OIL

10,863 articles

Riyadh works to allay India's concerns about oil prices
May 18, 2018 (UPI)
Saudi Energy Minister Khalid al-Falih said he made a telephone call to his Indian counterpart, Dharmendra Pradhan, to discuss the situation in the global oil ma...
API: Economics, not necessarily risk, are driving oil prices
May 18, 2018 (UPI)
The price for Brent crude oil, the global benchmark, is up 4.5 percent, or $4.75 per barrel, since U.S. President Donald Trump left an Iranian nuclear deal with...
Egyptian gas performing better than expected
May 18, 2018 (UPI)
SDX Energy said the flow of natural gas from its South Disouq discovery in Egypt exceeded its expectations. Flow was limited the infrastructure put in place dur...
Iran says China group ready to replace Total on gas deal
May 17, 2018 (AFP)
"Total has said that if it doesn't get an exemption from the United States to continue its work, it will begin to pull out of the deal," Bijan Namdar Zanganeh w...
Tapping shale gas is in the national interest, British government says
May 17, 2018 (UPI)
"Shale gas development is of national importance," Greg Clark, the British secretary of state for business, energy and industrial strategy, said in a note to Pa...
Russia moves on counter-sanctions on the United States
May 17, 2018 (SPX)
A bill proposed by State Duma Speaker Vyacheslav Volodin passed through its second reading on Thursday. The third, and final, reading is scheduled May 22. Volod...
North African production could double by year's end
May 17, 2018 (SPX)
SDX focuses primarily on Egypt and Morocco. It's a relatively minor producer, but an active player in emerging basins. Morocco is a standout in the region with ...
U.S. ports may be limiting export potential
May 17, 2018 (UPI)
The United States is on pace to become the largest crude oil producer in the world, passing Russia at some point in the near future. Former President Barack Oba...
British Columbia stands firm in Trans Mountain fight
May 17, 2018 (SPX)
Federal Finance Minister Bill Morneau said Wednesday the government would offset the risks from provincial opposition to expand the Trans Mountain oil pipeline ...
Split verdict on Iranian oil tanker disaster off China
May 17, 2018 (AFP)
The Panama-registered Sanchi, carrying 111,000 tonnes of light crude oil, collided with the Hong Kong-registered CF Crystal in waters off Shanghai on January 6....
U.S. LNG export reshaping global markets, government finds
May 17, 2018 (UPI)
The U.S. Commodity Futures Trading Commission released a market intelligence briefing on the U.S. liquefied natural gas market. Two years ago, the United States...
Canada says ready to compensate pipeline builder for losses
May 16, 2018 (AFP)
The announcement comes amid ongoing talks between Ottawa and pipeline builder Kinder Morgan over fierce opposition from westernmost British Columbia to its Tran...
Maintenance drags oil output lower for Norway
May 16, 2018 (UPI)
If Norway were a member of the Organization of Petroleum Exporting Countries, it would be the seventh-largest producer behind Nigeria. OPEC members are voluntar...
Venezuela, Iran weighing on oil market: IEA
May 16, 2018 (AFP)
The decision by US President Donald Trump to withdraw from the Iran deal "has switched the focus of oil market analysis from the fundamentals to geopolitics," t...
Enbridge: Michigan oil pipeline needs reinforcement
May 16, 2018 (UPI)
Canadian pipeline company Enbridge operates a broad network of pipelines that send Canadian oil through the region and Line 5 of that system runs through the na...
For oil, the next concerns are geopolitical, the IEA says
May 16, 2018 (UPI)
Brent crude oil prices are up more than 4 percent since U.S. President Donald Trump on May 8 backed out of the Joint Comprehensive Plan of Action, a U.N.-backed...
Equinor, formally Statoil, opens trading on the Oslo exchange
May 16, 2018 (UPI)
The company is trading under the ticker symbol EQNR on the Oslo exchange. Implementation of the change takes place on the New York Stock Exchange on Thursday. T...
A downturn in demand forecasts sends oil prices lower
May 16, 2018 (UPI)
The International Energy Agency in its latest monthly market report, released Wednesday, revised its global demand forecast lower by about 6.5 percent to 1.4 mi...
'Call me Equinor': Statoil changes name
May 16, 2018 (AFP)
Proposed in March and adopted on Tuesday at the shareholders' general meeting, the name change allows the company to take a step back -- at least in name -- fro...
North Sea oil field reaches peak production rate
May 16, 2018 (UPI)
Premiere said the Catcher field has been producing at more than 60,000 barrels per day over the last few days, putting its gross production rate above 90,000 bp...
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