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Crude oil price lower as U.S. exports rise, China-related tensions linger

Energy News // 12 hours ago

Crude oil price lower as U.S. exports rise, China-related tensions linger

Dec. 10 (UPI) -- Oil prices fell early Monday as China-related tensions weighed on market, while the impact of the OPEC cuts was offset by rising U.S. output.

Eni to develop newly found 185M barrels of light oil offshore Angola

Energy News // 12 hours ago

Eni to develop newly found 185M barrels of light oil offshore Angola

Mexican president outlines plan to revert oil 'disaster'

Energy News // 14 hours ago

Mexican president outlines plan to revert oil 'disaster'

OPEC and non-OPEC nations agree on 1.2M barrel per day production cut

Energy News // 3 days ago

OPEC and non-OPEC nations agree on 1.2M barrel per day production cut

Crude oil prices rise on optimism of cuts, after U.S. draw report

Energy News // 3 days ago

Crude oil prices rise on optimism of cuts, after U.S. draw report

Dec. 7 (UPI) -- Oil prices rose early Friday on optimism that OPEC and non-OPEC nations could announce output cuts, and also to reflect a draw on United States inventories.

Saudi Arabia struggling to secure OPEC, non OPEC oil production cuts

Energy News // 3 days ago

Saudi Arabia struggling to secure OPEC, non OPEC oil production cuts

Dec. 7 (UPI) -- A meeting of the OPEC where announcements of production cuts had long been expected had so far Friday failed to yield to an accord to cut output.

Petrobras to expand domestic oil production by 10 percent in 2019

Energy News // 4 days ago

Petrobras to expand domestic oil production by 10 percent in 2019

Dec. 6 (UPI) -- Petrobras will increase its domestic oil output by 10 percent in 2019, and projects cost reductions in coming years on new deep drilling efficiency.

Crude lower on new China tensions, worries about OPEC meeting outcome

Energy News // 4 days ago

Crude lower on new China tensions, worries about OPEC meeting outcome

Dec. 6 (UPI) -- Crude prices fell early Thursday due to renewed U.S.-China trade tensions while the market awaited results of an OPEC meeting in Vienna, as well as EIA data.

Crude oil mixed as rise in stocks plays against expected OPEC cuts

Energy News // 5 days ago

Crude oil mixed as rise in stocks plays against expected OPEC cuts

Dec. 5 (UPI) -- Crude oil prices were mixed early Wednesday with concerns about rising inventories playing against expectations that OPEC will agree on production cuts

Australia's Melbana agrees with Cuba on plan to expand island's offshore production

Energy News // 5 days ago

Australia's Melbana agrees with Cuba on plan to expand island's offshore production

Dec. 5 (UPI) -- Australia's Melbana, which has exploration rights in the Cuban area called block 9, will now also work to enhance production from the Santa Cruz offshore field.

Crude oil prices stronger ahead of OPEC meeting

Energy News // 6 days ago

Crude oil prices stronger ahead of OPEC meeting

Dec. 4 (UPI) -- Crude oil prices looked stronger early Tuesday with ongoing speculation that OPEC may announce production cuts after Thursday's meeting.

Fuel prices down for eighth straight week, and two cents lower than a year ago

Energy News // 6 days ago

Fuel prices down for eighth straight week, and two cents lower than a year ago

Dec. 4 (UPI) -- U.S. fuel prices on Tuesday were lower than a year ago for the first time in 18 months, with the national average sitting at $2.46 per gallon -- 2 cents below last year.

Crude oil prices rise on China-U.S. trade talks, easing concerns of slowdown

Energy News // 1 week ago

Crude oil prices rise on China-U.S. trade talks, easing concerns of slowdown

Dec. 3 (UPI) -- Crude prices looked stronger early Monday after trade talks progress between the U.S. and China reduced concern about a trade barrier-caused economic slowdown.

Qatar pulls out of OPEC to focus on natural gas

Energy News // 1 week ago

Qatar pulls out of OPEC to focus on natural gas

Dec. 3 (UPI) -- Qatar, with 600,000 barrels of daily oil output, on Monday quit its membership in OPEC, after nearly six decades, to shift its focus to gas.

Excess supplies, rising U.S. exports weigh down crude oil prices

Energy News // 1 week ago

Excess supplies, rising U.S. exports weigh down crude oil prices

Nov. 30 (UPI) -- Crude oil prices were lower Friday amid ongoing concern that the market is unbalanced, growing production and record high exports from the United States.

Russian gas supplies to Europe up 6 percent this year, sets new record

Energy News // 1 week ago

Russian gas supplies to Europe up 6 percent this year, sets new record

Nov. 30 (UPI) -- Russia-owned Gazprom, the biggest gas supplier to Europe, has increased shipping to Europe by 6 percent this year after a record in 2017.

Crude oil prices rise as some see buying opportunities after overnight lows

Energy News // 1 week ago

Crude oil prices rise as some see buying opportunities after overnight lows

Nov. 29 (UPI) -- Crude oil prices were higher on Thursday morning, as investors saw opportunities following overnight lows when West Texas Intermediate dipped below $50 per barrel.

Petroperu dives deeper into debt as it pushes controversial refinery upgrade

Energy News // 1 week ago

Petroperu dives deeper into debt as it pushes controversial refinery upgrade

Nov. 29 (UPI) -- State oil company Petroperu received $1.3 billion from lenders as it pushes ahead with a controversial refinery project with costs that have soared from original estimates.

Petrobras sells stakes in Brazilian fields worth $823M to focus on deepwater

Energy News // 1 week ago

Petrobras sells stakes in Brazilian fields worth $823M to focus on deepwater

Nov. 28 (UPI) -- Brazil state owned company Petrobras is selling $823 million worth of onshore and shallow water offshore fields as it shifts its focus to deepwater.

Crude oil prices lower as market awaits news on interest rates, inventories

Energy News // 1 week ago

Crude oil prices lower as market awaits news on interest rates, inventories

Nov. 28 (UPI) -- Crude oil prices were lower early Wednesday with traders awaiting not just the release of inventory data by the EIA but also news on interest rates.

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