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Tight market signs give boost to oil prices![]() New York (UPI) Jan 19, 2017 Crude oil prices recovered some lost ground in early Thursday trading after the International Energy Agency found signs of market tightening. Crude oil prices have moved in wide swings this week as metrics and sentiments emerged on how well members of the Organization of Petroleum Exporting Countries were coordinating on a production agreement meant to offset the glut of oil that dinged the energy market last year. A report Wednesday from OPEC that North American oil producers were recov ... read more |
Saudi economic agenda tied to human rightsAn economic agenda in Saudi Arabia, Vision 2030, which aims to boost non-oil revenue could lead to a better human rights record, the United Nations said. ... more
Lundin Petroleum sharpens focus offshore NorwayEven though it was forced to take a hit on fourth quarter results, Lundin Petroleum said it was primed for growth as it focuses heavily on offshore Norway. ... more
IEA: U.S. shale oil 'leaner and fitter'The U.S. shale oil industry has emerged from the recent market contraction leaner and more efficient, the International Energy Agency said. ... more
Russia's Gazprom shows gains on stronger European salesRussia's state-control natural gas company Gazprom said Thursday it posted a profit for the third quarter on the back of stronger European sales. ... more |
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Former oil executive jailed for 12 years for graftA former top official with state-owned China National Petroleum Corp (CNPC) was sentenced to 12 years for corruption Thursday, the latest prison term meted out to one-time allies of the country's jailed ex-security chief. ... more
So-so future for British North SeaOil 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
Russia hints at economic stimulusAfter 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
North American rebound sends oil prices lowerAn expected rebound in North American oil activity offset reported declines elsewhere to send crude oil prices sharply lower early Wednesday. ... more
Fire reported at Nigerian oil pipelineCiting 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 |
![]() Face value for OPEC deal lifts oil prices
Tullow Oil plans more drilling in KenyaAfrica-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
Church of England weighs in on shaleThe 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 |

Researchers at the Department of Energy's Oak Ridge National Laboratory (ORNL) have released the largest-ever single nucleotide polymorphism (SNP) dataset of genetic variations in poplar trees, information useful to plant scientists as well as researchers in the fields of biofuels, materials science, and secondary plant metabolism.
For nearly 10 years, researchers with DOE's BioEnergy Scie ... more Handheld Sensor Unit Determines Biofuel Content Of Diesel Blends Dual-purpose biofuel crops could extend production, increase profits Iowa State engineer helps journal highlight how pyrolysis can advance the bioeconomy |
Falling costs, driven by innovation in technology and policy, is spurring renewable energy deployment and with it a myriad of socioeconomic benefits, according to the new comprehensive publication released by the International Renewable Energy Agency (IRENA). REthinking Energy, now in its third edition, was released at IRENA's seventh Assembly, the Agency's ultimate decision-making authority. ... more Astronergy receives licence to import 100 MW of solar modules to Turkey Rooftop Solar in the Spotlight at the World Future Energy Summit Solar Expo Saudi to launch multi-billion renewable scheme: minister |
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Thousands of acres offshore North Carolina are set aside for potential wind energy in one of the final moves under the Obama presidency, the government said.
"This is a significant milestone for North Carolina and our country as we continue to make progress on diversifying our nation's energy portfolio," Walter Cruickshank, the acting director of the Bureau of Ocean Energy Management, s ... more DNV GL certifies new prototype of Siemens' 8 MW Offshore Wind Turbine DONG Energy makes wind energy debut New York sets bar high for offshore wind |
AREVA NP signed a multimillion-dollar agreement with the Tennessee Valley Authority (TVA) to provide fleet-wide refuel equipment upgrades. Under this contract, AREVA NP will upgrade existing refueling platforms, manipulator cranes, fuel transfer systems and used fuel bridge components. This modern equipment will help operators increase efficiency, strengthen performance and reduce time when rece ... more Portugal protests against Spain nuclear waste near border France sells off Engie stake to finance Areva rescue UK asks regulators to assess Chinese nuclear reactor |
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Last year, the Earth sweltered under the hottest temperatures in modern times for the third year in a row, US scientists said Wednesday, raising new concerns about the quickening pace of climate change.
Temperatures spiked to new national highs in parts of India, Kuwait and Iran, while sea ice melted faster than ever in the fragile Arctic, said the report by the National Oceanic and Atmosphe ... more Nothing to eat but cactus in Madagascar's hunger capital Climate science bedeviled by 'tipping points' Trump environment pick admits to human impact on climate change |
New Zealand's government said Thursday it was setting aside more than $2 million to help stimulate the electric-vehicle market in the country.
