OIL - AFRICA DAILY

EU urges Germany to introduce air pollution toll

Mar 07, 2018 (AFP)

After a top court last month ruled driving bans in some city zones for the most polluting diesel vehicles were legal, German commuters, politicians, environment...

Oil prices stable as U.S. production stands at all-time high

Mar 06, 2018 (UPI)

Brent oil futures opened at 65.56 and were trading down 16 cents at 11 a.m. EST. Year-over-year, that's a 17.71 percent increase. The April crude oil futures st...

Gas prices rise nationwide after three weeks of decreases

Mar 06, 2018 (UPI)

The national average of $2.53 for one gallon of regular gas is one cent more than last Monday with 25 states seeing increases, the motor club AAA reported Monda...

Canadian songbirds change calls to adapt to oil and gas drilling noise

Mar 05, 2018 (UPI)

Previous research found prairie songbirds had augmented their songs, but scientists weren't sure whether the new tunes would have the same effects -- or carry t...

Turkey court rejects appeal to free Greek soldiers: report

Mar 05, 2018 (AFP)

The pair were arrested on Friday for entering a prohibited military zone in the northern province of Edirne. Turkish media initially reported that the two men w...

PNG quake leaves 67 dead as aftershocks rock homes

Mar 05, 2018 (AFP)

The recovery effort has been slow as aid workers grapple with blocked roads and power outages to reach cut-off villages after the 7.5-magnitude quake struck on ...

Stocks, oil prices lower on tariff hike jitters

Mar 05, 2018 (UPI)

At the opening, the Dow Jones Industrial Average fell more than 100 points. The S&P 500 also declined 0.5 percent, with financials and industrial sectors experi...

British energy demand strains from winter Storm Emma wane

Mar 02, 2018 (UPI)

So-called Yellow Warnings remain in effect for wind and snow, according to the Met Office, the national weather service in Great Britain. Severe weather conditi...

Turkey arrests two Greek soldiers 'on espionage charges'

Mar 02, 2018 (AFP)

The court in the western province of Edirne ordered the pair be charged with "attempted military espionage" and "entering forbidden military territory", state n...

Sanctions still under consideration for Venezuela, U.S. says

Mar 02, 2018 (UPI)

Venezuela is a member of the Organization of Petroleum Exporting Countries, but has been hobbled by sanctions pressures and internal political fissures. Total p...

Total snaps up Marathon's assets in Libya

Mar 02, 2018 (UPI)

The French company said it moved in on the opportunity after its U.S. counterpart Marathon Oil divested from Libya by acquiring its assets. Marathon's subsidiar...

Trump tariffs out of alignment with energy dominance quest

Mar 02, 2018 (UPI)

Jack Gerard, the president and CEO of the American Petroleum Institute, said the president's announcement of a 25 percent tariff on steel imports and a 10 perce...

Oil prices follow stock indices lower after U.S. tariff move

Mar 02, 2018 (UPI)

The Dow Jones closed down 420 points Thursday after President Donald Trump said he would officially impose a 25 percent tariff on steel imports and a 10 percent...

Man-made earthquake risk reduced if fracking is 895m from faults

Mar 02, 2018 (SPX)

The recommendation, from the ReFINE (Researching Fracking) consortium, is based on published microseismic data from 109 fracking operations carried out predomin...

Economic transition period for oil revenue is over, Norway says

Mar 02, 2018 (UPI)

The Norwegian Ministry of Finance announced it was revising its monetary policies as they relate to inflation. "Inflation targeting shall be forward-looking and...

Chinese oil baron hit by investigation: report

Mar 01, 2018 (AFP)

Ye Jianming -- dubbed China's "newest oil baron" by Forbes magazine in 2016 -- quickly built CEFC China Energy into a global energy powerhouse, expanding into E...

U.S. supply builds send oil prices lower for second straight day

Mar 01, 2018 (UPI)

Commodities markets were jolted by indications that crude oil inventories in the United States, the world's leading economy, were building even as the country i...

Spring gas prices could be the highest in two years

Mar 01, 2018 (UPI)

AAA lists a national average retail price of $2.54 for a gallon of regular unleaded on Thursday, an increase of 1 cent from yesterday, but 6 cents lower than on...

Statoil shows its commitment to British offshore exploration

Mar 01, 2018 (UPI)

Nearly $40 million in drilling contracts were awarded for drilling in Norwegian and British waters this summer. Statoil awarded two contracts to Seadrill compan...

OMV sells off its Pakistan upstream unit

Mar 01, 2018 (UPI)

OMV said it was selling its upstream business unit in Pakistan to a Hong Kong company. The Austrian company held a stake in five development and production leas...