Oil News
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By AFP
Sarajevo -
An explosion at a Russian-owned oil refinery in Bosnia killed one worker and injured nine more, police said on Wednesday.
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By AFP
Sarajevo -
An explosion at a Russian-owned oil refinery in Bosnia slightly injured eight workers late Tuesday, local television reported citing officials.
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By AFP
Islamabad -
Saudi Arabia will invest in a new oil refinery in Pakistan's growing deep sea port of Gwadar, Islamabad announced Thursday.
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By AFP
Nicosia -
Cyprus decided Wednesday to invite energy giants Total, Eni and ExxonMobil to bid for a license to explore for oil and gas in a new offshore block, officials said.
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By AFP
Mexico -
British Petroleum struck a deal with the Mexican government to pay a vastly reduced fine for environmental damage caused by the 2010 Deepwater Horizon oil spill, a watchdog group alleged Friday.
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By AFP
Washington -
US and Brazilian authorities have fined Brazil's state oil giant Petrobras more than $853 million for covering up a massive bribery scheme involving Brazilian politicians and political parties, the US Justice Department announced Thursday.
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By AFP
Washington -
US and Brazilian authorities have fined Brazil's state oil giant Petrobras more than $853 million for covering up bribes to Brazilian politicians and political parties, the US Justice Department announced Thursday.
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By AFP
Tehran -
US President Donald Trump is the "main culprit" to blame for a recent surge in oil prices, Iranian Oil Minister Bijan Namdar Zanganeh said on Wednesday."The main culprit of the price hikes...
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By AFP
Milan -
A Milan judge on Thursday sentenced two men to four years in prison in the first ruling of a corruption case involving oil giants Eni and Shell in Nigeria, a judicial source said.
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By AFP
Milan -
An Italian court on Wednesday acquitted energy major Eni and ex-CEO Paolo Scaroni of bribery in Algeria, but fined a subsidiary and jailed its former boss.
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By AFP
Fujairah -
The head of OPEC said Tuesday that Iran remains "a very important member" of the oil cartel, as Tehran braces for a new round of US sanctions partially targeting its crude exports."Iran is a very important member of OPEC...
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By AFP
Tehran -
Oil cartel OPEC has "not much credit" left as some members are turning it into "a tool for the US", a senior Iranian official said in comments published Saturday.
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By AFP
Paris -
Global oil output hit a record of 100 million barrels per day in August, but the market may tighten and prices rise as exports from Iran and Venezuela decline, the International Energy Agency said Thursday.
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By AFP
Tehran -
Iran faces a potentially crushing loss of oil exports when US sanctions return in November, but the impact could be blunted by its experience of working around embargoes.
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By AFP
Washington -
The United States and the United Nations imposed sanctions Wednesday against Libyan militia leader Ibrahim Jadhran, whose forces attacked oil terminals in eastern Libya in June.
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By AFP
Tripoli -
Suicide bombers suspected of being from the Islamic State group stormed the headquarters of Libya's National Oil Company on Monday and killed at least two people, officials said.
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By AFP
Tripoli -
Armed men on Monday stormed the headquarters of Libya's National Oil Company in Tripoli where a blast and gunfire were heard, witnesses and a security source said.
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By AFP
Berlin -
A fire erupted Saturday at a refinery in southern Germany following an explosion, injuring at least 10 people and forcing authorities to temporarily evacuate almost 2,000 local residents, police said.
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By AFP
Ottawa -
A Canadian court on Thursday quashed the government's approval of the Trans Mountain pipeline to the Pacific, siding with indigenous people worried that increased tanker traffic will harm whales along the coast.
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By AFP
China's biggest oil producer PetroChina said Thursday its net profit more than doubled in the first half of the year as global crude prices soared.Net profit surged 113.7 percent from the same period last year to 27.1 billion yuan ($4.
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By AFP
Washington -
Venezuela has agreed to pay a $2 billion settlement to US oil giant ConocoPhillips, to stop the seizure of the South American nation's assets, the American firm announced Monday.
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By AFP
Tehran -
French energy giant Total has officially quit its multi-billion-dollar gas project in Iran, Oil Minister Bijan Namdar Zanganeh said on Monday, following the reimposition of US sanctions.
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By AFP
Tehran -
French energy giant Total has officially quit its multi-billion-dollar gas project in Iran, Oil Minister Bijan Namdar Zanganeh said on Monday, following the reimposition of US sanctions.
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By AFP
Caracas -
New banknotes stripped of five zeros entered circulation in Venezuela on Monday as part of President Nicolas Maduro's radical plan to curb hyperinflation, but business leaders branded the move as counterproductive.The country appeared paralyzed.
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By AFP
Caracas -
Uncertainty reigned in Venezuela on Saturday after President Nicolas Maduro unveiled a major economic reform plan aimed at halting the spiraling hyperinflation that has thrown the oil-rich, cash-poor South American country into chaos.
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By AFP
Caracas -
Venezuela will start issuing new banknotes on Monday after slashing five zeroes off the crippled bolivar, but analysts warn the measure will do nothing to stop a worsening economic crisis.
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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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Oil Image
Protesters in Rio de Janeiro over oil royalties. YouTube
Using a process called hydraulic fracturing or "fracking," toxic chemicals and methane gas seep into our drinking water. Link TV
Russian oil tankers parked at a rail station in July 2014. sergejf (CC BY 2.0)
An oil refinery in Long Beach, CA File photo Neil Kremer/Flickr
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
Half Moon Caye, Belize. Notice the white beaches and clear blue water. anoldent from Asheville, NC,
Oil pump in Russia Yukon White Light
DigitalJournal.com, File photo
NASA satellite image acquired May 9, 2010 of the oil spill in the Gulf of Mexico NASA Goddard
Public understanding of the difference between Beach advisory and beach closure can make the difference of whether beach rentals stay in business or fold.
Crude Oil Tanker US Federal Govt
A rig in the gulf where an explosion occurred on April 20, 2010. KK+
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
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
Protesters in Rio de Janeiro over oil royalties. YouTube
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
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