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Oil News

123 dead, more than 100 injured in Pakistan oil tanker fire

Multan - At least 123 people were killed and scores injured in a fire that erupted after an oil tanker overturned in central Pakistan early Sunday and crowds rushed to collect fuel, an official said.

123 dead, more than 100 wounded in Pakistan oil tanker fire: official

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.

Coconut oil 'as unhealthy as beef fat'

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.

Weapons found after shots fired in oil field: Saudi

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.

In Mexico's 'Red Triangle,' stealing oil a way of life

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.

Cuba drills for own oil as Venezuelan flow falters

Varadero - Near the Cuban seaside village of Boca de Camarioca, a giant drill runs into the ground and out to sea, probing for oil.

Shareholders vote for ExxonMobil transparency on climate impact

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.

Putin talks Syria, oil with powerful Saudi prince

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.

OPEC oil squeeze to remain, but will it lift prices?

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.

Haiti announces fuel price increases to help public finances

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.

EBRD sees oil price rebound boosting economic growth

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.

Two former executives of Brazil's Petrobras arrested

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.

Four soldiers, six fuel thieves dead in Mexico clashes: officials

Puebla - Armed exchanges between troops and suspected fuel thieves in central Mexico have left 10 people dead, including four soldiers, authorities said Thursday.

At least six killed in S. Korea crane accident

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.

US Supreme Court hands Venezuela a win on expropriations

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.

Libya seizes oil tankers and crew after shootout at sea

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.

Trump moves to lift bans on Arctic drilling

Washington - US President Donald Trump signed an executive order aimed at lifting bans on drilling for oil and gas in offshore Arctic and Atlantic areas, saying it would pull in "billions of dollars" for America and create jobs.

World oil market 'close to balance' despite OPEC cuts: IEA

Paris - Supply and demand in the oil market are close to matching up, the IEA said Thursday, as landmark OPEC-led production cuts are mitigated by rising US supply and slipping worldwide demand growth.

Crude prices jump after US strike on Syria

Singapore - Oil prices rallied on Friday after the United States launched a missile strike against Syria, sparking fears that an escalation of the conflict in the crude-rich Middle East could disrupt supplies.

Drought shatters Turkana's dreams of a better future

- In just a few years water, oil and money would flow. Roads, schools and hospitals would follow. Turkana's generations of poverty and neglect in Kenya's arid north would end.

On Siberia native land, oil doesn't take 'no' for an answer

Russia - The Sopochin family has seen oil majors gradually encroach on the land in Siberia where they have herded reindeer for generations, but the latest project has made them draw the line.

Nigeria's vice-president and a fragile peace in the delta

Warri - While Nigeria's President Muhammadu Buhari was receiving treatment in London for an undisclosed illness, his energetic deputy Yemi Osinbajo was wooing the country's oil heartland.

Libya strongman's forces say oil terminals recaptured

Benghazi - Troops commanded by Libyan military strongman Khalifa Haftar announced the recapture Tuesday of two key oil installations, as fighting raged in Tripoli where a rival government has struggled to assert its authority.

Libya strongman's forces say oil terminals recaptured

Benghazi - Troops commanded by Libyan military strongman Khalifa Haftar announced the recapture Tuesday of two key oil installations, as fighting raged in Tripoli where a rival government has struggled to assert its authority.

OPEC detects 'high compliance' with oil cut deal

Paris - OPEC said Tuesday oil producers have kept their promise to cut output in accordance with a landmark deal designed to lift petroleum prices.

Libya strongman launches offensive on oil terminals: spokesman

Benghazi - Troops commanded by Libyan military strongman Khalifa Haftar launched an assault on Tuesday to seize two of the country's key eastern oil terminals, a spokesman said.

Libya strongman launches offensive on oil terminals: spokesman

Benghazi - Troops commanded by Libyan military strongman Khalifa Haftar launched an assault on Tuesday to seize two of the country's key eastern oil terminals, a spokesman said.

Native Americans march on White House over Dakota pipeline

Washington - Native American groups staged a march to the White House Friday against the construction of a controversial oil pipeline which they fear could lead to the desecration of tribal lands.

Spain's Repsol announces big Alaska oil find

Madrid - Spanish energy giant Repsol announced on Thursday a large find in Alaska that it says holds approximately 1.2 billion barrels of oil.

Forces of east Libya strongman concede loss of oil port

Benghazi - The forces of eastern Libya's military strongman Khalifa Haftar conceded the loss on Saturday of a key oil export terminal they seized last year as fighting for the country's resource wealth intensifies.
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DISASTER: Boats equipped with water cannons fight the devastating fire at the Deepwater Horizon dril...
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
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An oil refinery in Long Beach, CA
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Public understanding of the difference between Beach advisory and beach closure can make the difference of whether beach rentals stay in business or fold.
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Oil tanker
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Swan Hill: Oil and Gas Industry
Swan Hill: Oil and Gas Industry
File photo: AlbertaFirst.com
OIL TRAIN: Rail cars loaded with crude oil burn on the tracks in the Columbia River Gorge near Mosie...
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U.S. Coast Guard PFC Levi Read/Wikimedia Commons
Manatee s seen in Kings Bay
Manatee's seen in Kings Bay
Bob Dudley is CEO of BP
Bob Dudley is CEO of BP
BP America
Greenpeace activists chain themselves to each other during a demonstration on Bosphorus bridge calli...
Greenpeace activists chain themselves to each other during a demonstration on Bosphorus bridge calling for the release of 30 people arrested in Russia over a protest against Arctic oil drilling, during the Istanbul Marathon in Istanbul November 17, 2013. The 30 people detained by Russia consists of 28 activists who were arrested after coastguards boarded the Greenpeace icebreaker Arctic Sunrise following the protest at an oil platform owned by state-controlled Gazprom off Russia's northern coas
With permission by Reuters / Murad Sezer
HOUSTON: Corporate headquarters for oil services industry giant Halliburton  which was headed before...
HOUSTON: Corporate headquarters for oil services industry giant Halliburton, which was headed before 2000 by former U.S. Vice President Dick Cheney.
WhisperTo / Wikimedia
Uncontacted Indians  territory in Peru is being
invaded by oil companies. ©Anon/ Survival
Uncontacted Indians' territory in Peru is being invaded by oil companies. ©Anon/ Survival
LOCATION; Photo/Graphic shows approximate location of the May 19th oil spill from the Plains All Ame...
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.
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Members of the Naval Air Station Pensacola Pollution Response unit set oil containment boom at Sherm...
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by uscgd8
NASA satellite image acquired May 9  2010 of the oil spill in the Gulf of Mexico
NASA satellite image acquired May 9, 2010 of the oil spill in the Gulf of Mexico
NASA Goddard
Half Moon Caye  Belize. Notice the white beaches and clear blue water.
Half Moon Caye, Belize. Notice the white beaches and clear blue water.
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The new ship and the world s largest  The Prelude
The new ship and the world's largest, The Prelude
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Steve Henne  of Marine Spill Response Corp.  heads back to the Premier Explorer after a controlled b...
Steve Henne, of Marine Spill Response Corp., heads back to the Premier Explorer after a controlled burn in the Gulf of Mexico.
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N-Delta Crisis: we won’t allow Buhari export crude oil —AVENGERS.
N-Delta Crisis: we won’t allow Buhari export crude oil —AVENGERS.
The Vanguard