OIL

10,863 articles

Drone hits oil field in Iraq's Kurdistan for second day
Jul 17, 2025 (AFP)
"At 10:55 am (0755 GMT) a new attack by an explosives-laden drone hit" the DNO-operated Tawke field in Zakho disrict, Kurdistan's counterterrorism services said...
Baghdad and Arbil agree to resume Kurdish oil exports: government
Jul 17, 2025 (AFP)
Lucrative oil exports have been a major point of tension between Baghdad and Arbil, with a key pipeline through Turkey shut since 2023 over legal disputes and t...
Drone attacks hit three north Iraq oil fields: Kurds
Jul 16, 2025 (AFP)
Production in two fields operated by the Norwegian group DNO ASA has been temporarily suspended, the company said. In the past few weeks, Kurdistan has seen a s...
New drone attacks hit three oil fields in northern Iraq: Kurdish forces
Jul 16, 2025 (AFP)
In the past few weeks, Iraq and particularly the Kurdistan region have seen a spate of unclaimed drone and rocket attacks. Wednesday's attacks have raised the n...
Drone attack shuts US-run oil field in Iraqi Kurdistan
Jul 15, 2025 (AFP)
The Iraqi government said it will investigate the attacks, which occurred months before legislative elections, at a time of simmering tension between Baghdad an...
OPEC says no peak to oil demand before 2050
Jul 10, 2025 (AFP)
In its latest annual report on the outlook for oil demand, OPEC sees global oil demand rising by 18.6 percent from 103.7 million barrels per day in 2024 to arou...
US senator warns of fossil fuel coup, economic reckoning
Jul 09, 2025 (AFP)
In an interview, Democratic Senator Sheldon Whitehouse of Rhode Island blamed the sweeping rollback of environmental protections on a flood of unlimited, anonym...
Pioneering membrane-free electrolysis to unlock industrial scale green hydrogen
Jul 08, 2025 (SPX)
Traditionally derived from fossil fuels, hydrogen production contributes significant CO2 emissions. In contrast, electrolysis powered by renewable energy offers...
OPEC+ to boost crude oil production in August
Jul 05, 2025 (UPI)
Of the dozen Organization of Petroleum Exporting Countries, five voted to increase the output: Saudi Arabia, Algeria, Iraq, Kuwait, United Arab Emirates. There ...
Ecuador suspends oil exports after pipeline shutdown
Jul 04, 2025 (AFP)
Petroecuador declared "force majeure" for the country's main SOTE pipeline which, along with the OCP pipeline, faces damage from river bank erosion following he...
Drilling for water in Venezuela's parched oil town
Jun 28, 2025 (AFP)
In a symbol of the woes of Venezuela's crumbling economy, the once flourishing oil town of 2 million people is parched. Experts blame the nationwide shortage of...
Blackout at refinery highlights Venezuela's oil industry crisis
Jun 25, 2025 (UPI)
Cardon, located on the Paraguana Peninsula, has recently played a key role in refining heavy crude from the Orinoco Belt. But the power outage once again expose...
Trump says China can continue to buy Iranian oil
Jun 24, 2025 (AFP)
"China can now continue to purchase Oil from Iran. Hopefully, they will be purchasing plenty from the U.S., also," Trump wrote in a post on his Truth Social pla...
Asian countries most vulnerable to Strait of Hormuz blockade
Jun 23, 2025 (AFP)
Around 14.2 million barrels of crude oil and 5.9 million barrels of other petroleum products pass through the strait per day -- representing around 20 percent o...
Britain, U.S. warn Iran against Strait of Hormuz blockade
Jun 23, 2025 (UPI)
British Foreign Secretary David Lammy said Monday that such actions would be a "catastrophic mistake." "It would be a huge, catastrophic mistake to fire at U.S....
US urges China to keep Iran from shutting key trade route
Jun 23, 2025 (AFP)
"I encourage the Chinese government in Beijing to call them about that because they heavily depend on the Strait of Hormuz for their oil," Rubio said on Fox New...
Nigerian monarch wants $12 bn for clean-up before Shell exit
Jun 20, 2025 (AFP)
Bubaraye Dakolo of the Ekpetiama Kingdom appeared before a federal high court in the southern city of Yenagoa demanding reparations for clean-up after decades o...
Greenpeace warns of 'potential disaster' after oil spill off UAE
Jun 19, 2025 (AFP)
On Tuesday, the Emirati coastguard said it rescued 24 crew members of the Adalynn oil tanker after it collided with the Front Eagle vessel in the Gulf of Oman, ...
Brazil sells rights to oil blocks near Amazon river mouth
Jun 17, 2025 (AFP)
Two consortiums -- one comprising Brazil's state-owned Petrobras and US giant ExxonMobil, the other US multinational Chevron and China's CNPC -- spent $153 mill...
Ecuador pipeline burst stops flow of crude
Jun 17, 2025 (AFP)
"The valves have been closed and oil pumping has been suspended," Petroecuador said in a statement. The company blamed the incident on a landslide and it was no...
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