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Oil prices led lower by rising U.S. production, inventories
Energy News // 5 years 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 // 5 years 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 // 5 years 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 // 5 years 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.
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.
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