Email
Password
Remember meForgot password?
    Log in with Twitter

Oil News

Reconstruction starts at Iraq's biggest oil refinery

Baghdad - Iraq has begun reconstruction work at what was the country's biggest oil refinery before it was damaged by intense fighting between government forces and Islamic State group jihadists, the oil ministry said Thursday.

Venezuela's ex-oil boss under investigation for graft

Caracas - Venezuela's chief prosecutor said Tuesday that he had placed former state oil company boss Rafael Ramirez under investigation for corruption, a move critics said was part of a political purge by President Nicolas Maduro.

Venezuela's ex-oil boss under investigation for graft

Caracas - Venezuela's chief prosecutor said Tuesday that he had placed former state oil company boss Rafael Ramirez under investigation for corruption.

To save climate, stop investing in fossil fuels: economists

Paris - The development of oil, gas and coal energy must stop in order to avoid the worst ravages of global warming, 80 top economists said Thursday, days ahead of a climate summit in Paris.

Venezuela arrests former oil bosses in corruption purge

Caracas - Venezuela's military on Thursday arrested the country's former oil minister and the ex-chief of state oil company PDVSA after both men were sacked as part of an anti-corruption crackdown.

Venezuela arrests former oil bosses in corruption purge

Caracas - Venezuela's military on Thursday arrested the country's former oil minister and the ex-chief of state oil company PDVSA after both men were sacked as part of an anti-corruption crackdown.

US presses China to cut oil deliveries to N.Korea

Washington - Secretary of State Rex Tillerson renewed US pleas to China on Thursday to cut oil shipments to North Korea to bring it to the negotiating table over its nuclear and missile programs.

OPEC committee recommends oil deal extension

Vienna - A joint committee of oil producers inside and outside OPEC has recommended that a deal curbing output be extended, Russia's energy minister said ahead of a key meeting in Vienna on Thursday.

US vows to help Europe repel Russian aggression

Washington - Secretary of State Rex Tillerson re-committed the United States to opposing Moscow's "aggression" against its neighbors Tuesday and vowed to help Europe wean itself off Russian oil and gas.

Grounds to prosecute Shell for Nigeria rights violations: Amnesty

Lagos - Amnesty International on Tuesday called for Shell to be prosecuted for allegedly helping Nigeria's military to commit human rights abuses in the oil-rich south in the 1990s.

General named to head debt-ridden Venezuelan oil company

Caracas - Venezuela's President Nicolas Maduro on Sunday named a general to head debt-ridden PDVSA and ordered a "total restructuring" at the state oil giant, in a move that emphasized military support for his regime.

Iraq to build new oil pipeline to Turkey

Baghdad - Iraq is to build a new pipeline to allow oil exports to resume from the northern province of Kirkuk to neighbouring Turkey, the oil ministry said Sunday.

Venezuela: PDVSA makes payments on $233 million debt

Caracas - Venezuela's state-owned oil firm PDVSA said Friday it has started to repay $233 million in interest on two bonds nearing default, days before the end of the 30-day grace period.

Chavez cousin to lead Citgo, PDVSA's arm in US

Caracas - Venezuelan President Nicolas Maduro on Wednesday named Asdrubal Chavez -- a cousin of late leader Hugo Chavez -- to lead Citgo, the state oil company's US affiliate.

Venezuela arrests six top executives from PDVSA's US subsidiary Citgo

Caracas - Venezuela on Tuesday arrested the acting president and five other top executives in charge of Citgo, the US refinery subsidiary of troubled state oil company PDVSA, on corruption charges.

US arrests two Chinese oil company reps in Africa bribery scheme

Washington - US authorities arrested two officials representing a Chinese energy company in a multi-year, multimillion dollar bribery scheme in Africa, with some deals arranged in the halls of the United Nations, officials announced Monday.

Venezuela suffers another blow as PDVSA declared in default

New York - Crisis-plagued Venezuela suffered another blow Thursday as a committee of creditors ruled that state oil company PDVSA has defaulted on its debt, a decision that triggers payment of default insurance to investors.

Creditors rule Venezuela state oil firm PDVSA in default

New York - A committee of creditors on Thursday ruled that Venezuelan state oil company PDVSA has defaulted on its debt, a decision that triggers payment of default insurance to investors and deals another blow to the oil-rich but cash-poor nation.

