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Oil News

Ecuador resumes oil exports curbed by protests

Quito - Ecuador on Sunday said it had resumed crude oil exports curbed by violent protests that forced several wells in the Amazon to halt operations.

Canada election puts spotlight on the oil-climate divide

Regina - On the eve of Canada's federal elections, Conservatives and Liberals are neck-and-neck in the polls. But in the prairie province of Saskatchewan support for the Tories is steadfast, centered around the fate of the oil and gas industry.

Oil, Iran top agenda as Putin visits Saudi Arabia

Apo - Russian President Vladimir Putin arrived in Saudi Arabia on Monday, where he was set to seal oil agreements and try to use his influence to defuse tensions boiling in the Gulf.

Russia will work with Saudi to stabilise oil market: Putin

Moscow - Russia will work with Saudi Arabia against any "attempt to destabilise" the oil market, President Vladimir Putin said in an interview broadcast Sunday, on the eve of a visit to Riyadh.

Iran tanker hit by suspected missile strikes off Saudi coast

Tehran - Suspected missile strikes hit an Iranian oil tanker off the Saudi coast on Friday, its owner said, the first Iranian vessel targeted since a spate of attacks in the Gulf Washington blamed on Tehran.

Venezuela rejects Brazil accusations over beach oil spills

Caracas - Venezuela's state oil company PDVSA on Thursday denied accusations by Brazil that it was responsible for a massive oil spill that has polluted beaches on its northeastern Atlantic coast.

Ecuador indigenous group rejects talks, seeks to 'radicalize' protests

Quito - A key Ecuadoran indigenous leader Thursday rejected talks with President Lenin Moreno and issued a call to "radicalize" protests over fuel price hikes amid violence that has left five protesters dead.

Minister says oil on Brazil beaches 'probably' Venezuelan

Rio De Janeiro - Large blots of oil that have turned up on more than 130 Brazilian beaches are "very probably" of Venezuelan origin, Brazil's environment minister said on Wednesday.

Ecuador oil output hit as protests worsen

Quito - Protesters in Ecuador fought a running battle with security forces Wednesday in a second day of violent protests over a fuel price hike that forced the government to suspend most of the country's deliveries of crude.

Lake Maracaibo: polluted by a permanent black tide

Cabimas - Smelling like an oil refinery, the vast expanse of Lake Maracaibo has become polluted by its own reserves of crude as Venezuela's economic collapse has left wells and pipelines in ruin.

Ecuador says will withdraw from OPEC in January

Quito - Ecuador announced Tuesday it will withdraw from OPEC in January due to financial problems facing the South American country.

Saudi Arabia says oil output to be restored by end of September

Jeddah - Saudi Arabia said Tuesday its oil output will return to normal by the end of September, seeking to soothe rattled energy markets after attacks on two instillations that slashed its production by half.

Saudi says oil output to be restored by end of September

Jeddah - Saudi Arabia said on Tuesday its oil output would be back to normal by the end of the month, with half the production lost in weekend attacks on two key facilities already restored.

US intel indicates S. Arabia oil attacks staged from Iran: report

Washington - American officials have shared intelligence with Riyadh indicating that Iran was the staging ground for devastating drone attacks on Saudi Arabia's oil installations, the Wall Street Journal reported on Monday.

US singles out Iran, readies response to Saudi oil attacks

Washington - The United States readied its response Monday to the "unprecedented" attack on Saudi oil facilities as President Donald Trump said Iran was likely to blame, fanning new fears of conflict in the Gulf region.

US will 'defend' international order being 'undermined by Iran': Pentagon chief

Washington - US Defense Secretary Mark Esper said Monday that the US military is preparing a response to the attack on major Saudi Arabia oil facilities.

Weapons used in Saudi attacks 'came from Iran', says coalition

Apo - The weapons used to strike Saudi oil facilities were Iranian-made, the Riyadh-led coalition said Monday, heightening fears of regional conflict after the US hinted at a military response to the assault.

Trump backed off on Iran last time -- but will he again?

