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Libya threatens N Korea ship over seized oil
Tripoli says force will be used if the vessel does not stop loading at an eastern port controlled by separatists.
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+21 +1
Fracking is turning the US into a bigger oil producer than Saudi Arabia
Hector Gallegos sits in the cab of his pick-up enjoying a few hours of calm. A day earlier, workers finished carting off the huge rig that had drilled three new wells beneath this small patch of south Texas farmland and he’s now getting ready to prime them for production. He reckons that about three weeks from now each will be producing 1,000 to 2,000 barrels a day. “That’s money!” he exclaims with a broad smile.
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+19 +1
The mysterious journey of the Libya oil tanker
What began late last year as a routine new assignment for Pakistani sea captain Mirza Noman Baig ended in a dramatic night-time rescue as U.S. special forces seized the ship
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+7 +1
Why do trains carrying oil keep blowing up?
Early on the morning of July 6, 2013, a runaway freight train derailed in Lac-Mégantic, Quebec, setting off a series of massive explosions and inundating the town in flaming oil. The inferno destroyed the downtown area; 47 people died.
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+12 +1
Oil hunt halted in DR Congo park
The hunt for oil is to be halted in Africa's oldest national park in eastern Democratic Republic of Congo, a UK-based oil firm has said.
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+21 +1
Wastewater 'triggers US quake surge'
Massive injections of wastewater from the oil and gas industry are likely to have triggered a sharp rise in earthquakes in the state of Oklahoma.
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+10 +1
Cause of massive fire at N.D. oil supplier unknown, flights cancelled
A large cloud of gray smoke hovered over Williston on Tuesday morning. The North Dakota Department of Health and other agencies are monitoring air quality near the site for any potential threat, according to agency spokesman Tim Wiedrich.
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+13 +1
For Canada, Tar Sands Are Bigger Than Keystone XL Pipeline
If it is ever built, the Keystone XL Pipeline will exist for one reason: To move Canadian tar sands oil from remote Alberta to refineries in Texas.
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+3 +1
China ships no crude oil to N. Korea for 7th month
China's customs data has shown no exports of crude oil to North Korea in the first seven months of 2014, according to the data compiled by South Korea's government trade agency Saturday, even though bilateral trade was little changed.
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+15 +1
World on the brink of oil war as Opec bickers over price
Oil prices ended last week in freefall as the world’s largest group of producers from petro-states in the Middle East dithered over whether to cut output
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+10 +1
As oil prices tank, new era of abundance seen dawning
(Reuters) - As oil production swells, demand falters and prices slide, the global oil market appears on the verge of a pivotal shift from an era of scarcity to one of abundance. Oil prices have fallen...
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+12 +1
Piracy Feared as Vietnamese Oil Tanker Vanishes Off Singapore
Vietnamese authorities are searching for an oil tanker feared to have been taken by pirates just 40 minutes after it departed Singapore for Vietnam
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+11 +1
Oil prices see further declines
Global oil prices have fallen again amid worries about slow global growth and reports that key oil producers want to maintain current output levels.
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+19 +1
Saudi Prince Alwaleed says falling oil prices 'catastrophic'
Intervention of Saudi royal may pressure Opec to cut production at its forethcoming meeting to arrest the slide in prices
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+15 +1
Worrying For Saudi, U.S. Oil Output Cuts Could Take a While
Saudi Arabia effectively started a global oil price war this month aimed at quickly denting U.S. oil output. Slowing a U.S. drilling boom, however, could take more than a year.
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+13 +1
Predictions Of 'Peak Oil' Production Prove Slippery
Just a few years ago, authors were predicting production would soon hit a peak and then decline. But since then, supplies have surged. So are the forecasters now slapping themselves in the head?
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+14 +1
That sinking feeling: Louisiana is embroiled in a battle between prosperity and the planet’s well-being
The bayou state is being washed away. In less than a century, it has lost the equivalent of Prince Edward Island, and the situation is getting worse
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+5 +1
U.S. threatens sanctions on buyers of ISIS oil
Lebanese cabinet decides to drastically restrict entry of Syrian refugees; U.S., allies stage 15 air strikes on ISIS targets in Iraq and Syria; 200 Iraqi Kurds to pass through Turkey to defend Kobani from ISIS.
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+17 +1
WTI Drops to Lowest in More Than Two Years
West Texas Intermediate crude fell to the lowest since June 2012 as Goldman Sachs Group Inc. cut its oil price forecasts. Brent slid for a second day.
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