OIL - AFRICA DAILY

Feb 20, 2018 (UPI)

Asim Jihad, a spokesman for the Iraqi Oil Minister Jabar al-Luaibi, said the minister will visit Turkey by the end of the week, at the invitation of the Turkish...

Russia mulls LNG option for Pakistan

Feb 20, 2018 (UPI)

Russian Foreign Minister Sergei Lavrov spoke Tuesday with his Pakistani counterpart, Khawaja Muhammad Asif, about the potential to improve energy ties. Among th...

U.S. consumer gas prices still inching lower

Feb 20, 2018 (UPI)

Motor club AAA reported a national average retail price of $2.53 for a gallon of regular unleaded gasoline on Tuesday, a slight dip from Monday and about 1.5 pe...

Kashagan oil field inching toward design capacity

Feb 19, 2018 (UPI)

The Kashagan oil field offshore Kazakhstan was declared a commercial prospect in 2002. Development, however, has been impeded by a series of issues with infrast...

Opponents question Keystone XL timeline

Feb 19, 2018 (UPI)

TransCanada concluded the open season for commercial commitments to fill the Keystone XL pipeline on Jan. 18 with 500,000 barrels per day in firm commitments fo...

Study examines methane emissions reduction from oil and gas in North America

Feb 19, 2018 (SPX)

Yet this ambitious pledge is still achievable in the United States, according to a new article in Climate Policy co-authored by Dr. Sarah Marie Jordaan, Assista...

Moody's gives good grade to LNG player Woodside

Feb 19, 2018 (UPI)

Moody's Investors Service on Monday affirmed the Baa1 rating for the company, but changed its rating outlook from negative to stable. "The change in outlook to ...

Mexico becomes first Latin American country to join the IEA

Feb 19, 2018 (UPI)

Mexico deposited its signature on the treaty for the International Energy Agency in Belgium during the weekend, becoming the first member in Latin America. "Wit...

Middle East tensions lend risk premium to the price of oil

Feb 19, 2018 (UPI)

Speaking at a security conference in Munich during the weekend, Israeli Prime Minister Benjamin Netanyahu -- holding a piece of wreckage said to be from an Iran...

Iran, India shake hands on energy

Feb 19, 2018 (UPI)

The Iranian president led a delegation to India last week, rounding up his visit by signing around a dozen memoranda of understanding. A joint statement from a ...

North Sea energy player Neptune emerges

Feb 16, 2018 (UPI)

For undisclosed terms, Neptune said it acquired ENGIE Exploration and Production International, which gives it a global footing in basins from the North Sea to ...

Continental Resources expecting steady production gains

Feb 16, 2018 (UPI)

Total U.S. oil production is around 10 million barrels per day, putting the country on the same footing as Saudi Arabia. Continental, which focuses in part on t...

Philippines, China eye joint exploration in disputed waters

Feb 16, 2018 (AFP)

The two countries, long embroiled in a dispute over their competing claims to the area, are hoping talks will open the door for them to jointly tap its resource...

Oil prices search for momentum, though inflation looms

Feb 16, 2018 (UPI)

Crude oil prices have been volatile for much of the week, mirroring broader trends in the equities market. The price of oil, nonetheless, is flirting with a for...

Higher federal gasoline tax likely dead on arrival

Feb 16, 2018 (UPI)

President Donald Trump floated the idea of raising the federal gasoline tax during talks earlier this week with a bipartisan meeting with Congress. The proposal...

U.S. oil exports could be driven by OPEC's balancing act

Feb 16, 2018 (UPI)

The United States is now rivaling Saudi Arabia, and could soon dethrone Russia, in terms of production with output at an average of 10 million barrels per day. ...

UK fracking industry would need strict controls to minimise spill risk

Feb 16, 2018 (SPX)

The recommendation comes from scientists who have investigated the possible risk of spills from well sites and tankers used to transport chemicals and contamina...

Italy's Eni setting production records

Feb 16, 2018 (UPI)

Eni reported December production of 1.92 million barrels of oil equivalent per day, a record for the company. Fourth quarter output averaged 1.89 million barrel...

Canada clears more work for Trans Mountain oil pipeline

Feb 16, 2018 (UPI)

The National Energy Board issued decisions that could let the consortium behind the plans to expand the Trans Mountain pipeline start work in British Columbia. ...

Greek Cypriots link UN peace talks to Med energy search

Feb 15, 2018 (AFP)

Cyprus is embroiled in a standoff with Turkish warships blocking an Italian drillship from exploring for gas in the island's politically sensitive waters. Presi...