OIL

10,863 articles

Sunlight works against oil clean-up efforts
Apr 26, 2018 (SPX)
According to the U.S. Environmental Protection Agency, 10-25 million gallons of oil spill each year in the U.S. In large marine oil spills, chemical dispersants...
Feinstein: Higher fuel economy standards are a good thing
Apr 26, 2018 (UPI)
U.S. Environmental Protection Agency Administrator Scott Pruitt said former President Barack Obama got it wrong when he called for an increase in fuel economy f...
Momentum working in DNO's favor in Kurdish Iraq
Apr 26, 2018 (UPI)
"We have the wind on our back, with higher oil prices, timely export payments in Kurdistan, a growing portfolio of quality assets, efficient drilling and bold s...
Iran risk sends oil prices higher
Apr 26, 2018 (UPI)
The price of oil moved lower after U.S. President Donald Trump seemed to suggest earlier this week there may be some leeway on the U.N.-backed nuclear agreement...
Progress noted for BP's Mad Dog oil giant offshore U.S.
Apr 26, 2018 (UPI)
"We are committed to developing long-lasting solutions in a strongly competitive environment and over the years we have delivered many projects together with BP...
The market future is uncertain, Total says
Apr 26, 2018 (UPI)
The price for Brent crude oil was marching toward $75 per barrel early Thursday. With U.S. President Donald Trump expected to renege on the Iranian nuclear deal...
Libyan oil production moves higher for Hess Corp
Apr 25, 2018 (UPI)
Hess reported net production from its assets outside Libya was around 233,000 barrels of oil equivalent per day, down from the 307,000 barrels of oil equivalent...
Trade talks continue between oil-rich Iran and Russia
Apr 25, 2018 (UPI)
Russian Prime Minister Dmitry Medvedev signed an interim agreement this week to set up a free trade agreement between Iran and members of the Eurasian Economic ...
Norway's Statoil attributes production gains to the United States
Apr 25, 2018 (UPI)
The company, co-owned by the government, reported net operating income of $5 billion, up from the $4.3 billion during the first quarter of 2017, but below analy...
Tullow Oil keeps offshore Africa expectations static
Apr 25, 2018 (UPI)
African-focused Tullow reported its interest in oil production during the first quarter averaged 87,700 barrels of oil per day, led by gains from its Tweneboa, ...
Energy markets mixed on higher U.S. crude oil inventories
Apr 25, 2018 (UPI)
Brent oil futures were down 25 cents to 73.64 at 10 a.m. EDT. The June crude oil futures were up 3 cents to 67.73 at 10 a.m. EDT. On Tuesday night, the American...
Bangladesh receives first LNG cargo
Apr 25, 2018 (UPI)
Excelerate Energy led a $180 million project with Bangladeshi company Petrobangla to build a floating storage and regasification terminal at the port of Moheshk...
Iraq launches production at southern gas field
Apr 25, 2018 (AFP)
The oil ministry said initial production at the field is expected at 25 million cubic feet per day (700,000 cubic metres) and will eventually reach 100 million ...
Minnesota clears path for Enbridge oil pipeline
Apr 24, 2018 (UPI)
Enbridge is proposing an overhaul of the Line 3 segment of a broader network that extends through parts of Canada and into the northern United States. The compa...
High gas prices not yet crimping demand
Apr 24, 2018 (UPI)
Motor club AAA reported a national average retail price of $2.77 for a gallon of regular unleaded gasoline on Tuesday, up just a fraction from the previous day ...
U.S. exporting more oil, but that could change
Apr 24, 2018 (UPI)
The spread, or difference, between Brent crude oil, the global benchmark for the price of oil, and West Texas Intermediate, the U.S. benchmark, is close to $6 p...
Shell holds tight to shale basin in Argentina
Apr 24, 2018 (UPI)
For close to $1 billion in cash, Royal Dutch Shell said it was selling off everything from its retail service stations to its refinery in Buenos Aires to Raíze...
Oil prices stuck on now-what questions
Apr 24, 2018 (UPI)
The price of oil swung between a loss of more than 1 percent to a gain of more than 1 percent in trading Monday after the U.S. government eased sanctions on a R...
Weatherford takes a loss in the first quarter
Apr 24, 2018 (UPI)
Weatherford International, one of the largest oilfield services in the world, report first quarter revenue at $1.42 billion, down 4 percent from the fourth quar...
Russia eyes free trade with Iran
Apr 24, 2018 (UPI)
Iran may be facing economic isolation in May when U.S. President Donald Trump is expected to break the terms of the Joint Comprehensive Plan of Action by not si...
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