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Crude prices rise after positive news from China

Energy News // 5 years ago

Crude prices rise after positive news from China

Jan. 15 (UPI) -- Oil prices rose early Tuesday, after Monday declines, possibly helped by some positive news from China -- but doubts remain as to whether that direction will hold.

Petrobras preempts three pre-salt areas ahead of sixth auction

Energy News // 5 years ago

Petrobras preempts three pre-salt areas ahead of sixth auction

Jan. 15 (UPI) -- Petrobras wants to exercise pre-emption rights for three areas ahead of the sixth bidding round of pre-salt offshore oil areas to be held later this year.

U.S. fuel pumps see first weekly price rise since October

Energy News // 5 years ago

U.S. fuel pumps see first weekly price rise since October

Jan. 15 (UPI) -- Fuel prices in the United States on average were just a penny higher at $2.25 per gallon, ending consecutive price declines that had occurred since October.

Crude oil prices ease on renewed concern about a weaker economy

Energy News // 5 years ago

Crude oil prices ease on renewed concern about a weaker economy

Jan. 14 (UPI) -- Crude oil prices fell Monday amid renewed concerns about potentially declining crude oil demand resulting from weaker economic outlook.

Eni expands Middle East presence with Oman, Bahrain, UAE accords

Energy News // 5 years ago

Eni expands Middle East presence with Oman, Bahrain, UAE accords

Jan. 14 (UPI) -- Eni reached accords for exploration in two areas of Oman, one in partnership with BP, a day after it announced new exploration in Bahrain and the UAE.

Oil prices set to end positive week on trade, weaker dollar, OPEC cuts

Energy News // 5 years ago

Oil prices set to end positive week on trade, weaker dollar, OPEC cuts

Jan. 11 (UPI) -- While slightly lower early Friday, crude oil future prices appeared set to end Friday with a significant weekly gain.

Wind to lead U.S. electric capacity additions at power plants in 2019

Energy News // 5 years ago

Wind to lead U.S. electric capacity additions at power plants in 2019

Jan. 11 (UPI) -- Wind generation will lead new electricity capacity in the United States in 2019 trailed by combined cycle natural gas and solar, the EIA said.

Oil prices down after lower-than-expected inventory draw

Energy News // 5 years ago

Oil prices down after lower-than-expected inventory draw

Jan. 10 (UPI) -- Oil prices fell Thursday after a lower-than-expected inventory draw report, and as trade talks between China and the United States didn't show clear progress.

Saudi Aramco builds new retail network, certifies reserves

Energy News // 5 years ago

Saudi Aramco builds new retail network, certifies reserves

Jan. 10 (UPI) -- Saudi Arabia's Aramco has created a retail network to sell automotive and aviation fuel, and has also certified reserves through a third party.

Oil prices rise as U.S., China extend trade talks

Energy News // 5 years ago

Oil prices rise as U.S., China extend trade talks

Jan. 9 (UPI) -- Oil prices rose early Wednesday, continuing gains since the start of the year that have brought it to levels last seen in mid-December.

BP sees 100K more barrels per day in Gulf of Mexico by 2025

Energy News // 5 years ago

BP sees 100K more barrels per day in Gulf of Mexico by 2025

Jan. 9 (UPI) -- BP said that its 300,000 barrels of oil equivalent daily output in the Gulf of Mexico will grow "to around 400,000 barrels" daily by the middle of the next decade

Oil prices rise on Saudi Arabia cuts, trade talks

Energy News // 5 years ago

Oil prices rise on Saudi Arabia cuts, trade talks

Jan. 8 (UPI) -- Crude oil prices rose early Tuesday helped by reports of production cuts in Saudi Arabia with expectations that any positive news from trade talks between the United States and China could strengthen prices.

U.S. fuel prices fall as demand hits 22-month low

Energy News // 5 years ago

U.S. fuel prices fall as demand hits 22-month low

Jan. 8 (UPI) -- Gasoline prices in the United States have now fallen for 12 straight weeks, with the national average as of Monday at $2.24 per gallon.

Crude oil prices see increase as U.S.-China trade talks restart

Energy News // 5 years ago

Crude oil prices see increase as U.S.-China trade talks restart

Jan. 7 (UPI) -- Oil prices rose early Monday alongside news of the restart of trade talks between the United States and China, and also after a report of fewer operating rigs.

Alstom to introduce hydrogen-powered trains in U.K.

Energy News // 5 years ago

Alstom to introduce hydrogen-powered trains in U.K.

Jan. 7 (UPI) -- France-based Alstom presented Monday a new hydrogen train for the U.K. market with the aim to build a fleet that will be up and running by 2022.

Rise in oil prices led by December OPEC cuts

Energy News // 5 years ago

Rise in oil prices led by December OPEC cuts

Jan. 4 (UPI) -- Oil prices rose in part led by December OPEC cuts and may continue to increase at least in the very short term, analysts said.

Ecuador audit finds $2.5B lost in oil infrastructure corruption

Energy News // 5 years ago

Ecuador audit finds $2.5B lost in oil infrastructure corruption

Jan. 4 (UPI) -- Ecuadorean President Lenin Moreno said an audit into $4.9 billion worth of oil-related infrastructure investment found nearly half of it lost to corruption.

Oil prices volatile amid increased China slowdown concerns

Energy News // 5 years ago

Oil prices volatile amid increased China slowdown concerns

Jan. 3 (UPI) -- Oil prices rose early Thursday after a day of high volatility with concerns about an economic slowdown in China playing against reports of output cuts.

Eni becomes operator of second Alaskan field in production

Energy News // 5 years ago

Eni becomes operator of second Alaskan field in production

Jan. 3 (UPI) -- Eni will buy rights to all of the Oooguruk oil field offshore Alaska as its proximity to the Nikaitchuq field it developed in 2011 will create synergies.

Total starts production in Egina field offshore Nigeria

Energy News // 5 years ago

Total starts production in Egina field offshore Nigeria

Jan. 2 (UPI) -- France-based Total said Wednesday it started production in the Egina field in offshore Nigeria which will eventually reach 200,000 barrels of crude oil per day.

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