Oil News
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By AFP
Caracas -
Venezuela might look bad right now with protests, scarce food and fraught political tensions. But it could soon get a lot worse, according to analysts, because of a debt emergency raising the specter of default.
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By AFP
Paris -
OPEC pumped more oil in July as global oil supplies rose for the third straight month, the IEA said Friday, giving figures that cast further doubt on the cartel's pledge to cut output to raise prices.
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By AFP
Rio De Janeiro -
Brazil's troubled oil giant Petrobas on Thursday reported a 93 percent drop in profits in the second quarter of 2017 from the previous three months.Petrobras reported 316 million reais profits ($100 million), down from 4.4 billion in the first quarter....
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By AFP
Hong Kong -
Residents in Hong Kong desperately tried to clear the coastline of greasy lumps of palm oil Tuesday as it continues to wash ashore after a huge spillage at sea.
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By AFP
Hong Kong -
A clean-up operation was under way in Hong Kong Monday after a massive palm oil spillage from a ship collision in mainland Chinese waters clogged some of its most popular beaches.
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By AFP
Hong Kong -
A clean-up operation was under way in Hong Kong Monday after a massive palm oil spillage from a ship collision in mainland Chinese waters clogged some of its most popular beaches.
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By AFP
Hanoi -
Spanish oil giant Repsol said it has suspended a multi-million-dollar oil exploration project in an area of the South China Sea off Vietnam claimed by both Hanoi and Beijing, amid reports of a spike in tensions between the communist neighbours.
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By AFP
Kano -
At least 69 people died in a Boko Haram ambush of an oil exploration team in northeast Nigeria, as three men kidnapped by the jihadists made a video appeal.
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By AFP
Lagos -
A Nigerian court has ordered the temporary forfeiture a $37.5 million property belonging to the country's ex-oil minister, with prosecutors alleging it was bought with ill-gotten funds.
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By AFP
Lagos -
US officials said Friday they plan to confiscate $144 million in corruption-tainted assets of Nigerian oil executives found in the United States including an $80 million yacht the "Galactica Star.
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By AFP
Istanbul -
US Secretary of State Rex Tillerson, the former chief executive of Exxon Mobil, expressed nostalgia for his former life as an oilman while picking up an industry award in Istanbul on Sunday.
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By AFP
Moscow -
A Russian court on Friday freed on amnesty two men accused of causing the death of the head of French oil giant Total in 2014 when his jet crashed on takeoff from a Moscow airport.
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By AFP
Tehran -
French energy giant Total will finally sign its multi-billion-dollar agreement to develop an Iranian offshore gas field on Monday, the oil ministry said, in the biggest foreign deal since sanctions were eased last year.
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By AFP
Bahawalpur -
Pakistan began Eid in mourning Monday as the death toll from an oil tanker explosion rose to 153, with scores more injured after they were caught in a fireball while scooping up spilt fuel.
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By AFP
Multan -
An overturned oil tanker exploded in a huge fireball in Pakistan Sunday, killing at least 139 people and injuring scores as crowds scavenging for fuel ignored warnings to stay clear, officials and witnesses said.
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By AFP
Islamabad -
At least 123 people were killed and scores injured in a fire that broke out after an oil tanker overturned in central Pakistan early Sunday and crowds rushed to collect fuel, an official said.
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Washington -
Health fads come and health fads go. One of the current 'health' interests is with coconuts, as coconut 'milk'; eating slices of the nut itself; or using coconut derived oil. Often branded as 'healthy', a new study suggests the opposite is true.
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By AFP
Riyadh -
Saudi Arabia said on Monday it had seized weapons from a boat captured after shots were fired by security forces near an oil platform in the Arabian Gulf, at a time of tension with Iran and Qatar.
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By AFP
Tepeaca -
Standing in the middle of lettuce and onion fields that reek of gasoline, the farmers pause from their work to watch an army convoy drive by.Gripping their machine guns, the soldiers return the farmers' wary gaze.
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By AFP
Varadero -
Near the Cuban seaside village of Boca de Camarioca, a giant drill runs into the ground and out to sea, probing for oil.
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By AFP
New York -
ExxonMobil's shareholders voted Wednesday to push the oil giant to test how the fight against global warming could affect its business, handing a victory to environmentalists at a critical juncture for climate policy worldwide.
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By AFP
Moscow -
Russian President Vladimir Putin on Tuesday discussed cooperation on oil and the conflict in Syria with powerful Saudi Deputy Crown Prince Mohammed bin Salman at a meeting in the Kremlin.
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By AFP
Vienna -
Oil producers within and outside OPEC are expected Thursday to extend a deal cutting output aimed at lifting the price of crude, but US rivals could spoil the party.
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By AFP
Port-au-prince -
Haiti's government announced on Sunday fuel price increases of up to 20 percent in an effort to shore up the country's disastrous public finances.
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By AFP
Nicosia -
Europe's development bank predicted Wednesday a pick-up in economic growth this year in most of the regions where it operates as rebounding oil prices boost Russia and other commodity exporters.
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By AFP
S -
Two former high-level executives of the Brazilian state oil company Petrobras were arrested in connection with a sweeping corruption investigation dubbed "Operation Car Wash," prosecutors said Thursday.
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By AFP
Puebla -
Armed exchanges between troops and suspected fuel thieves in central Mexico have left 10 people dead, including four soldiers, authorities said Thursday.
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By AFP
Seoul -
At least six Samsung workers building a $500 million ocean platform for French energy giant Total were killed in a shipyard crane accident, South Korean authorities said Tuesday.
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By AFP
Washington -
Crisis-ridden Venezuela received a bit of good news Monday when the US Supreme Court ruled against an American oil firm whose equipment was expropriated under late president Hugo Chavez.
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By AFP
Tripoli -
Libya has seized two foreign-flagged oil tankers and detained their crews for allegedly smuggling fuel after an hours-long gunbattle off the west coast, authorities said.
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Oil Image
Dry sand from tarsands production.
An oil refinery in Long Beach, CA Neil Armstrong2
Francis Bacon, Second Version of Triptych, 1944 / 1988. Oil and alkyds on canvas. Each panel 198 x 147.5 cm (each panel), Tate Modern, London. © Estate of Francis Bacon / SODRAC (2013) © Estate of Francis Bacon / SODRAC (2013)
A scene from a documentary shot in Kamloops, British Columbia, showing life on a cattle ranch. screen grab
LOCATION; Photo/Graphic shows approximate location of the May 19th oil spill from the Plains All American Pipeline near Refugio Beach in Santa Barbara, Calif. Jwncv - Santa Barbara, California/Wikimedia Commons
Dry sand from a tailing pond, water is used to remove the oil from the sand. The water and sand which is left over is moved to holding ponds.
Protesters opposed to the proposed Keystone XL demonstrate outside the White House in 2011. Chesapeakeclimate/Wikimedia Commons
Manatee's seen in Kings Bay
DigitalJournal.com, File photo
Oil pump in Russia Yukon White Light
Drawing shows how sound from the seabed is bounced back to hydrophone. NMANewsDirect
A rig in the gulf where an explosion occurred on April 20, 2010. KK+
Swan Hill: Oil and Gas Industry File photo: AlbertaFirst.com
DISASTER: Boats equipped with water cannons fight the devastating fire at the Deepwater Horizon drilling platform in the Gulf of Mexico in 2010. U.S. Coast Guard/Wikimedia Commons
N-Delta Crisis: we won’t allow Buhari export crude oil —AVENGERS. The Vanguard
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