deficits
Jun 04, 2018 (UPI)
Members of a joint ministerial monitoring committee met during the weekend in Kuwait City to review market conditions ahead of the next regular meeting of membe...
Trucks fill Chinese gaps in LNG market
Jun 04, 2018 (UPI)
A report emailed from consultant group Wood Mackenzie found the Chinese market is looking at trucking to make up for the lack of pipeline coverage inland. "We e...
Qatar taps into giant Argentinean shale reserve
Jun 04, 2018 (UPI)
The state-owned petroleum company in Qatar said it reached an agreement with U.S. supermajor Exxon Mobil to take a 30 percent stake in its operations in Argenti...
Iran sees Spain interested in its petrochemicals sector
Jun 04, 2018 (UPI)
Iranian petrochemicals executives meet on the sidelines of the PLAST plastics and rubber exhibition in Milan with executives from Saipem. According to SHANA, th...
U.S. tariff response swift and critical
Jun 01, 2018 (UPI)
At midnight, the U.S. government reinstated a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports. Citing national security concerns,...
There may be credit implications with Trans Mountain
Jun 01, 2018 (UPI)
On Tuesday, the federal government announced plans to purchase Kinder Morgan's pipeline and terminal assets for $3.5 billion, two days before the company was se...
CNOOC awards contract for oil field in South China Sea
Jun 01, 2018 (UPI)
The oil and gas services company said it was awarded a contract by China National Offshore Oil Corp., the largest offshore oil and gas producer in China, for su...
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