Oil News
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By AFP
Beirut -
US-backed forces have repelled a raid by the Islamic State group targeting barracks housing American and French troops in eastern Syria, the Syrian Observatory for Human Rights said Saturday.
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By AFP
Apo -
Saudi Arabia said Saturday that it was resuming oil shipments through the Bab al-Mandab Strait, ending a 10-day suspension triggered by rebel attacks off the coast of Yemen.
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By AFP
Sanaa -
Yemen's Huthi rebels announced a two-week pause in Red Sea operations Wednesday, after attacks against Saudi tankers last week prompted Riyadh to suspend oil shipments through a key waterway.
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By AFP
Baghdad -
Iraq has raised more than $700 billion from oil since 2005, but almost the entire amount has been spent, the central bank announced Tuesday."Between 2005 and 2017, the finance ministry has taken in $706.
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By AFP
New York -
Russia and China on Thursday put a six-month hold on a request from the United States to the UN Security Council to halt all deliveries of refined oil products to North Korea, diplomats said.
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By AFP
Mexico -
Mexican President-elect Andres Manuel Lopez Obrador has been a harsh critic of the landmark energy reform that privatized the country's oil sector, but the anti-establishment leftist will need it more than he realizes, analysts say.
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By AFP
New York -
The United States asked the UN Security Council on Thursday to order an immediate halt to all deliveries of refined oil products to North Korea after accusing Pyongyang of violating sanctions with illegal imports of fuel, according to documents seen by...
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By AFP
Apo -
US Secretary of State Mike Pompeo urged European powers to get behind American measures to cut Iran off from world energy markets Thursday, during talks in Brussels.
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By AFP
Tehran -
Iran on Saturday accused US President Donald Trump of destabilising the oil market with his flurry of tweets taking aim at the OPEC cartel."These days... the price is dependent on the behaviour of Mr.
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By AFP
Geneva -
A plan by the United States to cut Iran's oil production to zero is a "fantasy", Iranian President Hassan Rouhani said Tuesday during his European tour to rally support for the 2015 nuclear deal.
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By AFP
Washington -
US President Donald Trump said on Saturday that Saudi Arabia's King Salman had agreed to his request to ramp up oil production, a week after OPEC already announced an output rise.
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By AFP
Tripoli -
Libya's National Oil Company said Friday it expected to halt operations at two key export terminals at the weekend, slashing crude output by some 800,000 barrels per day.
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By AFP
Benghazi -
Libyan strongman Khalifa Haftar announced Thursday the "liberation" of Derna, the only city in the eastern region beyond his control, from radical Islamist militias.
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By AFP
Sydney -
Criminal charges have been filed against a spy-turned-whistleblower who exposed a secret Australian bugging operation in East Timor, parliament heard Thursday, in what one MP called an "insane development".
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By AFP
Washington -
Washington and its allies on Wednesday demanded that two key oil installations in the east of the country be returned to control of the UN-backed government in Tripoli, having fallen into the hands of a rival strongman.
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By AFP
Paris -
The rival political authorities in Libya are fighting over control of the country's vast oil wealth, Africa's most abundant reserves.
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By AFP
Washington -
The United States warned Tuesday that countries around the world must stop buying Iranian oil before November 4 or face a renewed round of American economic sanctions.
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By AFP
Tripoli -
Libya's unity government on Tuesday called on the UN Security Council to block any "illegal" oil exports from the chaos-hit country after a rival administration won control of key ports.
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By AFP
Tripoli -
Libya's unity government on Tuesday called on the UN Security Council to block any "illegal" oil exports from the chaos-hit country after a rival administration won control of key ports.
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By AFP
Benghazi -
Marshal Khalifa Haftar announced Monday the handover of oil installations under the control of his self-styled army to an administration that rivals Libya's UN-backed government, after retaking them from militias.
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By AFP
Den Haag -
Animal rescue workers on Monday were frantically cleaning hundreds of birds after an oil spill in the Rotterdam harbour at the weekend, when an oil tanker hit a jetty dumping some 200 tonnes of bunker fuel.
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By AFP
Vienna -
OPEC energy ministers on Friday said they would be putting more oil onto the market to meet "extra demand", reaching a last-ditch compromise in a spat that pitted Saudi Arabia against archfoe Iran.
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By AFP
Benghazi -
A force led by Libyan military strongman Khalifa Haftar said Thursday it had recaptured two key oil ports, a week after they were seized by a rival militia in a blow to crucial exports.
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By AFP
Vienna -
OPEC energy ministers expressed optimism Thursday they were nearing a compromise on oil output policy, with Saudi Arabia acknowledging that a big production hike would be "politically unacceptable" to archfoe Iran, and Iran saying that it was "ready fo...
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By AFP
Benghazi -
A force led by Libyan military strongman Khalifa Haftar said Thursday it had recaptured two key oil export terminals, a week after they were attacked by a rival militia.
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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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Oil Image
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
HOUSTON: Corporate headquarters for oil services industry giant Halliburton, which was headed before 2000 by former U.S. Vice President Dick Cheney. WhisperTo / Wikimedia
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
World energy consumption, 1970-2025. United States Department of Energy
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
Protesters in Rio de Janeiro over oil royalties. YouTube
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
DigitalJournal.com, File photo
Prices as of January 2, 2018 at 1:41 p.m. NASDEQ
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)
The Athabasca Oil Sands, Alberta Canada.
The TransAlaska Pipeline carries oil from Prudhoe Bay on the North Slope to Valdez, Alaska. Ryan McFarland from Petersburg, AK
Much of the oil sands production is located near the Athabasca River.
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
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