OIL

10,863 articles

Iranian-led panel said human error led to sinking of oil tanker
May 07, 2018 (UPI)
The Iranian oil tanker Sanchi was carrying about 1 million barrels of a light form of crude oil called condensate from Iran to South Korea when it crashed into ...
Aker BP envisions zero-emission production offshore
May 07, 2018 (UPI)
Statoil and Aker BP are driving development at the so-called NOAKA project, which consists of the North of Alvheim area and the Askaja/Krafla area fields. In it...
Putin: We survived the oil price collapse
May 07, 2018 (UPI)
Russian President Vladimir Putin spoke to government employees late Sunday, saying the last six years of his tenure were punctuated by "new challenges and extra...
Oil-frontier Gambia needs support, Europe says
May 07, 2018 (UPI)
Opposition leader Adama Barrow assumed the presidency of Gambia in late 2016, ending nearly a quarter century of authoritarian rule by Yahya Jammeh. With Jammeh...
Foreign appetite for U.S. oil growing, IEA finds
May 07, 2018 (UPI)
The U.S. federal government estimated total crude oil production averaged 10.4 million barrels per day in March and most of that is coming out of inland shale b...
Canada oil sector faces 'significant challenges' to reduce emissions
May 04, 2018 (AFP)
The conclusion of the Senate report echoed others published by it and the auditor general, which have been critical of Canada's efforts to meet its Paris climat...
Oil prices move higher amid Iran deal uncertainty, low U.S. unemployment
May 04, 2018 (UPI)
Brent crude oil futures for July increased 59 cents to $74.22 per barrel at 11 a.m. U.S. West Texas Intermediate futures for June were trading up 40 cents at $6...
A potentially cheap, efficient and eco-friendly system for purifying natural gas
May 04, 2018 (SPX)
Natural gas processing typically relies on high-temperature techniques that incur high operating costs. "We propose an integrated process consisting of gas hydr...
DR Congo planning to allow oil exploration in national parks: NGO
May 04, 2018 (AFP)
The London-based NGO Global Witness said it had seen documents about a scheme to "redraw the boundaries" of the fabled Salonga and Virunga national parks, home ...
Utility inspection data leader Sharper Shape introduces new, powerful multi-sensor payload for manned helicopters
May 03, 2018 (SPX)
The Heliscope 2.0 integrates multiple sensor systems into a single, lightweight helicopter payload, capable of simultaneously collecting a range of data types r...
Oil prices drop on higher U.S. crude stockpiles, record production
May 03, 2018 (UPI)
Brent crude oil futures for July declined 55 cents to $72.82 per barrel at 10 a.m. U.S. West Texas Intermediate for June were trading down 52 cents at $67.41 pe...
Iran expects U.S. to walk away from nuclear deal
May 02, 2018 (UPI)
U.S. President Donald Trump needs to decide by May 12 whether to issue sanctions waivers to Iran. If he doesn't, it would counter the U.N.-backed nuclear agreem...
Alberta to take investment message to Asia
May 02, 2018 (UPI)
Deron Bilous, the minister for economic trade and development in Alberta, leads a delegation to the United States and Asia to drum up business for the oil-rich ...
Gloves off over EPA proposal on fuel, emissions standards
May 02, 2018 (UPI)
California and a coalition of 17 other states and the District of Columbia sued the EPA in an effort to prevent a roll-back of the federal emissions and economy...
Oil prices slip on signs of higher U.S. supplies
May 02, 2018 (UPI)
Crude oil markets lacked definitive direction early Wednesday. That trend followed a report from the American Petroleum Institute showing U.S. inventories of cr...
It may be five years before Saudi oil production returns to historic levels
May 02, 2018 (UPI)
Saudi Arabia is the largest oil producer in the Organization of Petroleum Exporting Countries and the de facto leader of an effort to drain a surplus from the f...
Anadarko Petroleum gets bounce after 2017 divestment
May 02, 2018 (UPI)
Anadarko, which has headquarters in Houston, reported first quarter sales volumes of 58 million barrels of oil equivalent. From the Denver-Julesburg basin in Co...
Crude oil prices threaten to erase the Netanyahu premium
May 01, 2018 (UPI)
The price for Brent crude, the global benchmark, started trading early Monday down about 1 percent. That reversed course later in the session after Israeli Prim...
Gas prices could be testing a psychological tipping point
May 01, 2018 (UPI)
The average retail price for regular unleaded was $2.81 per gallon on Tuesday, according to motor club AAA. That's unchanged from the previous day, but 6 percen...
Iran: If we were Russians, we'd be OK
May 01, 2018 (UPI)
Iranian Oil Minister Bijan Zangeneh said Russia has so far been able to get some concessions given it's one of the largest oil and gas exporters in the world. I...
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