LOCATION :Home> Industry News

Marathon Oil closes on sale of its UK business

HOUSTON -- Marathon Oil Corporation (NYSE: MRO) announced today the company has closed on the sale of its UK business, which consists of the Brae area fields and Foinaven, to RockRose Energy PLC. The transaction represents a complete countr......【More】

2019-07-02

Why oil's outlook could be even bleaker than expected

SINGAPORE and BEIJING (Bloomberg) -- As storm clouds gather over the worlds top oil-consuming region, OPEC and its allies would be advised to pay close attention as they prepare to make a key decision on output curbs early next month. While......【More】

2019-06-26

Oil climbs to a three-week high as U.S.-Iran tensions simmer

SINGAPORE and LONDON (Bloomberg) -- Oil rose to the highest level in more than three weeks as political tensions between the U.S. and Iran continued to simmer, with President Donald Trump announcing plans for further sanctions against the O......【More】

2019-06-25

Oil gains as new sanctions set to ratchet up pressure on Iran

SYDNEY (Bloomberg) -- Oil extended its rally after the U.S. said it was preparing new sanctions against Iran, further escalating tensions between the two states. Futures in New York were up 0.5%, after surging 9.4% last week -- the biggest......【More】

2019-06-24

Shell continues South African oil expansion with second deal

JOHANNESBURG (Bloomberg) -- Months after a major discovery by Total SA boosted the countrys hydrocarbon prospects, Royal Dutch Shell Plc is planning to acquire an oil-block stake in a second deal in South Africas relatively unexplored water......【More】

2019-05-30

Russia's new icebreakers carve path for oil and gas shipping

WASHINGTON (Bloomberg Opinion) -- Last weekend, Russia launched the last of a new crew of atomic icebreakers meant to consolidate the countrys dominance of commercial traffic in the Arctic. As much of the rest of the world recognizes climat......【More】

2019-05-29

Venezuela falls to fourth-largest oil producer in Latin America

HOUSTON (Bloomberg) -- Venezuela, which sits atop more oil than Saudi Arabia, has fallen behind three other Latin American countries as years of mismanagement and lack of investments take its toll. The OPEC founding member produced 740,000......【More】

2019-05-21

Saudi Arabia claims oil tankers attacked as Iran tensions rise

DUBAI (Bloomberg) -- Saudi Arabia said two of its oil tankers were attacked while sailing toward the Persian Gulf, adding to regional tensions as the U.S. increases pressure on Iran. Crude rose as much as 2%. The tankers were damaged in a s......【More】

2019-05-14

Houston Ship Channel still not safe for passage to GOM after oil spill

WASHINGTON (Bloomberg) -- The U.S. Coast Guard said on Saturday its too early to estimate when the Houston Ship Channel can reopen after a collision that spilled about 9,000 bbl of a gasoline ingredient into the water. Fridays collision inv......【More】

2019-05-13

Iranian crude shipments slump as U.S. oil sanctions bite deeper

LONDON (Bloomberg) -- Irans oil shipments tumbled this month after the U.S. ended sanctions waivers that allowed eight governments to buy from the Persian Gulf country. So far, not a single ship has been seen leaving Irans oil terminals for......【More】

2019-05-10