Oil News
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By AFP
Vienna -
Saudi Arabia insisted Wednesday it would do "whatever is needed" to avoid oil supply shortages, setting the stage for a showdown with archfoe Iran ahead of crunch OPEC talks on easing a production-cut pact.
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By AFP
Tripoli -
Clashes between rival groups in Libya's key oil export ports have caused output to drop by nearly half, the head of the National Oil Company said on Wednesday.
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By AFP
T -
After fuelling hopes of independence from Denmark at the turn of the millennium, the Faroe Islands' dreams of an oil bonanza have turned out to be more of a mirage than a miracle.
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By AFP
Moscow -
Russia and Saudi Arabia will ask OPEC to hike production by 1.5 million barrels a day in the third quarter of 2018, Russian Energy Minister Alexander Novak said on Saturday.
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By AFP
Benghazi -
A militia opposed to Libyan strongman Khalifa Haftar on Thursday attacked oil sites under his control, a military source said, inflicting fresh disruption on an industry that forms the chaos-hit country's economic backbone.
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By AFP
New York -
Just nine days before a big OPEC meeting, US President Donald Trump joined the oil-market fray Tuesday, blaming the group for high prices."Oil prices are too high, OPEC is at it again. Not good!" the US president said on Twitter.
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By AFP
Washington -
US President Donald Trump on Wednesday accused the Organization of Petroleum Exporting Countries of driving up oil prices, in a fresh swipe at the cartel's agreement to cap production."Oil prices are too high, OPEC is at it again. Not good!
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By AFP
Ottawa -
Investment in the Canadian oil sector declined for a fourth consecutive year in 2017 because of "eroding investor confidence," oil producers said Tuesday.
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By AFP
Philadelphia -
When President Donald Trump announced the US exit from the Paris climate deal one year ago, the mayor of Philadelphia was among those who vowed to keep carrying the torch.
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By AFP
Rio De Janeiro -
Brazilian oil workers called off a three-day strike Thursday, bringing relief to state energy giant Petrobras and the embattled center-right government, still reeling from a truckers' strike that brought Latin America's biggest economy to a standstill....
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By AFP
Rio De Janeiro -
Brazilian oil sector workers began a three-day strike Wednesday in at least eight refineries, but were not expected to disrupt fuel supplies as the country started to recover from a devastating truckers' protest.
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By AFP
Tehran -
Iran's oil minister on Wednesday gave French energy giant Total 60 days to win a sanctions waiver from Washington or it would lose its stake in a multi-billion-dollar gas project.
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By AFP
Ottawa -
Canada's government stepped in Tuesday to take over a controversial pipeline expansion project to ensure that it gets built in the face of stiff opposition from environmental activists and a regional government.Ottawa will pay Kinder Morgan Can$4.
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By AFP
Ottawa -
Canada's government said Tuesday it will take over a controversial pipeline expansion project to ensure it gets built over the fierce opposition of environmental activists and a regional government.Ottawa will pay Kinder Morgan Can$4.5 billion ($3.
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By AFP
Sanktpeterburg -
Russia and Saudi Arabia said Friday they believe a deal is possible to gradually boost oil output from as soon as July as world oil prices have recently hit highs last seen in 2014.
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By AFP
Bras -
The airport in Brazil's capital Brasilia canceled flights Friday as it ran out of fuel due to a five-day-old truckers' strike.At least four domestic flights and one American Airlines flight to Miami were canceled, according to airport authorities.
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By AFP
Bras -
The Brazilian government and transport unions struck a deal late Thursday to halt for 15 days a nationwide truckers' strike that has caused severe shortages of fuel and food in some areas.
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By AFP
New York -
UN sanctions experts are asking global commodity trading firms and oil companies to spell out what measures they are taking to prevent illegal oil shipments from reaching North Korea, the panel's coordinator said Tuesday.
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By AFP
Tehran -
Iran said Saturday it would wait to see whether Europe produces tangible results in overcoming US sanctions before it decides whether to stay in the nuclear deal, as a top EU official visited Tehran to present plans for maintaining trade ties.
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By AFP
Tehran -
EU Energy Commissioner Miguel Arias Canete arrived in Tehran on Saturday to present plans for continuing oil and gas purchases and protect European companies despite renewed US sanctions on Iran.
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By AFP
Ottawa -
Canada pledged Wednesday to compensate the builder of a controversial oil pipeline in British Columbia for any losses that may result from political delays.
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By AFP
Paris -
Global oil supplies could be hit by the decision by the US to pull out of the Iran nuclear deal, and also by falling production in crisis-hit Venezuela, the IEA said on Wednesday.
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By AFP
Caracas -
Venezuela on Thursday strongly rejected the takeover of its Caribbean oil stocks by ConocoPhillips, after the US company enforced a $2 billion international arbitration award last month.
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By AFP
Apo -
Saudi Arabia, the world's largest oil exporter, has said it will take all necessary measures to prevent supply shortages following the US withdrawal from the Iran nuclear deal.
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By AFP
Apo -
Saudi national oil giant Aramco said Sunday that five new members had been appointed to its board of directors, including the first woman in the firm's history.Lynn Laverty Elsenhans, 60, is the former head of US oil company Sunoco Inc.
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By AFP
Mexico -
Mexican state oil company Pemex returned to profit in the first quarter of the year, it reported Friday, but falling production continued to dog the firm.Pemex posted net profits of 113 billion pesos ($6.
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By AFP
Jeddah -
Saudi Energy Minister Khaled al-Faleh said Friday the global market has the capacity to absorb higher oil prices, drawing a swift reaction from US President Donald Trump who accused OPEC of inflating prices.
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By AFP
Washington -
US President Donald Trump criticized the Organization of Petroleum Exporting Countries (OPEC) Friday for what he said were artificially high oil prices, adding they "will not be accepted.
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By AFP
Dubai -
Saudi Arabia hopes to bring Russia into the fold of an expanded club of global oil giants to sustain a stable market, leaving OPEC's role in question, analysts say.
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By AFP
Paris -
Canadian Prime Minister Justin Trudeau on Sunday defended his government's backing of a controversial pipeline project, saying the world could not afford to choose between the environment and the economy.
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Oil Image
Fuel barrels Trevor MacInnis
Dry sand from tarsands production.
Public understanding of the difference between Beach advisory and beach closure can make the difference of whether beach rentals stay in business or fold.
A Common Guillemot Boaworm
OIL TRAIN: Rail cars loaded with crude oil burn on the tracks in the Columbia River Gorge near Mosier, Ore., after a 100-car train derailed on June 3. U.S. Coast Guard PFC Levi Read/Wikimedia Commons
Swan Hill: Oil and Gas Industry File photo: AlbertaFirst.com
Bart Stupak (D-Mich.), the chairman of the Oversight and Investigation Subcommittee of the House Energy and Commerce Committee. Screenshot from congressional hearing
The new ship and the world's largest, The Prelude Shell Oil
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
Kurdistan Region - Iraq Adam Jones, Ph.D.
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 in Rio de Janeiro over oil royalties. YouTube
BP Gulf of Mexico BP p.l.c
A caribou walks next to a section of the pipeline north of the Brooks Range. The pipeline carries oil from the Arctic and Prudhoe Bay on the North Slope to Valdez, Alaska. Stan Shebs
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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