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Brent, WTI unable to hold rally

Brent, WTI unable to hold rally

NEW YORK, Oct. 24 (UPI) -- Brent crude oil prices for December delivery were unable to maintain momentum Friday, with the international benchmark falling off around $1 per barrel.
Daniel J. Graeber
Producers call for end to oil export ban

Producers call for end to oil export ban

WASHINGTON, Oct. 24 (UPI) -- Lifting a crude oil export ban will drive prices down at home while increasing U.S. leverage overseas, an adviser advocating on behalf of oil producers said.
Daniel J. Graeber
British frack plans delayed by county council

British frack plans delayed by county council

PRESTON, England, Oct. 24 (UPI) -- Planners in the British county of Lancashire said they needed more time to consider drilling plans form shale pioneer Cuadrilla Resources.
Daniel J. Graeber
Report: U.S. on path to energy independence

Report: U.S. on path to energy independence

HOUSTON, Oct. 24 (UPI) -- The United States is on the path to energy independence because it's producing more reserves than it consumes, analysis from Wood Mackenzie finds.
Daniel J. Graeber
Russian currency crashes

Russian currency crashes

MOSCOW, Oct. 24 (UPI) -- Moscow trading data for Friday show the Russian currency hit an all-time low against the U.S. dollar as the economy struggles under energy-related sanctions.
Daniel J. Graeber
Construction starts on Cameron LNG plant

Construction starts on Cameron LNG plant

HACKBERRY, La., Oct. 24 (UPI) -- Construction began in Louisiana on a plant cleared to export around 1.7 billion cubic feet of U.S. natural gas per day, joint venture partners said.
Daniel J. Graeber
Statoil to explore offshore Australia

Statoil to explore offshore Australia

ADELAIDE, Australia, Oct. 24 (UPI) -- Norwegian energy company Statoil said Friday it was expanding its footprint off the Australian coast with an exploration permit for natural gas.
Daniel J. Graeber
More arrests in de Margerie crash

More arrests in de Margerie crash

MOSCOW, Oct. 24 (UPI) -- A Moscow court Friday said an air traffic controller will stay jailed until December during a probe into a crash that left the CEO of French company Total dead.
Daniel J. Graeber
3 dead in Azeri rig collapse

3 dead in Azeri rig collapse

BAKU, Azerbaijan, Oct. 24 (UPI) -- At least three people were killed when an offshore drilling platform collapsed in the Azeri waters of the Caspian Sea, a government ministry declared.
Daniel J. Graeber
Barroso: EU climate change mettle unrivaled

Barroso: EU climate change mettle unrivaled

BRUSSELS, Oct. 24 (UPI) -- A package of goals for addressing climate change shows the ambition among European member states is unrivaled, the European commission president said Friday.
Daniel J. Graeber
WTI avoids falling below $80 per barrel

WTI avoids falling below $80 per barrel

NEW YORK, Oct. 23 (UPI) -- An expected cut in Saudi crude oil production and reports of higher U.S. output helped keep the price for West Texas Intermediate above $80 in Thursday trading.
Daniel J. Graeber
Oil not only Islamic State target, advocacy group says

Oil not only Islamic State target, advocacy group says

WASHINGTON, Oct. 23 (UPI) -- Action beyond hitting the Islamic State's oil revenues with bombs in Syria is needed if the campaign is to succeed, a peace advocacy group said.
Daniel J. Graeber
BP, GDF Suez make North Sea oil find

BP, GDF Suez make North Sea oil find

LONDON, Oct. 23 (UPI) -- French energy company GDF Suez and British counterpart BP said Thursday they made a significant new oil discovery in the central waters of the North Sea.
Daniel J. Graeber
Texas shale lifts Oxy output

Texas shale lifts Oxy output

LOS ANGELES, Oct. 23 (UPI) -- Occidental Petroleum Corp. said Thursday its quarterly production was boosted by Texas shale, but income was down for the third quarter.
Daniel J. Graeber
Continental Resources declares win in Oklahoma basin

Continental Resources declares win in Oklahoma basin

OKLAHOMA CITY, Oct. 23 (UPI) -- The Springer reserve area in Oklahoma is emerging as one of the premier oil basins in the region, Continental Resources said Thursday.
Daniel J. Graeber
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