Energy and Resources Minister Judith Collins said more than a dozen projects will be targeted with a $2.5 million fund to incentivize the electric vehicle market.
"The funding will provide up to 50 percent funding for projects that will de ... more German MPs to grill VW ex-boss over 'Dieselgate' Bikeshare cycles dumped en masse in China US closes probe into fatal Tesla autopilot crash, no defect found |
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Iraqi forces battled the last holdout jihadists in east Mosul Thursday after commanders declared victory there and quickly set their sights on the city's west, where more tough fighting awaits.
The announcement that the left bank of the Tigris River that divides Mosul had been retaken was a key milestone in an offensive that began three months ago but could yet last several more.
Staff G ... more In Iraq's Mosul, university a casualty of anti-IS war Iraq forces retake IS-bombed 'Jonah's tomb' in Mosul Life and business return to parts of Iraq's Mosul |
EU foreign affairs head Federica Mogherini on Monday insisted the bloc will stand by the Iran nuclear accord, bluntly condemned by US President-elect Donald Trump, because it serves Europe's security needs.
"It is proof that diplomacy works and delivers... The European Union will continue to work for the respect and implementation of this extremely important deal, most of all for our securit ... more Trump to take charge of nuclear 'football' N. Korea preparing to launch new missiles: report Obama warns Trump not to jettison Iran nuclear deal |
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Hong Kong is home to a host of democracy activists angering China but one rabble-rouser - a silver-haired former radio host - has been embraced by Beijing for targeting supporters of a split from the mainland.
Straight-talking and a seasoned media operator, Robert Chow is Hong Kong's most prominent pro-Beijing activist, best-known for orchestrating a public campaign against massive democra ... more Hong Kong leader slams independence movement in final speech Hong Kong's 'Mr Pringles' announces leadership bid Hong Kong activists declare 'war' after appeal bid snub |
A mutinous soldier was killed in Ivory Coast's administrative capital Tuesday, as fresh trouble erupted in several cities after troops took to the streets, firing shots in the air and terrifying residents.
The soldier's death in Yamoussoukro was the first since a mutiny over pay erupted in the second city Bouake on January 5, stoking security fears in the world's top cocoa producer.
Init ... more Gambia army chief says troops will not fight intervention I.Coast rocked by protests as deadly army mutiny spreads New Gambia president demands army loyalty |
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Researchers here have made a discovery in materials science that sounds like something from the old Saturday morning cartoon Super Friends: They've found a way to deactivate "nano twins" to improve the high-temperature properties of superalloys that are used in jet engines.
The advance could speed the development of powerful and environmentally friendly turbine engines of all sorts, includ ... more Taiwan begins F-16 upgrade program Mystery remains as MH370 search called off Australia defends end of MH370 search, future hunt not ruled out |
Chinese President Xi Jinping presented himself as a champion of globalisation Tuesday, lecturing the world elite in Davos on the dangers of protectionism and the futility of trade wars
The leader of the world's second largest economy became the first Chinese president to address the World Economic Forum, where 3,000 well-heeled delegates from government, business, science and the arts have g ... more First 'Silk Road' train arrives in UK from China Distraught Davos finds globalisation saviour in China's Xi China's richest man warns Trump against trade war |
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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 ... more China 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 |
Poland outlined major defence spending including an anti-missile system, helicopters and jet fighters on Wednesday, coinciding with concern over NATO and US policy from a new White House.
Eager to shore up the alliance's eastern flank, Polish media reports say military chiefs are in the market for around 100 used US Air Force planes.
Defence Minister Antoni Macierewicz told reporters in ... more Saudi Arabia sees China rise as stabilising Cambodia says China not behind scrapped US military drill Pentagon prepares new military options for Trump |
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Children and adolescents in mainland China are facing two serious and conflicting public health threats: ongoing exposure to air pollution and an increasingly sedentary lifestyle with little regular physical activity outside school.
Health workers and policymakers need to find ways to address both of these issues so that children can be more physically active without suffering the health r ... more China tells local meteorological bureaus to stop smog alerts Trump could enact sweeping changes to environment policy Researchers develop environmentally friendly soy air filter |
Nigeria on Thursday gave details of a formal probe into a botched air strike that killed at least 70 people, as aid workers feared the bloodshed could affect vital humanitarian programmes.
More than 100 people, many of them children, were injured in the bombing at a camp for people displaced by the Boko Haram insurgency in Rann, in the country's northeast, on Tuesday.
Six local Red Cross ... more Death toll in botched Nigeria air strike soars to 70 Fukushima 'voluntary' evacuees to lose housing support BHP, Vale agree date to settle Brazil mine disaster claim |
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