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LATEST OIL STORIES

We currently have over 7064 articles in this category. We collect together news, analysis and comment from over 34,500 sources.
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FACTBOX - NIGERIA'S DRAFT PETROLEUM INDUSTRY BILL


(Reuters) - Nigeria's government task force will finalise a draft of the long-delayed Petroleum Industry Bill (PIB) this week before sending it t...

BG TO SPEND $30 BILLION ON BRAZIL OFFSHORE OIL BY 2025


RIO DE JANEIRO (Reuters) - BG Group Plc. plans to spend at least $30 billion (19.16 billion pounds) to expand oil and natural gas output in Brazil by ...

OIL PRICES REBOUND ON BARGAIN HUNTING


Oil prices rebounded slightly on Thursday as investors went bargain hunting after New York crude slumped below $90 a barrel the previous day, analysts...

IN IRAQ, A CLASH OF TREASURES PAST, PRESENT AND FUTURE


BABYLON, Iraq (Reuters) - In the ancient city of Babylon, once home to the fabled Hanging Gardens, an extended oil pipeline has churned through the di...

SHELL SAYS 'CONSIDERING OPTIONS' AFTER PTT BID FOR COVE


Royal Dutch Shell said Thursday it was mulling its options over Cove Energy, one day after Thai oil giant PTT trumped its takeover bid for the East Af...

'CHINESE FUNDS NEEDED' TO REACH BRAZIL OFFSHORE OIL

Tapping Brazil's huge offshore oil reserves will require foreign investment that only cash-rich Chinese banks are in a position to provide, indus...[ OIL ARTICLES, ANALYSIS]
17 hours ago

BP, EPA REACH DEAL ON CANADA CRUDE AT U.S. REFINERY

HOUSTON (Reuters) - BP Plc on Wednesday said it will spend $400 million (254.9 million pounds) to install pollution controls at its giant Whiting, Ind...[ OIL ARTICLES, ANALYSIS]
18 hours ago

EPA - BP TO ADD $400 MILLION POLLUTION CONTROLS IN INDIANA

WASHINGTON (Reuters) - BP PLc has agreed to install more than $400 million (254.7 million pounds) in pollution controls at its Whiting, Indiana, oil r...[ OIL ARTICLES, ANALYSIS]
1 day ago

OIL PRICES DROP ON HOPES OF EASING IRAN TENSIONS

Oil prices dropped on Wednesday over hopes of easing tensions between major crude producer Iran and the West, but eurozone debt woes continued to cast...[ OIL ARTICLES, ANALYSIS]
1 day ago

SAUDI SIGNS $3 BILLION DEAL WITH UK FOR BAE HAWK TRAINER JETS

DUBAI/LONDON (Reuters) - Saudi Arabia, the world's top oil exporter, has signed a $3 billion deal to buy 30 more Hawk jets from British defence g...[ OIL ARTICLES, ANALYSIS]
1 day ago

SAUDIS PLEDGE $3.25 BILLION IN AID TO QAEDA-HIT YEMEN

RIYADH (Reuters) - Saudi Arabia, concerned that chaos in Yemen is creating an al Qaeda base on its doorstep, pledged $3.25 billion in aid to its neigh...[ OIL ARTICLES, ANALYSIS]
1 day ago

MAJOR POWERS SEEK IRAN CONCESSIONS AT BAGHDAD TALKS

BAGHDAD (Reuters) - World powers will test Iran's readiness under pressure of sanctions to scale back its nuclear programme at talks on Wednesday...[ OIL ARTICLES, ANALYSIS]
1 day ago

SAUDI KING SAYS DEEPLY CONCERNED ABOUT LEBANON VIOLENCE

DUBAI (Reuters) - Saudi Arabia's King Abdullah is "deeply concerned" about sectarian violence in Lebanon, state news agency SPA said on...[ OIL ARTICLES, ANALYSIS]
1 day ago

MINER HOCHSCHILD SAYS YPF WON'T DULL ARGENTINA'S SHINE

LONDON (Reuters) - Argentina's soaring inflation is more likely to dent the country's appeal for miners eyeing its gold, silver and copper r...[ OIL ARTICLES, ANALYSIS]
1 day ago

THAILAND'S PTT BEATS SHELL BID FOR COVE ENERGY

Thai oil giant PTT said on Wednesday it had struck a deal to buy East Africa-focused Cove Energy for £1.22 billion ($1.92 billion, 1.50 billion ...[ OIL ARTICLES, ANALYSIS]
1 day ago
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