OIL

10,863 articles

Rex Tillerson goes to Washington, gets mixed review
Jan 06, 2017 (UPI)
The U.S. nominee for secretary of state and former Exxon Mobil CEO Rex Tillerson must address his close ties to Russia, a Senate Democrat said. Tillerson and Ex...
More contracts for Johan Sverdrup oil field
Jan 06, 2017 (UPI)
An oilfield services company in Thailand said it's the latest in the line of those receiving contracts for Norway's giant offshore Johan Sverdrup field. Norwegi...
Power struggle risks tipping Libya deeper into crisis
Jan 06, 2017 (AFP)
Escalating tensions between rival Libyan armed forces threaten to plunge the North African country deeper into turmoil only weeks after the fall of the Islamic ...
Safety issues found in Norwegian oil field audit
Jan 06, 2017 (UPI)
A Norwegian energy group has until February to address issues at one of its offshore assets, including evacuation routes, a safety regulator said. The Petroleum...
Gas prices last year were the lowest in 12 years
Jan 06, 2017 (UPI)
A federal survey of retail gasoline prices in the United States in 2016 found consumers paid the lowest average price at the pump last year in 12 years. The U.S...
Dallas Fed: Energy sector slump a 'small shock'
Jan 06, 2017 (UPI)
A stronger U.S. dollar and last year's decline in the energy sector could be a "small shock" that weakens economic expansion, a Texas economist said. A November...
Weak start for oil prices after U.S. labor data
Jan 06, 2017 (UPI)
U.S. labor figures supportive of growth sentiments from central bankers and optimism about a price floor did little to kick off an oil price rally early Friday....
Iraq cuts oil production per OPEC deal: ministry
Jan 05, 2017 (AFP)
Iraq has cut crude production by some 200,000 barrels per day as part of an OPEC oil cartel agreement aimed at boosting flagging prices, the oil ministry's spok...
Iraq next to state commitment to OPEC cuts
Jan 05, 2017 (UPI)
Iraq has started trimming crude oil production in a managed fashion in order to comply with an OPEC agreement, the oil minister said. "Iraq is dealing wisely" w...
Texas economist says OPEC cut won't create global shortage
Jan 05, 2017 (UPI)
The OPEC-fueled market recovery hasn't been felt yet in Texas, where the energy sector appears to have bottomed out, an economist said. The Texas Alliance of En...
Oil prices move higher with more OPEC commitments
Jan 05, 2017 (UPI)
Additional commitment to an OPEC production agreement and a decline in U.S. inventories pushed crude oil prices higher in early Thursday trading. Wednesday's se...
U.S. oil and gas lobby calls for industry-led energy revolution
Jan 05, 2017 (UPI)
The leading oil and gas lobbying group in the United States called on leaders in Washington to release the reins of regulation for the sake of the nation. "It i...
Fire out at oil platform, U.S. Coast Guard says
Jan 05, 2017 (UPI)
A fire reported early Thursday at an oil production platform is out with no indications so far of pollution in the Gulf of Mexico, the U.S. Coast Guard said. An...
Hope, and fear, as US Gulf allies look to Trump
Jan 05, 2017 (AFP)
US Gulf allies are looking at Donald Trump to tilt Washington in their favour, analysts say, but fear a dangerous void if the incoming president goes so far as ...
Schlumberger continues acquisition trends
Jan 05, 2017 (UPI)
Oilfield services company Schlumberger said it continued where it left off last year with the acquisition of specialty company, Peak Well Systems. "The addition...
Another North Sea production milestone
Jan 05, 2017 (UPI)
A field complex in the North Sea has passed a production milestone of 1 billion barrels of product, far more than expected, Aker BP said. Aker BP, a merger of N...
Dozens of companies land Nigerian crude oil contracts
Jan 04, 2017 (UPI)
Nigeria's state oil company said more than 30 companies, with nearly half of those foreign entities, have received one-year term contracts for crude oil. The Ni...
Azerbaijan contracts new energy services
Jan 04, 2017 (UPI)
French energy services company Technip said its position in gas- and oil-rich Azerbaijan is strengthened by a service contract with a state energy firm. The Sta...
Germany examines LNG for port vehicles
Jan 04, 2017 (UPI)
German utility group RWE said it would work with port officials to create infrastructure to fuel vessels with cleaner-burning liquefied natural gas. RWE said it...
Exxon, Tillerson address conflict of interest concerns
Jan 04, 2017 (UPI)
All ties are severed between Exxon Mobil and Rex Tillerson to address any conflicts of interest if he's confirmed as U.S. secretary of state, the company said. ...
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