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U.S. Crude Stocks Up by 6 mln Barrels - EIA
U.S. crude stocks rose last week as refineries cut output, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said on Thursday.Crude inventories rose by 6 million barrels in the week to October 5, compared with analysts' expectations…
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U.S. Oil Firms Restoring Operations in Storm-tossed Gulf of Mexico
Oil producers on Thursday were checking Gulf of Mexico production platforms and beginning to return crews to more than 90 offshore facilities evacuated this week as Hurricane Michael moved through the Gulf.Production shut-ins that temporarily halted 42 percent of Gulf oil output and…
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Oil Rebounds Towards $81 but Weaker Demand View Weighs
Oil rebounded towards $81 a barrel on Friday as an equities rally lent support, though prices pared gains after a closely watched forecaster deemed supply adequate and the outlook for demand weakening.Crude was still heading for its first weekly drop in five weeks, pressured by a big rise in U.S.
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US Drillers Add Oil Rigs for First Week in Four
The U.S. oil drilling rig count rose this week for the first time in four weeks even as crude prices tumbled to their lowest in almost three weeks.Drillers added eight oil rigs in the week to Oct. 12, bringing the total count to 869, General Electric Co's Baker Hughes energy services…
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Oil Steady as Saudi Tensions Balance Demand Outlook
Oil prices steadied on Monday as tension over the disappearance of a prominent Saudi journalist stoked supply worries, balancing concerns over the long-term demand outlook.Benchmark Brent crude oil jumped by $1.49 a barrel to a high of $81.92 before giving up its gains to trade around $80.38, down 5 cents, by 1345 GMT. U.S.
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Worker Found Dead at Bosnia Oil Refinery Hit by Blast
The powerful blast that rocked Bosnia's Brod oil refinery late on Tuesday has left one worker dead, officials said as they…
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World's Top Traders Divided on Oil Outlook as Iran Sanctions Loom
The world's biggest trading houses said on Wednesday they saw oil prices not falling below $65 per barrel and possibly breaking…
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SOCAR's New Oil Refinery in Turkey to Start Up Next Week
Azeri state energy company SOCAR plans to start up its new oil refinery in Turkey next week, a spokeswoman at SOCAR's Turkish…
Latest news
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Oil Prices Rise as Iranian Crude Exports Fall
Oil prices rose on Tuesday on growing evidence of falling crude exports from Iran, OPEC's third-largest producer, before the imposition of new U.S.
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Natural Gas is Here to Stay, Big Oil Says
Energy companies are betting demand for natural gas will rise at break-neck pace for decades, undermining warnings that tackling…
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Total, Aramco Sign Deal to Start Jubail Petrochem Engineering Works
French energy group Total and Saudi Aramco signed an agreement on Monday to start engineering studies for the $5 billion construction of a petrochemic
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Precision Drilling Trumps Ensign Bid for Peer Trinidad
North American drilling contractor Precision Drilling Corp on Friday said it would buy Trinidad Drilling Ltd in a deal valued…
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Oil Holds Near Four-Year Highs
Oil held just below four-year highs on Thursday, supported by the imminent loss of Iranian supply through U.S. sanctions…
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U.S. Approves Williams' Atlantic Sunrise Natgas Pipe for Service
U.S. federal energy regulators on Thursday approved a request by Williams Cos Inc's Transcontinental Gas Pipe Line Co (Transco)…
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Gazprom in Talks with China on Extra Gas Supplies
Russia's Gazprom is in talks with China about additional gas supplies via the Power of Siberia pipeline, Interfax news agency…
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Oil Gains, Shrugging Off Bearish U.S. Crude Build
Oil rose on Wednesday, touching a fresh four-year high as the market focused on upcoming U.S. sanctions on Iran and shrugged…
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U.S. Crude Stocks Rise by 8 mln Barrels
U.S. crude stocks rose last week as refineries hiked output, while gasoline stocks decreased and distillate inventories fell…
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Build It and They Will Buy: The New World of LNG Canada
The first major liquefied natural gas (LNG) project to be approved globally in five years will be built in Canada, but its…
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Putin Says US LNG Uncompetitive in Europe
Russia's President Vladimir Putin said on Wednesday that liquefied natural gas (LNG) from the United States was uncompetitive…
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India's Petronet LNG says Talks to Invest in Qatar Have Slowed
India's Petronet LNG Ltd said on Monday its talks to invest in Qatar's exploration and production sector had "slowed down…
Exploration
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India's Petronet LNG says Talks to Invest in Qatar Have Slowed
India's Petronet LNG Ltd said on Monday its talks to invest in Qatar's exploration and production sector had "slowed down…
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Eni to Acquire Half of BP's Libya Oil and Gas Assets
Italy's Eni has agreed to buy half of BP's 85 percent stake in a Libyan oil and gas licence with the aim of resuming exploration next year…
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Eni to Acquire Half of BP's Libya Oil and Gas Assets
Italy's ENI agreed to buy half of BP's 85 percent stake in a Libyan oil and gas licence with the aim of resuming exploration next year, the companies
Drilling
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Rowan Sells Two Jack-up Rigs to ARO Drilling
Texas-based offshore drilling contractor Rowan Companies announced that it has concluded the sale of two LeTourneau TARZAN Class jack-up rigs…
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Michael Shuts Nearly 40% of U.S. Gulf of Mexico Oil Output
Nearly 40 percent of daily crude oil production and more than one-third of natural gas output was lost from offshore U.S.
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Storm Shuts Nearly 40% of US GoM Oil Output
Nearly 40 percent of daily crude oil production was lost from offshore U.S. Gulf of Mexico wells on Tuesday due to platform…
Production
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Aker BP to Buy Equinor Gas, Condensate Discovery
Aker BP has agreed to buy Equinor's 77.8 percent stake in Norway's King Lear gas and condensate discovery for $250 million in cash…
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US GoM Oil Production Off 32% from Storm
U.S. Gulf of Mexico producers have cut oil output by 32 percent and natural gas production by 13 percent as a result of the…
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Petrobras Forms JV with Murphy in Gulf of Mexico
Brazil's state-controlled oil company Petroleo Brasileiro SA is forming a joint venture with Murphy Oil Company to explore…
