Washington (UPI) Jan 16, 2018 - The situation on the market, not the price of oil, determines Russia's appetite for complying with the OPEC balancing act, the country's energy minister said.
Washington (UPI) Jan 15, 2018 - French energy company Total said it's now a premier player in the oil basins off the coast of Brazil after finalizing a partnership with a state energy company.
Washington (UPI) Jan 15, 2018 - Norwegian energy company Aker BP said its production levels could at least double within the next five years and dividends could grow by $100 million per year.
Washington (UPI) Jan 15, 2018 - As the industry focuses on decommissioning, Shell said Monday it made a final investment decision on the first manned installation for the North Sea in decades.
Washington (UPI) Jan 15, 2018 - Tearing down the infrastructure from aging North Sea oil and gas fields could generate a stream of revenue for the industry as a whole, a consultant group said.
Washington (UPI) Jan 15, 2018 - Iran's ruling cleric, Ayatollah Ali Khamenei, extended condolences to the members and family of the crew of the Sanchi oil tanker, which sank offshore China.
Upton NY (SPX) Jan 15, 2018 - A collaboration led by scientists at the U.S. Department of Energy's (DOE) Brookhaven National Laboratory has observed an unexpected phenomenon in lithium-ion batteries - the most common type of bat
Beijing (AFP) Jan 15, 2018 - Chinese ships scrambled Monday to clean up a massive and expanding oil spill after an Iranian tanker sank off China, raising fears of devastating damage to marine life.
Washington (UPI) Jan 15, 2018 - Geopolitical tensions in the Middle East could balance against some of the economic gains from the increase in crude oil prices, Moody's said Monday.
Washington (UPI) Jan 15, 2018 - Light trading on the U.S. federal holiday left crude oil prices around neutral, but still marching closer to $70 per barrel, potentially on geopolitical risk.
Beijing (AFP) Jan 14, 2018 - An Iranian oil tanker burst into flames from end to end and sank Sunday, eight days after it caught fire following a collision with a cargo ship off China, state media said.
Tehran (AFP) Jan 13, 2018 - Even with President Donald Trump continuing to waive nuclear sanctions, Iran's economy remains hobbled by US restrictions but some diplomats in Tehran remain quietly confident for the future.
New Delhi (AFP) Jan 13, 2018 - India's navy said four bodies had been recovered on Saturday after search teams located the wreckage of a helicopter that went missing earlier in the day.
Washington (UPI) Jan 12, 2018 - Crude oil prices dipped into negative territory on Friday on signs Washington would indeed extend waivers that let Iranian oil flow on the global market.
Washington (UPI) Jan 12, 2018 - After a roller coaster ride that saw $100-per-barrel swings in crude oil prices, tycoon and former oil man T. Boone Pickens said he's bored with trading oil.
Washington (UPI) Jan 12, 2018 - China could become one of the major shareholders in Transneft, the state-backed oil pipeline company in Russia, one of its directors said Friday.
