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  Houston (UPI) Dec 30, 2016 Less than half of oil industry survey respondents expect OPEC to make good on its promise to cut production in 2017, the Federal Reserve Bank of Dallas found. Starting next week, the Organization of Petroleum Exporting Countries and non-member parties to an agreement like Russia are expected to cut oil production collectively by about what OPEC economists expect in demand growth next year. The move is meant to balance a market that was influenced by oversupply in early 2016. A survey fro ... read more |
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Russia's finance minister sees growth aheadWith oil prices recovering, growth in the Russian economy may be twice as high as official government estimates, the country's finance minister said. ... more 
Last day for fabled New York 'outcry' commodity tradingIt's the end of an era and another sign of digital dominance: Friday is the final day screaming, gesturing traders can buy and sell commodities, including oil, on a trading floor in New York. ... more 
More drilling scheduled offshore NorwayOffshore Norway continued its trajectory for expanded oil and gas exploration work, with the government signing off on two new programs. ... more 
Denmark's largest gas field to closeThe lack of a viable economic solution for the largest natural gas field in the Danish North Sea means production will end in late 2018, Maersk Oil said. ... more |
| Previous Issues | Dec 30 | Dec 29 | Dec 28 | Dec 27 | Dec 26 |
 
 
Tempur-Pedic Mattress Comparison & Memory Foam Mattress Review |
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More oil possible from NigeriaA minority player in OPEC-member Nigeria said it was able to stimulate crude oil production at one of its operating areas by about 15 percent. ... more 
Prospects for Irish explorer Circle Oil dwindleIrish exploration company Circle Oil said its listing on the London stock exchange will be canceled by the end of the week amid financial strains. ... more 
Chinese oil metric paints mixed demand pictureA metric used to gauge Chinese oil demand was slightly higher than last year, though there are signs economic performance is slowing, an industry report said. ... more 
Divestment streak for Petrobras continuesBrazil's state-run oil company said it closed on the sale of a refinery on the Japanese island of Okinawa as its divestment streak continues. ... more 
Gazprom offers loan for Turkish gas pipelineRussian energy company Gazprom said it approved financing of up to $320 million to help build a natural gas pipeline planned through Turkey. ... more |
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 Economy strained for OPEC-member Angola 
Poland on defense against Russian gas supplierA Polish natural gas company said it would use any means necessary to ensure its energy sector is secured from the domination of Russian suppliers. ... more 
Russian banker says economy can handle $45 per barrel oilThere will be few pressures on the Russian economy so long as the price for crude oil stays above $45 per barrel, the head of one of Russia's largest bank said. ... more |
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There has been some thought among those in the fields of forestry and rural development that biomass processing plants might offer an economic boost to rural communities.
But a new study by economists at Oregon State University suggests the costs are simply too steep for a biomass operation to be sustainable without subsidies.
"There's a lot of interest in focusing on the use of ... more Molecular Velcro boosts microalgae's potential in biofuel, industrial applications Ultrafast lasers reveal light-harvesting secrets of photosynthetic algae People willing to pay more for new biofuels |
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Japanese electronics corporation Panasonic and energy storage company Tesla announced plans to start producing solar power components at a factory in New York.
Buffalo, N.Y., will serve as a manufacturing base for the production of solar components that will first service sectors outside Tesla's solar-roof products.
"When production of the solar roof begins, Tesla will also incor ... more Ohio keeps renewable energy standards Blue Oak Energy and Sun Air Solar complete additional 808kW PV System Tenth Year of Consecutive Global Growth for PV Demand, IHS Markit Says |
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A rule change means consumers in Alberta can have more flexibility when it comes to how they generate their own forms of green electricity, the government said.
The provincial government amended regulations governing low-carbon power sources to allow for more flexibility in grid connectivity and power limits, increasing micro-generation size limits from 1 megawatt to 5 MW.
The go ... more Offshore wind makes U.S. debut Apple invests in China wind farms German energy company plants wind farm seed in Texas |
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Physicists from MIPT and the Joint Institute for High Temperatures of the Russian Academy of Sciences described the mobility of line defects, or dislocations, in uranium dioxide. This will enable future predictions of nuclear fuel behavior under operating conditions. The research findings were published in the International Journal of Plasticity.
Nuclear fuel has an immense potential, as i ... more Battling energy crisis, Pakistan turns on fourth nuclear plant Report finds additional radioactive materials in gas-well drill cuttings Chemistry research breakthrough that could improve nuclear waste recycling technologies |
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Exxon Mobil CEO and U.S. secretary of state nominee Rex Tillerson should testify before the inauguration on his climate change knowledge, lawyers said.
Lawyers representing more than a dozen U.S. teens called on Tillerson to testify in a case arguing there is a "fundamental constitutional right to a climate system capable of sustaining human life." A notice to testify was served on Sidl ... more Seizing environmental opportunities under a Trump presidency Climate report says 2016 on pace to be hottest year yet Glee to gloom: Climate and the 'Trump effect' |
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Charging stations along the U.S. highway system and advances for school bus fleets are getting the bulk of new alternative vehicle funding, the government said.
The U.S. Energy Department said it was putting $18 million in support forward for projects aimed at developing electric and other hybrid vehicle technology.
