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Oil News

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.

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.

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.

Iraqi Kurd forces halt pumping through key oil pipeline

Kirkuk - Iraqi Kurdish forces deployed at a state-run oil company Thursday, temporarily halting pumping through a pipeline that is one of the country's two main avenues for crude exports, officials said.

World's largest wealth fund gains 50 bln euros in 2016

Oslo - Norway's sovereign wealth fund, the world's largest, notched up huge gains in 2016, as it reaped the benefits of a global stock market rally following the election of US President Donald Trump, the Norwegian central bank said Tuesday.

Mexico's Pemex cuts losses to $14.3 bn in 2016

Mexico - Mexico's state-run energy giant Pemex reported losses of $14.3 billion for 2016 on Monday, halving its losses from the previous year and saying "austerity" measures were starting to pay off.

US 'not in Iraq to seize anybody's oil': Mattis

Baghdad - The United States is not about to plunder Iraq's petroleum reserves, Defence Secretary Jim Mattis, who was in Baghdad Monday, said as he sought to soothe partners rattled by President Donald Trump.

Norway eyes curb on sovereign fund withdrawals

Oslo - Norway on Thursday proposed to curb the amount of money it can withdraw from its sovereign wealth fund, the largest in the world, amid lower expected returns. The minority rightwing government also recommended that the fund, worth 7.

UK court blocks Niger Delta pollution claims against Shell

London - A British court on Thursday blocked pollution claims against Anglo-Dutch energy giant Shell by more than 40,000 Niger Delta residents demanding action over decades of oil spills in the region.

East Timor and Australia to tear up sea border treaty

Sydney - A contentious maritime border treaty between East Timor and Australia which cuts through lucrative oil and gas fields in the Timor Sea is to be torn up, the two sides said Monday.
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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
Dry sand from tarsands production.
Dry sand from tarsands production.
A Common Guillemot
A Common Guillemot
Boaworm
Using a process called hydraulic fracturing or  fracking   toxic chemicals and methane gas seep into...
Using a process called hydraulic fracturing or "fracking," toxic chemicals and methane gas seep into our drinking water.
Link TV
A scene from a documentary shot in Kamloops  British Columbia  showing life on a cattle ranch.
A scene from a documentary shot in Kamloops, British Columbia, showing life on a cattle ranch.
screen grab
World energy consumption  1970-2025.
World energy consumption, 1970-2025.
United States Department of Energy
A tailing pond.
A tailing pond.
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
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.
U.S. Navy photo by Mass Communication Specialist 2nd Class Justin Stumberg
The TransAlaska Pipeline carries oil from Prudhoe Bay on the North Slope to Valdez  Alaska.
The TransAlaska Pipeline carries oil from Prudhoe Bay on the North Slope to Valdez, Alaska.
Ryan McFarland from Petersburg, AK
Francis Bacon  Second Version of Triptych   1944 / 1988. Oil and alkyds on canvas. Each panel 198 x ...
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)
Tailings pond.
Tailings pond.
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.
Jw4nvc - Santa Barbara, California/Wikimedia Commons
The Athabasca Oil Sands  Alberta Canada.
The Athabasca Oil Sands, Alberta Canada.
Protesters in Rio de Janeiro over oil royalties.
Protesters in Rio de Janeiro over oil royalties.
YouTube
ENERGY: A major oil refinery in Port Arthur  Texas  is shown after it was damaged by Hurricane Rita ...
ENERGY: A major oil refinery in Port Arthur, Texas, is shown after it was damaged by Hurricane Rita in 2005.
Leif Skoogfors-FEMA/Wikimedia Commons
The new ship and the world s largest  The Prelude
The new ship and the world's largest, The Prelude
Shell Oil
Half Moon Caye  Belize. Notice the white beaches and clear blue water.
Half Moon Caye, Belize. Notice the white beaches and clear blue water.
anoldent from Asheville, NC,
Swan Hill: Oil and Gas Industry
Swan Hill: Oil and Gas Industry
File photo: AlbertaFirst.com
BP Gulf of Mexico
BP Gulf of Mexico
BP p.l.c

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