The head of BP’s Gulf of Mexico region said on Monday the oil company’s use of a new seismic imaging technology has identified 1 billion additional barrels of “possible resources” Continue Reading
Companies, trade groups submitted comments to Commerce Dept. Pipeline operators argue policy would increase costs A directive requiring U.S. pipeline companies to use American steel and iron in their projects Continue Reading
Russian oil production edged down to 11.00 million barrels per day (bpd) in April from 11.05 million bpd in March, just short of full compliance with the targets of a Continue Reading
U.S. rigs drilling for crude increase for 15th straight week Libya crude output rebounds as Sharara, Feel fields restarted Oil declined as rigs targeting crude in the U.S. rose for Continue Reading
Oil prices edged lower on Monday, undermined by a weak manufacturers survey out of China, and despite talk that OPEC-led crude oil output cuts could be extended when oil producers Continue Reading
Iran’s Oil Minister said on Saturday OPEC and non-OPEC countries had given positive signals for an extension of output cuts, which Tehran would also back. The Organization of the Petroleum Continue Reading
Top oil exporter Saudi Arabia is expected to cut the price of its flagship Arab Light by 40-50 cents a barrel in June to the lowest in nine months, a Continue Reading
Oil tanks seen at the Saudi Aramco headquarters during a media tour at Damam city November 11, 2007. State oil giant Saudi Aramco plans to launch its overhauled Muajjiz oil Continue Reading
OPEC member pumping more than 700,000 barrels a day: Alaokali Biggest field Sharara at 216,400 barrels daily after restart Libya’s crude production rebounded to more than 700,000 barrels a day Continue Reading
The growing protest movement against U.S. oil and gas pipelines has so far focused on stopping or delaying new construction, with some high-profile successes. Now, in Michigan, a broad coalition Continue Reading