"Public investment in advanced, energy efficient transportation ... more China fines GM unit $29 million for 'price-fixing' Volkswagen reaches emissions agreement with 3-liter car owners Uber puts brakes on self-driving cars in California |
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  Iraqi forces are fighting a muddy street battle against jihadists in southeastern Mosul, facing suicide bombers on the ground and a drone that can drop explosive charges from above.
Baghdad's forces have overwhelming firepower and numbers in Mosul, but the Islamic State group has a vast city in which to launch ambushes, plant bombs and try to make the battle as slow and costly as possible. ... more Iraq forces in 'second phase' of east Mosul battle: commander Saddam still haunts Washington, 10 years after his death Frightened civilians flee as Iraq forces battle IS in Mosul |
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India's Defense Research and Development Organization completed a test for its Agni-V ballistic missile, leading China to question the country's intentions.
The test marked the fourth demonstration of the weapon, which is capable of carrying a nuclear warhead at a range of over 3,100 miles The Hindu reported. The Defense Research and Development Organization hailed the event as a "huge ... more N. Korea plans nuclear push in 2017: top defector Final U.S. ship transferred to South Korean navy decommissioned Kim says N. Korea in 'final stages of test launching ICBM' |
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Nine residents of the Chinese "rebel" village of Wukan have been jailed for "disrupting social order" after September protests against officials turned violent, leading police to shut down the settlement and impose a media blackout.
Wukan, a 13,000-strong fishing village in the southern province of Guangdong, became a symbol of resistance against corruption after a mass uprising over alleged ... more Hong Kong's ousted anti-China lawmakers make final appeal over ban Born again: baby boom after China ends one-child rule Dalai Lama will not visit Mongolia again: govts |
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  A US market regulator is probing the sale of $850 million in Mozambique government bonds used to purchase military equipment, which involved three major banks, according to a person with knowledge of the matter.
The Securities and Exchange Commission is seeking information from investors on the 2013 bond issue which was arranged by Credit Suisse and the Russian bank VTB Group on behalf of a ... more Guinea soldier wanted over stadium massacre appears in court Nigerian army 'crushes' Boko Haram in key stronghold UN cancels controversial Gambia army chief's Darfur visit |
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  Russian rescuers working round the clock have found the main black box from the Syria-bound military plane that crashed into the Black Sea with 92 people on board, authorities said Tuesday.
The defence ministry said the box, which could provide vital clues as to why the Tu-154 jet crashed, was discovered early Tuesday only 1,600 metres from the shore and 17 metres under the surface and was i ... more South Korea deploys AH-64E Apache helicopters for training Sikorsky funded for Phase III of DARPA's ALIAS program Lockheed Martin contracted for South Korean F-35 integration work |
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China had "real cause for concern" after US President-elect Donald Trump chose outspoken China critic Peter Navarro for a top trade position, Chinese media reports said Friday, as they warned of a potential trade war.
Trump has picked Navarro to head the White House National Trade Council, a new office that will oversee trade and industrial policy, in the latest sign he is moving ahead with ... more China manufacturing growth slows US returns Alibaba website to counterfeits blacklist Toshiba shares fall 20% after it flags one-off loss |
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Chinese growth stabilised in the third quarter, data showed Wednesday, as ample credit and hot property markets propped up the world's second-largest economy.
But while the forecast-beating reading was in line with state targets, it came as experts warned that authorities have relied too much on easy credit, which has in turn increased financial risks.
The economy grew 6.7 percent in Jul ... moreChina data and US banks propel equities higher No debt-for-equity cure for zombie firms, says China China's ranks of super-rich rise despite economic slowdown |
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Incoming UN Secretary-General Antonio Guterres said he wants to meet Donald Trump "as soon as possible" and is "determined to establish a constructive dialogue with the new US administration".
Guterres, who met with Russian President Vladimir Putin at the end of last month, said he hoped for a similar outcome with the American President-elect.
The former Portuguese prime minister takes o ... more India bans foreign funds of 20,000 charities: official McCain calls for permanent US troops in Baltics This is a drill: British army returns to Hong Kong |
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Madrid's city hall announced Wednesday it had ordered half of most private cars off the roads to fight a particularly bad bout of pollution, a first in Spain.
From Thursday, between 0530 GMT and 2000 GMT, "vehicles with even-number registration plates will be allowed to drive around on even-number days and cars with odd-number registration plates on odd-number days," it said in a statement. ... moreMadrid lifts partial car ban as pollution eases RIT researchers estimate 10,000 metric tons of plastic enter Great Lakes every year Obama criticized after monument designation |
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Cypriot President Nicos Anastasiades on Saturday urged Turkey to live up to its responsibilities and help to reunify the divided island when crucial peace talks resume next month in Switzerland.
Anastasiades and Turkish Cypriot leader Mustafa Akinci are to hold talks in Geneva from January 9 after negotiations broke down last month.
If all goes well they will be joined on January 12 by t ... more US prosecutors ask Alexa: whodunit? A 2016 love story: the Macedonian cop and the Iraqi refugee 'Tiny earthquakes' help scientists predict mountain rock falls |
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