Washington - Donald Trump famously canceled a missile strike on Iran in June, but Tehran will not be resting easy following the unpredictable president's warning that the United States is again "locked and loaded.

Yemen rebels threaten new attacks on Saudi oil sites

Sanaa - Yemen's Iran-backed Huthi rebels, who claimed responsibility for devastating weekend attacks on Saudi oil facilities, threatened Monday to carry out more strikes and urged foreigners to stay away.

Trump may meet Iran leader despite Saudi attacks: White House

Washington - The White House said on Sunday President Donald Trump may still meet his Iranian counterpart Hassan Rouhani, despite the US accusing Iran of masterminding drone attacks on Saudi Arabian oil facilities.

Saudi Arabia battles market jitters after oil plant attacks

Apo - Saudi energy giant Aramco is battling to reassure markets after devastating attacks on two oil plants, where a prolonged shutdown risks roiling investor confidence ahead of the state-owned giant's mega stock listing, analysts say.

US hints at military response to Saudi attacks as oil prices surge

London - Oil prices made their biggest jump since the Gulf War on Monday after President Donald Trump warned that the US was "locked and loaded" to respond to attacks on Saudi oil infrastructure that Washington blamed on Iran.

Iran refutes US accusations over Saudi attacks

Tehran - Iran on Sunday dismissed US accusations it was behind drone attacks on Saudi oil installations, suggesting Washington was seeking a pretext to retaliate against the Islamic republic.

Saudi bourse slumps after oil facility attacks

Apo - Saudi shares slumped at the start of trading Sunday, the first session after drone attacks on two major oil facilities knocked out more than half the OPEC kingpin's production.

Yemeni rebel attacks pose danger to Saudi infrastructure

Apo - Drone attacks launched by Yemeni rebels on Saudi oil facilities on Saturday have exposed the threat to critical infrastructure in the kingdom.

Yemeni rebel drones spark fires at two Saudi Aramco oil facilities

Apo - Drone attacks sparked fires at two Saudi Aramco oil facilities on Saturday, the interior ministry said, the latest such assault claimed by Yemeni rebels as the energy giant prepares for a much-anticipated stock listing.

Drones spark fires at two Saudi Aramco oil facilities

Apo - Fires broke out at two Saudi Aramco oil facilities after they were struck by drones early Saturday, the kingdom's interior ministry said."At 4.

Cuba denounces suspension of official Twitter accounts

Havana - The Cuban government on Wednesday denounced the suspension of multiple official media Twitter accounts during a live TV address by President Miguel Diaz-Canel about the communist island's fuel shortage.

Oil majors to mull fresh cuts as trade war hits prices

Dubai - Top oil producers will consider fresh output cuts at a meeting this week, but analysts are doubtful they will succeed in bolstering crude prices dented by the US-China trade war.

OPEC kingpin Saudi Arabia replaces energy minister

Apo - Saudi Arabia's King Salman named his son as energy minister after veteran official Khalid al-Falih was sacked, state media said Sunday, in a major shakeup as the OPEC kingpin reels from low oil prices.
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Russian oil tankers parked at a rail station in July 2014.
Russian oil tankers parked at a rail station in July 2014.
sergejf (CC BY 2.0)
Crude Oil Tanker
Crude Oil Tanker
US Federal Govt
A tailing pond.
A tailing pond.
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
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
A rig in the gulf where an explosion occurred on April 20  2010.
A rig in the gulf where an explosion occurred on April 20, 2010.
KK+
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.
Untitled
ConocoPhillips
Oil pump in Russia
Oil pump in Russia
Yukon White Light
Tailings pond.
Tailings pond.
Untitled
CBS
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
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
Prices as of January 2  2018 at 1:41 p.m.
Prices as of January 2, 2018 at 1:41 p.m.
NASDEQ
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
Untitled
DigitalJournal.com, File photo
Swan Hill: Oil and Gas Industry
Swan Hill: Oil and Gas Industry
File photo: AlbertaFirst.com
Untitled
NASDAQ
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

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