OIL

10,863 articles

NGO threatens Shell with lawsuit over climate 'destruction'
Apr 04, 2018 (AFP)
"Friends of the Earth Netherlands announced today that they will take Shell to court if it does not act on demands to stop its destruction of the climate," the ...
Fears of trade war send oil prices sharply lower
Apr 04, 2018 (UPI)
The Chinese government said Wednesday it introduced a list of U.S. products worth $50 billion in imports that would be the subject of stiff tariffs. The Chinese...
Bahrain estimates oil discovery has 80 billion barrels
Apr 04, 2018 (UPI)
Bahraini Oil Minister Mohamed bin Khalifa al-Khalifa announced during the weekend that a "substantial" oil and natural gas discovery was made off the nation's w...
States line up to oppose EPA actions on fuel and emissions standards
Apr 04, 2018 (UPI)
U.S. Environmental Protection Agency Administrator Scott Pruitt said this week that former President Barack Obama got it wrong when he called for an increase in...
Riyadh: No major damage to oil tanker after Yemeni attack
Apr 04, 2018 (UPI)
Col. Turku al-Maliki, spokesman for the Saudi-led coalition in Yemen, said on Twitter that naval forces were able to thwart a major escalation after Houthi rebe...
Saudi says oil unaffected by Yemen rebel attack on tanker
Apr 04, 2018 (AFP)
The attack Tuesday was "nothing but a failed attempt to affect international maritime safety, an attempt which did not impact the economy or disrupt oil supplie...
Norway's DNO builds North Sea position
Apr 04, 2018 (UPI)
DNO stated Wednesday that it acquired a 15.4 percent stake in Faroe Petroleum from Delek Group Ltd., an Israeli conglomerate, for $99 million. Faroe, which focu...
Deadly Indonesia oil spill caused by burst pipe: company
Apr 04, 2018 (AFP)
The leakage, which started in waters near Balikpapan city early Saturday, has spread at least 26 kilometres (16 miles) and coated large areas of the coast in th...
EPA says Obama-era fuel guidelines were politically charged
Apr 03, 2018 (UPI)
Environmental Protection Agency Administrator Scott Pruitt said Monday the government was working to set "more appropriate" greenhouse gas emission and fuel eco...
More than $1 billion on contracts awarded offshore Norway
Apr 03, 2018 (UPI)
The company said Tuesday it awarded contracts to energy services companies for work ranging from maintenance to drilling on 18 of Statoil's fixed platforms on t...
Oil prices bounce back on signs of balance
Apr 03, 2018 (UPI)
Crude oil prices dropped below $30 per barrel in early 2016 as U.S. oil production accelerated and members of the Organization of Petroleum Exporting Countries ...
Russia expects support for Nord Stream 2 from European partners
Apr 03, 2018 (UPI)
The German government last week issued a permit for the twinning of the Nord Stream natural gas pipeline running through the Baltic Sea from Russia. With the pe...
U.S. gas prices up, and expected to keep rising
Apr 03, 2018 (UPI)
While the weather across some of the United States might not show it, it's officially spring and retail stations are getting rid of a winter-blend of gasoline t...
Offshore Brazil among the world's best oil basins, Wintershall says
Apr 03, 2018 (UPI)
The Brazilian government offered nearly 50 licenses in the latest round of auctions for rights to drill offshore. Wintershall will serve as the operator at four...
Cuadrilla completes first shale well in the United Kingdom
Apr 03, 2018 (UPI)
Cuadrilla said Tuesday it completed the first-ever horizontal shale natural gas well at its exploration site at Preston New Road in Lancashire. The British gove...
Iraqi oil exports increased in March
Apr 02, 2018 (UPI)
March exports totaled 107 million barrels, or an average of 3.4 million barrels per day, at a price of $59.95 per barrel. February exports were closer to 3.3 mi...
Bahrain announces its largest oil discovery ever
Apr 02, 2018 (UPI)
Bahraini Oil Minister Mohamed bin Khalifa al-Khalifa said a "substantial" oil and natural gas discovery was made off the nation's west coast. "The find represen...
Oil prices turn lower despite North American rig count decline
Apr 02, 2018 (UPI)
Most European banks are on extended holiday Monday following the Easter weekend. U.S. markets were closed Friday because of the holiday. On Thursday, Baker Hugh...
Expect stability from oil-rich Kazakhstan, Fitch Ratings says
Apr 02, 2018 (UPI)
Fitch Ratings affirmed a BBB-rating and stable outlook for KazTransOil, the national pipeline operator in Kazakhstan. The company, which holds a de facto monopo...
Gas-rich Papua New Guinea still coping with earthquake damage
Apr 02, 2018 (UPI)
More than a dozen people were left dead after the island was hit with a 7.5-magnitude earthquake in late February. The World Food Program said Monday a plane ca...
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