OIL

10,863 articles

Paris-based energy agency sees more oil coming from outside OPEC
Jun 13, 2013 (UPI)
The Paris-based International Energy Agency said Friday global oil supplies rose largely because of output from countries outside of OPEC. The IEA said in its m...
Seven dead, one injured in Mexican platform accident
Jun 13, 2013 (UPI)
Seven workers are confirmed dead and one is injured in an accident at a drilling platform off the Mexican coast, construction company Empresas ICA said. Mexican...
British government approves development of North Sea oil field
Jun 12, 2013 (UPI)
British energy company Premier Oil said Thursday it received consent to develop a North Sea oil field expected to produce 50,000 barrels per day at its peak. Pr...
Offshore prospect in Angola to be Total's 'most prolific'
Jun 12, 2013 (UPI)
French energy company Total said Thursday its latest operations off the coast of Angola could yield a production rate of 700,000 barrels per day. Total said Thu...
Economy in shale oil state North Dakota outpacing nation
Jun 12, 2013 (UPI)
The economy in North Dakota, the state at the heart of the U.S. oil boom, is growing faster than all other states, Gov. Jack Dalrymple said. For the fourth year...
OPEC predicts world may need less of its oil in 2014
Jun 12, 2013 (UPI)
The Organization of Petroleum Exporting Countries said Thursday it expects the global economy in 2014 will need less of its crude oil than it did last year. OPE...
China disputes Vietnamese claims about oil rig under military escort
Jun 12, 2013 (UPI)
Vietnamese claims a Chinese oil rig in disputed waters near the Xisha Islands is under military escort are wrong, a Chinese foreign ministry spokeswoman said. S...
Most non-OPEC oil supplies coming from the United States
Jun 12, 2013 (UPI)
U.S. oil production should be the main driver of growth outside members of the Organization of Petroleum Exporting Countries, the Energy Department said. The En...
Gazprom holds off on making Ukraine pay in advance for natural gas
Jun 12, 2013 (UPI)
Russian energy company Gazprom said it was delaying a move to force Ukraine to pay in advance for gas because of the intensity of contractual negotiations. Russ...
Oil and gas disruptions from hurricanes could be higher than last year
Jun 12, 2013 (UPI)
Oil and natural gas disruptions from hurricane activity in the Gulf of Mexico may be much higher than last year, the U.S. Energy Department said Thursday. The E...
EIA says summer average price per gallon higher than last year's
Jun 11, 2013 (UPI)
Gasoline prices through the summer could be as much as 4 cents higher than the same time last year, the U.S. Energy Department said. The average retail price fo...
BP uses unmanned aerial system for exploration
Jun 11, 2013 (UPI)
An unmanned aerial system is performing routine commercial services in Alaska for BP Exploration (Alaska) Inc. for the next five years. AeroVironment said the c...
Top OPEC delegate says oil group can't keep markets stable by itself
Jun 11, 2013 (UPI)
Maintaining stable global oil market conditions isn't something the Organization of Petroleum Exporting Countries can do alone, a top delegate said Wednesday. O...
U.S. State Department says Iraqi oil sales forbidden without Baghdad's consent
Jun 11, 2013 (UPI)
Washington does not support any export or sale of oil from Iraq without consent from the federal government in Baghdad, a State Department spokeswoman said. Two...
Australia, U.S. and Canada to dominate future LNG markets
Jun 11, 2013 (UPI)
The United States and Canada will account for about 8 percent of the global liquefied natural gas market by 2019, the International Energy Agency said. "While d...
Libyan envoy to OPEC says oil production could more than double
Jun 11, 2013 (UPI)
It's possible Libyan oil production could more than double to 700,000 barrels per day within the next two months, a Libyan delegate to OPEC said Wednesday. Memb...
Second tanker, United Emblem, left Turkish port loaded with Kurdish oil
Jun 10, 2013 (UPI)
Maritime shipping data show an oil tanker, United Emblem, left the Turkish port of Ceyhan loaded with a cargo of oil taken from the Kurdish north of Iraq. Data ...
Ukraine increases gas storage by 7 percent from start of June
Jun 10, 2013 (UPI)
Ukraine boosted its gas storage capacity by 7 percent for the week ending June 6 and storage tanks are filled to about 40 percent, data show. Gas storage data T...
Caspian operator says management structure changing at one of world's biggest oil fields
Jun 10, 2013 (UPI)
The Caspian company in control of the Kashagan oil field offshore Kazakhstan said it would change the corporate structure managing the troubled reserve area. La...
Canada expecting less oil production by 2030 than previously thought
Jun 10, 2013 (UPI)
The Canadian Association of Petroleum Producers said 2014 estimates for oil production to 2030 are down more than 7 percent from the previous year. CAPP said oi...
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