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Brent, WTI unable to hold rally

Brent, WTI unable to hold rally

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

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

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

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 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

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

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

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

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

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

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

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

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

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

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
Russia may go it alone on arctic exploration

Russia may go it alone on arctic exploration

Russian energy companies should join forces for exploration in the arctic as part of a strategy to counter Western sanctions, a Kremlin official said Thursday.
Daniel J. Graeber
Alaska awards oil and gas leases near ANWR

Alaska awards oil and gas leases near ANWR

Alaska's government said it was able to award oil and gas drilling licenses after clarifying authority near the border of the Arctic National Wildlife Refuge.
Daniel J. Graeber
U.S. oil exports at highest level since 1957

U.S. oil exports at highest level since 1957

The United States exported more crude oil than it has in more than 50 years, analysis from the U.S. Energy Information Administration finds.
Daniel J. Graeber
More U.S. funding targets solar energy research

More U.S. funding targets solar energy research

Solar energy in the United States is becoming a major part of the nation's power sector as installation costs decline, Energy Secretary Ernest Moniz said.
Daniel J. Graeber
Moscow investigating crash involving Total boss

Moscow investigating crash involving Total boss

A Moscow court announced the Thursday arrest of the driver of the snowplow involved in the runway incident that left Total CEO Christophe de Margerie dead.
Daniel J. Graeber
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