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North American rebound sends oil prices lower![]() ![]() New York (UPI) Jan 18, 2017 An expected rebound in North American oil activity offset reported declines elsewhere to send crude oil prices sharply lower early Wednesday. Crude oil is in the middle of a week of high volatility, characterized by sharp declines after Saudi Arabia pulled in the reins on a multilateral production deal, only to be followed by sentiment that the same production deal was having the desired impact. The Organization of Petroleum Exporting Countries agreed to limit production to 32.5 million ... read more |
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![]() Citing possible terrorism, Nigerian media reported Wednesday an oil pipeline was on fire less than a day after the vice president was in an oil-rich region. ... more ![]() ![]() The Church of England said Wednesday it added its voice to the chorus of those taking a stand on the fledgling shale natural gas industry in the country. ... more ![]() ![]() Automakers joined forces with some of the biggest oil companies in the world from Davos to put hydrogen forward as the next clean energy option. ... more ![]() ![]() A California oil and gas regulator said it could reopen a storage site that was the source of a durable gas leak, but not until after public hearings. ... more |
Previous Issues | Jan 18 | Jan 17 | Jan 16 | Jan 13 | Jan 12 |
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![]() With the energy sector recovering, Norwegian energy company Statoil said it awarded North Sea service contracts to Baker Hughes and Schlumberger. ... more ![]() ![]() Oil and natural gas activity off the British coast should wax and wane in the short-term after one of the industry's worst years, Wood Mackenzie finds. ... more ![]() ![]() After hinting at a new tax policy on the oil industry, the Russian government said nearly $2 billion will be set aside to help the economy. ... more ![]() ![]() The outlook for a sustained price point for crude oil prices in the mid-$50 range offset questions about OPEC commitments to send markets higher early Tuesday. ... more ![]() ![]() Africa-focused Tullow Oil said it plans more drilling after it made an oil discovery inland Kenya that's likely tied into existing hydrocarbon finds. ... more |
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![]() ![]() Norwegian oil and gas production up for the year ![]() ![]() Relief in the form of stagnant crude oil prices and a good outlook for the nation's refineries means U.S. gas prices edged a bit lower, a retail analysis found. ... more ![]() ![]() There's a significant resource base from African basins and new output is expected from operations closer to home in the North Sea, Cairn Energy said. ... more |
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