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Energy markets mixed on higher U.S. crude oil inventories![]() Washington (UPI) Apr 25, 2018 Oil prices were mixed Wednesday on signs of declining U.S. petroleum inventories and the possibility the United States will extend the Iran nuclear deal. Brent oil futures were down 25 cents to 73.64 at 10 a.m. EDT. The June crude oil futures were up 3 cents to 67.73 at 10 a.m. EDT. On Tuesday night, the American Petroleum Institute reported a buildup of 1.1 million barrels of U.S. crude oil inventories last week, showing an unexpected weekly climb. Last week, the API reported a d ... read more |
Norway's Statoil attributes production gains to the United StatesWashington (UPI) Apr 25, 2018 Norwegian energy major Statoil said its average equity production for the first quarter was up 6 percent year-on-year, driven mostly by its U.S. work. ... more
Tullow Oil keeps offshore Africa expectations staticWashington (UPI) Apr 25, 2018 Robust production from an evolving basin off the coast of Ghana in West Africa wasn't enough to change the outlook for the year, Tullow Oil said. ... more
Libyan oil production moves higher for Hess CorpWashington (UPI) Apr 25, 2018 Production from Libyan assets during the first quarter of the year expanded exponentially from last year's levels, U.S. energy company Hess Corp. said. ... more
Iraq launches production at southern gas fieldBaghdad (AFP) April 25, 2018 Iraq said Wednesday it had launched commercial production at its Siba gas field in the southern province of Basra in a joint venture with Kuwaiti, Turkish and Egyptian firms. ... more |
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| Previous Issues | Apr 25 | Apr 24 | Apr 23 | Apr 20 | Apr 19 |
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Transocean rig continues North Sea tourWashington (UPI) Apr 23, 2018 A Transocean rig will be moving from an exploration well in the North Sea to frontier territory near existing oil and gas discoveries, Norway's government said. ... more
Shell holds tight to shale basin in ArgentinaWashington (UPI) Apr 24, 2018 The Vaca Muerta shale formation in Argentina has substantial growth potential remaining, Shell said Tuesday after it unloaded its downstream business. ... more
U.S. exporting more oil, but that could changeWashington (UPI) Apr 24, 2018 Market conditions are right for more U.S. oil exports, but that could change on seasonal factors and uncertainty about consumer demand, a market report found. ... more
Weatherford takes a loss in the first quarterWashington (UPI) Apr 24, 2018 Following its industry peer, Schlumberger, oilfield services company Weatherford said its revenue for the first quarter was lower despite the robust market. ... more
Oil prices stuck on now-what questionsWashington (UPI) Apr 24, 2018 Crude oil prices were searching for direction in early Tuesday trading as geopolitical risk tugged against potential risks on the demand side. ... more |
![]() High gas prices not yet crimping demand
Russia eyes free trade with IranWashington (UPI) Apr 24, 2018 An interim agreement with Iran could open the trade doors with members of the Eurasian Economic Union over the next four years, Russia's prime minister said. ... more |
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U.S. sanctions relief to Russia drags oil prices lowerWashington (UPI) Apr 23, 2018 Relief measures from U.S. sanctions on Russia rippled across the commodities sector Monday, sending crude oil prices down more than 1 percent in early trading. ... more
'Back-slider' Iraq keeps oil export levels steadyWashington (UPI) Apr 23, 2018 Iraq brought in nearly $6.5 million last month by exporting an average of nearly 3.5 million barrels of oil per day, the government said Monday. ... more
Iran considers currency swaps with TurkeyWashington (UPI) Apr 23, 2018 With sanctions pressure looming from the United States, the Central Bank for OPEC-member Iran said it was looking to swap currencies with neighboring Turkey. ... more
GasBuddy: With gas prices this high, it's no wonder Trump is concernedWashington (UPI) Apr 20, 2018 The surge in gas prices coming from higher crude oil prices means OPEC is cancelling out the gains of U.S. consumers from a tax break, GasBuddy said Friday. ... more
Arctic wilderness area in Alaska to be opened to drillingWashington (UPI) Apr 20, 2018 An initial step toward opening up an Arctic wilderness area in Alaska to oil and gas development unveils a revenue stream for the state, the governor said. ... more |
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Carbon capture could be a financial opportunity for US biofuels Stanford CA (SPX) Apr 24, 2018
Although considered critical to avoiding catastrophic global warming, the feasibility of removing carbon dioxide from the atmosphere and storing it underground - known as negative emissions - has been in question.
"There's really no scenario that meets the world's climate goals without negative emissions," said Katharine Mach, a senior research scientist at Stanford's School of Earth, Ener ... more |
Sea of solar panels turns Mexican desert green Viesca, Mexico (AFP) April 23, 2018
From a distance, it looks like a deep-blue sea has formed in the middle of the Mexican desert.
But this is no mirage - it's the largest solar park in Latin America.
With 2.3 million solar panels - covering the equivalent of 2,200 football fields in the arid northern state of Coahuila - the Villanueva power plant, built by Italian energy company Enel, is part of Mexico's push to genera ... more |
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US renewables firm takes Poland to court over U-turn on windmills Warsaw (AFP) April 24, 2018
A US renewable energy group Invenergy said on Tuesday it had begun international arbitration against Poland, claiming it stands to lose hundreds of millions of dollars (euros) after the EU country reneged on its commitments to build wind farms.
