Category: Crude oil

OPEC oil out rises on Libya

OPEC crude production rose in October as Libyan output recovered quicker than expected and Saudi Arabia pumped more, the International Energy Agency said.  More »

Editorial: BP oil giant must show the way with rigor

Like many others, we have mixed feelings about the likely return of BP to oil and gas production in the Gulf of Mexico. This had better not be the same old BP that had a deserved reputation for arrogance and dangerous risk-taking across the energy industry.  More »

Huge oil discovery boosts Argentina’s potential

A huge oil discovery by the Spanish company Repsol has sharply boosted Argentina’s potential to cash in on energy and could eventually attract an infusion of investment to exploit the shale oil.  More »

Amnesty says Shell must clean oil spill wrecking lives

Amnesty International says the shell oil company must clean up a 3-year-old spill that has wrecked the livelihoods of tens of thousands of farmers and fishermen in southeastern Nigeria.  More »

IEA warns time is running out to limit earth’s warming

The International Energy Agency warned today that the world is hurtling toward irreversible climate change and will lose the chance to limit warming if it doesn’t take bold action in the next five years.  More »

Crude oil declines on concerns about European debt crisis

Oil declined for the first time in six days in New York after political turmoil in Italy revived concern that Europe’s debt crisis may continue to spread.  More »

IEA: Fossil fuels got six times more aid than clean energy

Fossil-fuel consumers worldwide received about six times more state subsidies last year than were given to the renewable-energy industry, according to the chief adviser to oil-importing nations.  More »

Stephen King offers heating oil assistance

Horror author Stephen King is stepping up to help struggling Maine residents facing deep cuts to a federal heating oil assistance program.  More »

Oil storage companies expand Houston Ship Channel facilities

Oiltanking and Battleground Oil Specialty Terminal Company announced today that they will funnel nearly $500 million into pipelines and storage tanks on the ship channel to handle growing supplies of North American oil products.  More »

Feds roll out five-year plan for offshore drilling

The Obama administration today unveiled a plan for selling offshore drilling leases over the next five years that focuses on exploration in the Gulf of Mexico, proposes three auctions in the Arctic and rules out development in unexplored areas along the Atlantic coast.  More »

Drilling boom brings surge in crime to small towns

In a modern-day echo of the raucous Old West, small towns enjoying a boom in oil and gas drilling are seeing a sharp increase in drunken driving, bar fights and other hell-raising, blamed largely on an influx of young men who find themselves with lots of money in their pockets and nothing to do after they get off work.  More »

BP wants US probes barred from oil spill suits

The companies involved in the worst offshore oil spill in U.S. history are trying to prevent government investigations blaming them for the disaster from being used against them by the people and businesses who are suing them.  More »