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BP to be more transparent about climate efforts amid investor concerns

Energy News // 2 weeks ago

BP to be more transparent about climate efforts amid investor concerns

Feb. 1 (UPI) -- BP on Friday announced plans to increase disclosure on its efforts to fight climate change after requests from two groups of investors.

Crude oil prices rise early Friday amid supply concerns

Energy News // 2 weeks ago

Crude oil prices rise early Friday amid supply concerns

Oil nearly flat in pause after previous session's gains

Energy News // 2 weeks ago

Oil nearly flat in pause after previous session's gains

Petrobras sells Chevron $350M Texas plant bought for $1.2B

Energy News // 2 weeks ago

Petrobras sells Chevron $350M Texas plant bought for $1.2B

Oil prices rise amid ongoing concern about Venezuela

Energy News // 2 weeks ago

Oil prices rise amid ongoing concern about Venezuela

Jan. 30 (UPI) -- Oil prices rose Wednesday amid expectations that Venezuelan oil shipments would see some disruption following U.S. sanctions.

IEA: Greater use of rail would save energy, lower emissions

Energy News // 2 weeks ago

IEA: Greater use of rail would save energy, lower emissions

Jan. 30 (UPI) -- Increased railway use would save energy, help the environment, and also be safer, according to reports prepared by international environmental experts.

Crude oil prices rise amid renewed Venezuela concerns

Energy News // 2 weeks ago

Crude oil prices rise amid renewed Venezuela concerns

Jan. 29 (UPI) -- Oil prices were higher early Tuesday amid renewed concern about Venezuelan supplies but market worries about China-U.S. trade issues prevented higher gains.

U.S. fuel prices near last month's levels, unlikely to change

Energy News // 2 weeks ago

U.S. fuel prices near last month's levels, unlikely to change

Jan. 29 (UPI) -- Average fuel prices in the United States started the week at $2.26 per gallon, showing little change from the last month or last week, and may remain flat.

Venezuela's Guaido to name new boards of PDVSA and Citgo

Energy News // 2 weeks ago

Venezuela's Guaido to name new boards of PDVSA and Citgo

Jan. 29 (UPI) -- Venezuela's President of the National Assembly, Juan Guaido, will name new director boards at state oil company PDVSA and its United States subsidiary Citgo.

Major companies, cities buying into Texas' green energy boom

Energy News // 3 weeks ago

Major companies, cities buying into Texas' green energy boom

Jan. 28 (UPI) -- The U.S. wind industry is in a scramble to get a batch of turbine farms running in the next two years, before the federal government phases out a key tax credit.

Oil prices fall on rising U.S. rigs, fading Venezuelan risk

Energy News // 3 weeks ago

Oil prices fall on rising U.S. rigs, fading Venezuelan risk

Jan. 28 (UPI) -- Oil prices fell Monday as the number of rigs in the United States saw a weekly rise, analysts said

State oil ADNOC sells 35 percent in refining to Eni, OMV

Energy News // 3 weeks ago

State oil ADNOC sells 35 percent in refining to Eni, OMV

Jan. 28 (UPI) -- ADNOC sold a 20 percent state in its refinery operations to Italy's Eni and 15 percent to OMV, from Austria in one of the biggest refinery transactions ever.

Refineries, investors fear crude shortages over possible Venezuela sanctions

Energy News // 3 weeks ago

Refineries, investors fear crude shortages over possible Venezuela sanctions

Jan. 24 (UPI) -- An unexpected rise in U.S. crude inventories offset fears of potential risk to Venezuelan crude supply because of possible U.S. sanctions.

Oil rises after report on possible China talks concessions

Energy News // 1 month ago

Oil rises after report on possible China talks concessions

Jan. 18 (UPI) -- Oil prices rose early Friday trailing equity gains late Thursday that followed a report about possible concessions ahead in U.S. trade talks with China.

IEA doubts Russia's commitment to OPEC accord

Energy News // 1 month ago

IEA doubts Russia's commitment to OPEC accord

Jan. 18 (UPI) -- The Paris-based International Energy Agency on Friday cast doubt on whether Russia would meet its agreement with OPEC to cut crude oil output to support prices.

Venezuelan crude production continued to decline in December

Energy News // 1 month ago

Venezuelan crude production continued to decline in December

Jan. 17 (UPI) -- Venezuelan crude oil production continued its steady decline and hit a new low in December with just 1.15 million barrels per day produced.

Oil prices led lower by rising U.S. production, inventories

Energy News // 1 month ago

Oil prices led lower by rising U.S. production, inventories

Jan. 17 (UPI) -- Oil prices fell early Thursday despite an OPEC report confirming a sizable cut due to bearishness related to rising United States production and inventories.

EIA sees fuel prices below 2018 average for the next two years

Energy News // 1 month ago

EIA sees fuel prices below 2018 average for the next two years

Jan. 17 (UPI) -- U.S. retail fuel prices will drop this year and in 2020 from 2018, but in both cases higher than January levels due to mandated lower sulfur in marine fuel.

Crude oil prices drop after API reported lower-than-expected draw

Energy News // 1 month ago

Crude oil prices drop after API reported lower-than-expected draw

Jan. 16 (UPI) -- Oil prices fell early Wednesday, likely a result of lower-than-expected draws in an API with traders awaiting official EIA inventory data later in the day.

Dow, Total part of group that raised $1B to clean plastic in ocean

Energy News // 1 month ago

Dow, Total part of group that raised $1B to clean plastic in ocean

Jan. 16 (UPI) -- Some 30 companies including Dow, Total and other big makers of plastic raised $1 billion to contribute to cleaner ocean waters.

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