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Crude oil sell-off resumes, prices break important psychological levels

Energy News // 9 hours ago

Crude oil sell-off resumes, prices break important psychological levels

Dec. 18 (UPI) -- Crude oil prices early Tuesday resumed a sell-off, breaking important psychological levels, in part on concern about the global macroeconomic outlook, an analyst said.

AAA sees fuel price declines through end of year

Energy News // 11 hours ago

AAA sees fuel price declines through end of year

Oil prices little changed as bearishness lingers

Energy News // 1 day ago

Oil prices little changed as bearishness lingers

Qatar buys stake from Eni to share in Mexico's Campeche field

Energy News // 1 day ago

Qatar buys stake from Eni to share in Mexico's Campeche field

Calif. utility accused of gas pipeline violations, falsifying records

Energy News // 3 days ago

Calif. utility accused of gas pipeline violations, falsifying records

Dec. 15 (UPI) -- California regulators are investigating if PG&E commited pipeline safety violations and falsified records eight years after explosion in San Francisco Bay Area.

Oil prices flat after China report weighs on cuts

Energy News // 4 days ago

Oil prices flat after China report weighs on cuts

Dec. 14 (UPI) -- Crude oil prices were nearly flat early Friday amid expectations of supply reductions following recent cuts, and a report indicating Chinese economic growth may have slowed.

Nigeria oil output may rise 60 percent by 2020

Energy News // 4 days ago

Nigeria oil output may rise 60 percent by 2020

Dec. 14 (UPI) -- Ibe Kachikwu, Nigeria's oil minister, said the nation's oil output may rise 60 percent by 2020. The nation is working to recover output, and fight corruption.

Gazprom and Lukoil to jointly develop two Arctic fields

Energy News // 5 days ago

Gazprom and Lukoil to jointly develop two Arctic fields

Dec. 13 (UPI) -- Russian companies Gazprom and Lukoil intend to create a joint venture to extract natural gas from the Arctic region.

Oil prices down as bear market drags after brief relief

Energy News // 5 days ago

Oil prices down as bear market drags after brief relief

Dec. 13 (UPI) -- Oil prices were down early Thursday, after positive reactions to the OPEC plus non-OPEC announcement of production cuts appeared to be only a brief respite.

Iran to see if CNPC breaks giant gas field accords

Energy News // 5 days ago

Iran to see if CNPC breaks giant gas field accords

Dec. 13 (UPI) -- Iran will determine whether China's CNPC breaks accords related to develoment of the world's biggest gas field, and plans to remain in OPEC.

OPEC maintains 2019 crude oil demand forecast

Energy News // 6 days ago

OPEC maintains 2019 crude oil demand forecast

Dec. 12 (UPI) -- OPEC on Wednesday kept its demand growth forecast for next year at 1.29 million barrels per day, and said that November's Venezuela production showed a new drop.

Mexico delays bidding for some Pemex partners, cancels two other bids

Energy News // 6 days ago

Mexico delays bidding for some Pemex partners, cancels two other bids

Dec. 12 (UPI) -- Mexico delayed by six months a process to select partners for Pemex in exploration areas scheduled for February to review the process, and canceled two others.

Crude oil prices rise on anticipation of inventory reduction, following cuts

Energy News // 6 days ago

Crude oil prices rise on anticipation of inventory reduction, following cuts

Dec. 12 (UPI) -- Crude oil prices rose early Wednesday, buoyed by expectations of a U.S. inventory reduction, as well as reports of production cuts by OPEC, Libya and Canada.

Crude oil prices rise in sympathy with equities after Libya's force majeure

Energy News // 1 week ago

Crude oil prices rise in sympathy with equities after Libya's force majeure

Dec. 11 (UPI) -- Crude prices rose early Tuesday in sympathy with equity markets but also due to a force majeure in Libya curbing oil production.

Total says Guyana drilling won't affect coral reefs, moves ahead with plans

Energy News // 1 week ago

Total says Guyana drilling won't affect coral reefs, moves ahead with plans

Dec. 11 (UPI) -- Total said Monday it dispatched a ship for drilling off French Guyana's coast, and assured it won't damage coral reefs -- days after Brazil denied it a license.

U.S. fuel prices hit low for year, may continue dropping

Energy News // 1 week ago

U.S. fuel prices hit low for year, may continue dropping

Dec. 11 (UPI) -- U.S. fuel prices fell to their lowest this year with an average as of Monday of $2.42 per gallon, or four cents below on-week, with potential new drops ahead.

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

Energy News // 1 week 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 // 1 week ago

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

Dec. 10 (UPI) -- Italian state oil company Eni said Monday it has discovered between 170 million to 200 million of light crude oil in a field offshore Angola named Afoxe.

Mexican president outlines plan to revert oil 'disaster'

Energy News // 1 week ago

Mexican president outlines plan to revert oil 'disaster'

Dec. 10 (UPI) -- Mexico's new government plans to revert "disaster" found in refineries, upgrading six of them, and add a new one, in an effort to achieve "energy sovereignty."

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

Energy News // 1 week ago

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

Dec. 7 (UPI) -- OPEC and non-OPEC members agreed Friday in Vienna to work to jointly reduce crude oil production by 1.2 million barrels per day for the next six months.

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