BP Beats Expectations On Surprise Russian Profit
February 03 2015 4:25 AM EST
The outperformance was due to an unexpected profit of $470 million from Rosneft which has been hit hard by Western sanctions.
Iran Sweetens Oil Contracts To Counter Sanctions And Price Plunge
February 03 2015 3:13 AM EST
Companies may also require greater persuasion to invest in Iranian fields due to low crude prices.
Oil Prices Fall After Last Week's Surge, Strike Action
February 01 2015 8:48 PM EST
The drops followed a jump back from six-year lows on Friday.
United Steelworkers Union Calls Strike In Petrochemical Industry
February 01 2015 3:42 PM EST
The walkout came at a time when crude-oil prices have been falling for months, which can be a bane for producers but a boon for refiners.
United Steelworkers Strikes At 9 US Chemical And Oil-Refining Plants
February 01 2015 7:34 AM EST
The walkouts are the first conducted in support of a nationwide collective-bargaining agreement in the industry since 1980.
Cheap Oil Slams Gas-To-Liquids Market
January 31 2015 12:43 PM EST
Energy companies are struggling to justify new multibillion-dollar projects as crude-oil prices slide below $50 per barrel.
Western Economic Sanctions Ice Russia's Arctic Drilling Plans
January 30 2015 10:37 AM EST
Russian oil giant Rosneft won't drill in the Arctic this year -- a major blow to Russia's efforts to expand its much-needed oil revenue.
Senate OKs Keystone Pipeline Bill
January 29 2015 4:50 PM EST
The Senate voted 62-36 to authorize the pipeline, which would bring Canadian oil to the U.S. It now goes to the House.
Senate Expected To Pass Keystone Bill
January 29 2015 10:21 AM EST
The Senate is expected to pass the Keystone pipeline bill Thursday, but the president has threatened a veto.
Shell Falls Short After Oil Production Income Collapses
January 29 2015 6:56 AM EST
Shell also announced a relatively modest three-year, $15 billion cut in spending to help it weather the plunge in oil prices.
North Korea May Be Restarting Nuclear Reactor
January 29 2015 2:02 AM EST
The Yongbyon reactor, which can produce plutonium for atomic bombs, is in the early stages of being restarted, according to a U.S. think tank.
The (Potential) Doom Of Cheap Oil
January 28 2015 7:54 AM EST
Could cheap oil derail the renewable energy industry? Investors seem to think so, but this isn’t exactly the 1980s all over again.
Shell Signs $11B Deal To Build Petrochemicals Plant In Iraq
January 28 2015 4:21 AM EST
A Shell spokesman told Reuters Iraq's cabinet had authorized the project on Jan 13.
Saudi Arabia Has Nothing To Do With Oil Market Imbalance: Aramco CEO
January 27 2015 3:32 AM EST
A fair oil price is what would ultimately balance supply and demand, Aramco's CEO said Tuesday.
OPEC's Badri Says Oil May Have Hit Floor, Warns Of Future Spike
January 26 2015 1:24 PM EST
Some OPEC members, including Venezuela, have continued to call for output cuts.
AirAsia Cuts Fuel Charges As Oil Price Falls
January 26 2015 2:58 AM EST
Production and supply of crude has to slow down to halt the decline in global oil prices, analysts say.
Oil Falls After Greek Election Sends Euro Tumbling
January 25 2015 11:45 PM EST
Global financial markets reacted to the Greek election on Monday with the euro dropping to near an 11-year low against the dollar.
Pakistani Officials Blame Sabotage For Massive Blackout
January 25 2015 4:42 PM EST
Some 80 percent of Pakistan was affected by a blackout Sunday, officials said power was restored by midmorning.
Saudi King's Death Won't Change Oil Policies, Experts Say
January 23 2015 10:26 AM EST
Though global prices jumped on the news of Abdullah's death, experts expect a smooth transition and no big policy changes.
GE Profit Rises, Helped By Power, Aviation Units
January 23 2015 7:34 AM EST
The U.S. conglomerate said its fourth-quarter net earnings rose to $5.15 billion.