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Sunday, November 17, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: oil

Iran discovers new oil field with over 50 billion barrels

Iran’s president says a new oil field has been discovered with an estimated 50 billion barrels of crude oil.

UPDATED: Wed., Sept. 18, 2019

Spokane gas prices rise slightly after attacks on Saudi oil facilities

Gas prices in Spokane rose about 3 cents a gallon in the days following attacks on two Saudi oil refineries, according to data from

UPDATED: Thu., Aug. 29, 2019

US proposing easing rules on climate-changing oil emissions

The Environmental Protection Agency on Thursday proposed revoking Obama-era regulations on climate-changing methane leaks from many oil facilities, a move that environmental groups said was meant to renounce the agency’s …

UPDATED: Wed., May 29, 2019

Spokane marijuana business owner illegally sold wax and traded hundreds of pounds of weed for new car, police say

The owner of a local marijuana growing operation is facing criminal charges for allegedly selling large quantities of “weed wax” illegally.

UPDATED: Tue., May 7, 2019

Iraq planning $53B megaproject with ExxonMobil, PetroChina

Iraq is planning a $53 billion megaproject with global energy giants ExxonMobil and PetroChina to use seawater from the Persian Gulf to boost oil production, Prime Minister Adel Abdul-Mahdi announced …

New Day Cannabis focuses on providing safer selections

‘Clean cannabis,’ free of all pesticides or contaminants, has been something many health-conscious consumers have requested and many growers have strived for.

UPDATED: Tue., March 5, 2019

Exxon, Chevron raise production forecast in Texas-New Mexico

The fracking boom is gaining speed in the Permian Basin of west Texas and New Mexico, as Exxon Mobil and Chevron are primed to sharply boost oil production in the …

UPDATED: Sat., Jan. 19, 2019

Mexican pipeline explosion kills 71, leaves nightmare of ash

Gerardo Perez returned Saturday to the scorched field in central Mexico where he’d seen an illegal pipeline tap burst into flames to see if he could recognize missing friends. He …

UPDATED: Fri., Dec. 7, 2018

Bull’s eye on Permian Basin on New Mexico-Texas border as oil prices rise

Some of the largest energy companies in the U.S. have already invested billions of dollars on claims up and down the Texas-New Mexico state line, tapping one of the nation’s …

UPDATED: Fri., Dec. 7, 2018

U.S. just became a net oil exporter for the first time in 75 years

The shift to net exports is the dramatic result of an unprecedented boom in American oil production, with thousands of wells pumping from the Permian region of Texas and New …

UPDATED: Fri., Nov. 9, 2018

Federal judge blocks Keystone Pipeline XL in major blow to Trump administration, citing disregard of climate issues

A federal judge’s ruling this week blocking the controversial Keystone XL pipeline constitutes a rebuke of President Donald Trump, who signed an executive order days into his presidency restarting the …

UPDATED: Sun., Oct. 28, 2018

Oil refiners invest millions to fight carbon-fee initiative – and would see big payoff if their campaign wins

Four oil companies that operate Washington refineries have invested more than $23 million to defeat Initiative 1631, the carbon fee on the fall ballot.

UPDATED: Wed., Sept. 12, 2018

U.S. ‘likely’ has taken over as the world’s top oil producer

The United States may have reclaimed the title of the world’s biggest oil producer sooner than expected.

UPDATED: Fri., July 13, 2018

U.S. expected to become world’s top oil producer next year

The U.S. has nosed ahead of Saudi Arabia and is on pace to surpass Russia to become the world’s biggest oil producer for the first time in more than four …

UPDATED: Fri., June 22, 2018

OPEC countries to pump more oil to contain price increase

The countries of the OPEC cartel agreed on Friday to pump 1 million barrels more crude oil per day, a move that should help contain the recent rise in global …

County sues top oil companies for downplaying global warming

King County is suing five major oil companies after it says the companies deliberately looked to downplay and discredit scientific warnings about the risks of global warning.

New rules would make it easier to find oil – and noisier for whales

For decades, environmental rules that protected whales and other marine life from this cacophony have limited the location and frequency of these blasts – preventing oil companies from exploring, and …

UPDATED: Wed., April 11, 2018

Banks and technology stocks fall; oil rises to 3-year high

Companies including banks and technology and health care firms fell Wednesday after U.S. stocks had surged the day before. Oil prices hit a three-year high after President Donald trump tweeted …

UPDATED: Wed., April 4, 2018

Bahrain’s largest oil find estimated at 80 billion barrels

The small island-nation of Bahrain on Wednesday announced the discovery of 80 billion barrels of shale oil, its largest oil and gas find ever.

Iran signs $740 million agreement on oil project

Iran’s state-run oil company has signed a $740 million agreement with a Russian-Iranian consortium to develop two oil fields near the Iraqi border.

UPDATED: Mon., March 5, 2018

U.S. oil expected to meet most of world’s growth in demand

A global energy watchdog says booming production in the United States will meet 80 percent global growth in demand for oil over the next five years.

U.S. oil output surge ‘reminiscent’ of run-up to 2014 crash, watchdog says

The International Energy Agency, a policy adviser to countries, said in its monthly report that “in 2018, fast rising production in non-OPEC countries, led by the U.S., is likely to …

UPDATED: Fri., Jan. 19, 2018

U.S. oil output is booming, projected to outpace Saudis, Russia

U.S. oil production is booming and is forecast to top that of heavyweight Saudi Arabia and rival Russia this year, a global energy agency said Friday.

Oil and gas leases sold beneath Montana coal mine

A Wyoming company has purchased federal leases that would allow it to explore for oil and gas beneath the site of a Montana coal mine.

China denies improper NK oil supplies after Trump criticism

China on Friday denied violating U.N.-imposed limits on oil supplies to North Korea after U.S. President Donald Trump criticized Beijing for allowing oil to reach the North.

UPDATED: Thu., Dec. 28, 2017

Trump criticizes China after report of NKorea oil transfer

President Donald Trump criticized China on Thursday following reports that Chinese ships transferred oil to North Korean vessels at sea in violation of U.N. sanctions over the North’s nuclear weapons …

UPDATED: Tue., Dec. 12, 2017

U.S. stock indexes mostly higher in early trade; oil falls

U.S. stocks edged mostly higher in early trading Tuesday as investors sized up the latest company earnings and deal news. Gains by banks and health care companies outweighed losses among …

OPEC, allies extend production cut through 2018

The OPEC cartel and a group of allied oil-producing nations agreed Thursday to extend crude output cuts until the end of next year, continuing a policy that led to a …

Venezuela arrests top oil officials in corruption probe

Venezuelan authorities on Thursday arrested two former top officials in a widening corruption probe into the state-run oil industry that some see as an attempt by President Nicolas Maduro to …

UPDATED: Fri., Nov. 24, 2017

S African company pulling out of natural gas to liquid fuels

A South African energy and chemical company says it’s dropping plans for a $14 billion U.S. plant to convert natural gas to liquid fuels because of low oil prices and …