Between 2005 and 2015, Invenergy built 11 wind farms in Poland, investing "hundreds of millions of dollars of equity capital to develop and construc ... more |
Balancing nuclear and renewable energy Argonne IL (SPX) Apr 26, 2018
Nuclear power plants typically run either at full capacity or not at all. Yet the plants have the technical ability to adjust to the changing demand for power and thus better accommodate sources of renewable energy such as wind or solar power.
Researchers from the U.S. Department of Energy's (DOE) Argonne National Laboratory and the Massachusetts Institute of Technology recently explored t ... more |
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Surviving climate change, then and now Montreal, Canada (SPX) Apr 22, 2018
Trade and social networking helped our Homo sapiens ancestors survive a climate-changing volcanic eruption 40,000 years ago, giving hope that we will be able to ride out global warming by staying interconnected, a new study suggests.
Analyzing ancient tools, ornaments and human remains from a prehistoric rock shelter called Riparo Bombrini, in Liguria on the Italian Riviera, archeologists ... more |
Faster EV chargers to allay range anxiety Washington (UPI) Apr 23, 2018
Japanese energy company Marubeni Corp. said it would work in the U.S. market to deliver ultra-fast charging stations for electric vehicles.
The company said it was working through its U.S. subsidiary, a division of Volkswagen and Electrify America LLC on a $2 billion investment in electric vehicle infrastructure. Under the terms of the arrangement, Marubeni said it would collaborate wit ... more |
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IS threatens Iraq polling stations ahead of vote Baghdad (AFP) April 23, 2018 The Islamic State group has threatened to attack Iraqi polling stations and voters during parliamentary elections next month.
In a message posted to the Telegram messaging app on Sunday, IS spokesman Abu Hassan al-Muhajir called on Sunni Iraqis to boycott the May 12 polls, the first since Iraqi Prime Minister Haider al-Abadi declared victory over the jihadists in December.
"Oh Sunnis.. ... more |
US, Russian nuclear shift as dangerous as NKorean threat Geneva (AFP) April 19, 2018 A recent shift in nuclear weapons policies in the United States and Russia, involving upgrades, modernisation and growing arsenals is as dangerous as North Korea's nuclear threat, campaigners warned Thursday.
Beatrice Fihn, who heads the International Campaign to Abolish Nuclear Weapons (ICAN), hailed an upcoming summit between the United States and North Korean in what Washington hopes will ... more |
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Plan for new 'Hong Kong Town' in mainland China sparks backlash Hong Kong (AFP) April 25, 2018
A proposal to build a commuter town for Hongkongers in mainland China to solve a housing crisis was slammed Wednesday as ghettoising poorer residents and compromising the city's autonomy.
The MTR Corporation, which runs the city's railway network and acts as a property developer, has started talks with its state-run counterpart in China to explore areas in southern China that could be used ... more |
Climate change not the key driver of human conflict and displacement in East Africa London, UK (SPX) Apr 25, 2018
Over the last 50 years climate change has not been the key driver of the human displacement or conflict in East Africa, rather it is politics and poverty, according to new research by UCL.
Human displacement refers to the total number of forcibly displaced people, and includes internally displaced people - the largest group represented - and refugees, those forced to across international b ... more |
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Northrop Grumman to support Japan's E-2C Hawkeye Washington (UPI) Apr 20, 2018
Northrop Grumman was awarded a contract from the U.S. Navy for identifying friend or foe technology compatible with the E-2C Hawkeye.
The deal, announced Thursday by the Department of Defense, is valued at more than $51.8 million under the terms of a firm-fixed-price delivery order, which is a modification to a previous basic order agreement.
The contract from Naval Air Systems C ... more |
Apple, Ireland strike deal on 13-billion-euro tax payment Dublin (AFP) April 24, 2018
Ireland's government on Tuesday said it was signing a deal with Apple for the US tech giant to pay 13 billion euros ($16 billion) in back taxes as ordered by the European Commission.
The formal signature is expected later on Tuesday and the money will go into an escrow account, a type of third-party account used in transactions, the finance ministry said in a statement.
The money is expe ... more |
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Macron: Meeting Dalai Lama would spark 'crisis' with China Washington (AFP) April 25, 2018
French President Emmanuel Macron on Wednesday rejected the prospect of meeting with the Dalai Lama, saying doing so without consulting Beijing first would trigger a "crisis" with China's government.
Macron, speaking at a town hall with George Washington University students in the US capital at the tail end of his state visit, said he met in Paris with the "very inspiring" exiled Tibetan spir ... more |
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China fights big smog with big air purifier Xian, China (AFP) April 18, 2018
China has a found a novel way to tackle its massive air pollution problem: Putting up a giant air purifier the size of an industrial smokestack in the middle of a smog-plagued city.
Instead of pumping out billows of black smoke like the chimneys rising from factories in the northern province of Shaanxi, the 60-meter (197-foot) tall structure on the outskirts of the regional capital Xian blas ... more |
Chernobyl disaster zone lures tourists as visitor numbers boom Chernobyl, Ukraine (AFP) April 25, 2018
Camera? Check. Sunglasses? Check. And a Geiger counter? Check. For a growing number of thrill-seekers visiting Chernobyl's radiation-contaminated lands the device is used to help navigate the site of what remains the world's worst nuclear accident.
The uninhabited exclusion zone, a 30-kilometre (19-mile) radius around the former nuclear power station, has seen a surge in tourists in the pas ... more |
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