OIL

10,863 articles

Canada's Suncor moves into Norwegian waters
Feb 12, 2018 (UPI)
For $54.5 million, Faroe said it sold a 17.5 percent working interest in the Fenja development in the Norwegian Sea to Suncor. Faroe under the terms of the deal...
Gas spill sparks highway inferno in China
Feb 12, 2018 (AFP)
Dashcam footage from a passing car shows a blue sedan bursting into flames just moments after the driver pulled onto the shoulder behind the tanker truck. As he...
Russia's Gazprom Neft makes new oil find
Feb 12, 2018 (UPI)
The company said it discovered a new field in the Orenburg oblast, a federal district north of Kazakhstan with a reserve estimate of more than 80 million barrel...
Stalemate erupting offshore Cyprus
Feb 12, 2018 (UPI)
The Turkish Ministry of Foreign Affairs accused the government of Cyprus of taking unilateral action with its hydrocarbon exploration in the Eastern Mediterrane...
Oil prices bounce back after rough week in equities
Feb 12, 2018 (UPI)
Crude oil prices wiped out all of their yearly gains in the span of a few trading sessions in February as inflationary fears pushed investors into safe-haven as...
Iraq seeks $88.2 bln for reconstruction: minister
Feb 12, 2018 (AFP)
Iraq hopes to raise billions of dollars in pledges at the three-day meeting, as the country reels from the rise of IS and punishing fightback against the jihadi...
Bodies from Sanchi oil tanker returning home
Feb 12, 2018 (UPI)
The Islamic Republic News Agency reported the bodies of the Iranians are on their way to the international airport in Tehran after the appropriate legal procedu...
OPEC: United States leads in new oil production
Feb 12, 2018 (UPI)
OPEC in its monthly market report for February raised its forecast for supply from producers outside the group by 250,000 barrels per day for an expected full-y...
IEA coordinates multilateral strategic oil release drill
Feb 12, 2018 (UPI)
The International Energy Agency said Monday it concluded a five-day emergency response exercise meant to simulate a multilateral release of strategic oil stockp...
Iraq asks BP to study developing Kirkuk oil fields
Feb 11, 2018 (AFP)
Luaybi told AFP he hoped to discuss the proposal with BP's head, who is due to visit Kirkuk in the coming days. "I suggested they study my proposal and I am wai...
Iraq asks BP to study developing Kirkuk oilfields
Feb 11, 2018 (AFP)
Luaybi told AFP he wanted to discuss a request for BP to draft a study on increasing output when the company's boss visits Kirkuk in the coming days. "I suggest...
Clash with military in Venezuela mining town leaves 18 dead: report
Feb 11, 2018 (AFP)
The incident took place Saturday at a mine in the town of Guasipati, in Bolivar state, when "an exchange of shots with several still-unidentified suspects left ...
Iraq banks on private sector for post-IS reconstruction
Feb 10, 2018 (AFP)
Baghdad is looking to drum up funds at a reconstruction conference in neighbouring Kuwait from February 12 to 14 after announcing the defeat of the Islamic Stat...
Norway sees PPI pulled higher by energy prices
Feb 09, 2018 (UPI)
Statistics Norway, the government's record-keeping agency reported the Producer Price Index increased 3.1 percent from December to January. By comparison, U.S. ...
China to launch own oil futures
Feb 09, 2018 (AFP)
The China Securities Regulatory Commission (CSRC) said the contracts would be launched on March 26 on the Shanghai futures market. It is the culmination of a lo...
Oil spills expose indigenous communities to toxic metals
Feb 09, 2018 (UPI)
The findings -- published this week in the journal Environmental Health -- are only the latest to highlight the significant environmental hazards faced by alrea...
U.S. vows steady pressure on Venezuela
Feb 09, 2018 (UPI)
The Venezuelan government announced plans to hold early presidential elections April 22. Opposition parties and many of the governments in North America have cr...
Oil prices slump, even after sigh of relief on passage of U.S. budget bill
Feb 09, 2018 (UPI)
Oil prices have lost all of the ground gained during a rally that extended through most of January. Along with major U.S. stock indices, crude oil prices settle...
U.S. spending bill calls for sale of strategic oil reserves
Feb 09, 2018 (UPI)
A section of the spending bill signed by U.S. President Donald Trump early Friday morning called for the sale of barrels from the Strategic Petroleum Reserve su...
Industry talks up Florida oil and gas potential
Feb 09, 2018 (UPI)
The U.S. Bureau of Ocean Energy Management, a division of the Interior Department, is holding state hearings on a proposed five-year lease plan that would open ...
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