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Oil

Oil supply seen outpacing demand, capping price

AP-heads-latest-OPEC - 19 min 52 sec ago
PARIS (AP) — The International Energy Agency says oil supply is set to outpace demand this year, keeping a lid on any expected price increases. (...)
Categories: Business News, Oil

2 killed, 8 injured in fire on Mexico offshore oil platform

AP-heads-latest-OPEC - 19 min 52 sec ago
MEXICO CITY (AP) — Mexico's state oil company says a fire that erupted on an oil platform in the Gulf of Mexico killed two workers and injured eight. (...)
Categories: Business News, Oil

Obama seeks $10-per-barrel oil tax to fund clean transport

AP-heads-latest-OPEC - Thu, 02/11/2016 - 3:00pm
WASHINGTON (AP) — President Barack Obama wants oil companies to pay a $10 fee for every barrel of oil to help fund investments in clean transportation that fight climate change. (...)
Categories: Business News, Oil

Judge rules out mentions of deaths at BP supervisor's trial

AP-heads-latest-OPEC - Thu, 02/11/2016 - 10:00am
BATON ROUGE, La. (AP) — Eleven men died in the 2010 rig explosion that led to BP's Gulf oil spill, but a jury will hear about only four during a rig supervisor's trial this month. (...)
Categories: Business News, Oil

Nigerian state petroleum company lost $1.3 billion in 2015

AP-heads-latest-OPEC - Thu, 02/11/2016 - 9:00am
LAGOS, Nigeria (AP) — Nigeria's state oil company lost 267 billion naira ($1.3 billion) in 2015, even as it tried to pump more oil to counter slashed world prices, the Nigerian National Petroleum Corp. said Thursday. (...)
Categories: Business News, Oil
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