Citgo is key link between US and Venezuela

Washington - Despite its deepening travails, Venezuela remains an important player in the United States, where it owns oil refineries and pipelines through Citgo, a unit of Venezuelan state oil company PDVSA.

PDVSA, Venezuela's oil gem far from its golden age

Caracas - A pillar of Venezuela's economy, PDVSA was in its heyday one of the five top oil companies on the planet.

Spain awarded 1.6 bln euros over Prestige oil spill

Madrid - A court awarded the Spanish state 1.6 billion euros ($1.9 billion) in damages on Wednesday over the 2002 Prestige oil spill, one of Europe's worst environmental disasters.

Oil prices extend losses in Asia after demand warning

Singapore - Oil prices tumbled more than one percent on Wednesday in Asia, extending the previous day's sharp falls after the International Energy Agency warned of weakening demand.

IEA cuts oil demand forecast

Paris - The International Energy Agency (IEA) cut its forecast for oil demand growth on Tuesday, saying recovering oil prices and a mild early winter were weighing on crude purchases.

Environmentalists take Norway to court over Arctic drilling

Oslo - Representatives for Norway, western Europe's biggest oil producer, appeared in an Oslo court on Tuesday after environmental groups including Greenpeace brought a case over drilling in the Arctic.

Pioneers push limits on Brazil's deep-sea oil frontier

Santo Cristo - Scanning the maze of pipes and valves sprouting from one of Brazil's pioneering deep Atlantic oil platforms, Lucas Azevedo doesn't mince words.

Bahrain accuses Iran over pipeline fire

Dibai - Gulf kingdom Bahrain has accused Iran of being behind a pipeline fire that temporarily halted oil supplies from Saudi Arabia, but Tehran rejected the allegation as "childish".

Venezuela creditors committee postpones default decision

New York - A committee of Venezuelan creditors postponed until Monday a decision on whether state oil company PDVSA has officially defaulted on its debt payments.

Venezuela default contagion easily contained: economists

Paris - A looming Venezuelan debt default is unlikely to trigger any domino effect in neighbouring economies as markets have long since priced in such an eventuality, economists say.

Creditors push back Venezuela default decision

Caracas - Decision day on a looming Venezuelan default was pushed back Friday after a committee of creditors postponed a ruling on whether state oil company PDVSA had officially defaulted on its debt repayments.

Nigerian oil rebels told to give peace talks a chance

Warri - Community leaders in Nigeria's oil-rich south on Monday urged militants not to resume attacks on pipelines but give peace talks with the government another chance.
  1 2 3 4 5 6 ... 29 Next»

Set up a news alert for

Oil


Oil Image

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,
Bob Dudley is CEO of BP
Bob Dudley is CEO of BP
BP America
Drawing shows how sound from the seabed is bounced back to hydrophone.
Drawing shows how sound from the seabed is bounced back to hydrophone.
NMANewsDirect
BP Gulf of Mexico
BP Gulf of Mexico
BP p.l.c
A Common Guillemot
A Common Guillemot
Boaworm
Untitled
ConocoPhillips
Public understanding of the difference between Beach advisory and beach closure can make the differe...
Public understanding of the difference between Beach advisory and beach closure can make the difference of whether beach rentals stay in business or fold.
An oil refinery in Long Beach  CA
An oil refinery in Long Beach, CA
File photo Neil Kremer/Flickr
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
Untitled
Hot Docs
Untitled
CBS
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.
Jwncv - Santa Barbara, California/Wikimedia Commons
Manatee s seen in Kings Bay
Manatee's seen in Kings Bay
Bart Stupak (D-Mich.)  the chairman of the Oversight and Investigation Subcommittee of the House Ene...
Bart Stupak (D-Mich.), the chairman of the Oversight and Investigation Subcommittee of the House Energy and Commerce Committee.
Screenshot from congressional hearing
Untitled
YouTube screen capture
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
An oil tanker
Oil tanker
Photo by Zero
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
Protesters in Rio de Janeiro over oil royalties.
Protesters in Rio de Janeiro over oil royalties.
YouTube
Untitled
DigitalJournal.com, File photo

Latest News
Top News