OIL - AFRICA DAILY

Oil prices rise on latest verbal stimulus

Nov 15, 2016 (UPI)

A rally in crude oil prices was fed by the latest frenzy over OPEC production rhetoric, which overshadowed European reports Tuesday of stagnant economic growth....

Relief finally coming at the U.S. gas pump

Nov 15, 2016 (UPI)

Seasonal trends are finally catching up with U.S. commuters who are starting to see a steady decline in gasoline prices, motor club AAA said in a market report....

UN chief calls for 'elimination' of fossil fuel subsidies

Nov 15, 2016 (AFP)

UN chief Ban Ki-moon called Tuesday for the "elimination of fossil fuel subsidies" to accelerate the transition to clean energy for the sake of the planet. Coun...

Australia's Woodside expands gas portfolio

Nov 15, 2016 (UPI)

Australian energy company Woodside Petroleum said it was adding more natural gas assets to its domestic portfolio after a deal with BHP Billiton. In an arrangem...

Can Oil Markets Survive An OPEC Implosion

Nov 14, 2016 (SPX)

A technical meeting that was supposed to iron out some wrinkles for a deal to cut oil production ended in acrimony over the weekend, and OPEC's effort at coordi...

New maps created by Stanford scientists reveal safe locations for wastewater injection

Nov 14, 2016 (SPX)

Stanford geophysicists have compiled the most detailed maps yet of the geologic forces controlling the locations, types and magnitudes of earthquakes in Texas a...

Nearly two dozen tremors recorded in Oklahoma in a week

Nov 14, 2016 (UPI)

Following a cluster of events near Oklahoma shale basins, data from the U.S. Geological Survey show nearly two dozen small tremors in the last week. A magnitude...

Russian Central Bank anticipates $40 per barrel oil

Nov 14, 2016 (UPI)

The probability of another drastic collapse in oil prices is low, through recovery won't be substantially above current rates, Russia's Central Bank chief said....

Australia's LNG sector is booming

Nov 14, 2016 (UPI)

Higher export volumes and energy market recovery means the liquefied natural gas sector in Australia is booming, consultant group EnergyQuest said. Australian e...

Oil prices inch lower as pessimism gains traction

Nov 14, 2016 (UPI)

Market pessimism spilled over into Monday as doubts over production arrangements and slight declines in exploration and production brought oil prices lower. Oil...

Oil trader Trafigura Group jockeys for more transparency

Nov 14, 2016 (UPI)

Oil trader Trafigura Group said it was leading the industry in transparency initiatives by disclosing how much money it paid to governments last year. The trade...

Oil taking on green sheen

Nov 13, 2016 (AFP)

The companies that drill black gold are going a little bit green: taking stakes in renewable energies that are growing rapidly, enabling oil firms to diversify ...

E.ON reaches milestone with English Channel wind far

Nov 11, 2016 (UPI)

German energy company E.ON said Friday it has finished anchoring all of the foundations for its flagship Rampion wind farm in the English Channel. "The Rampion ...

Israel's Delek examines offshore Canada

Nov 11, 2016 (UPI)

Israeli conglomerate Delek Group confirmed it secured the rights to explore for reserves in the deep waters off the coast of Newfoundland. Delek Group said it s...

Mixed support for Trump's potential energy policiesw

Nov 11, 2016 (UPI)

Greenpeace said it was concerned climate policy under President-elect Donald Trump will have a 'drill, baby, drill' mentality, but an energy group sang praises....

Oil prices sharply lower on OPEC production

Nov 11, 2016 (UPI)

A reported increase in production from OPEC and an assessment of a standstill global economy sent crude oil prices sharply lower in early Friday trading. Market...

Profits for Russian oil giant Rosneft tumble

Nov 11, 2016 (UPI)

Pointing to ongoing pressures from the weak oil economy, Russian oil company Rosneft said its profit for the third quarter dropped more than 70 percent. Russia'...

Oil-rich Alberta sees trade potential with Asia

Nov 11, 2016 (UPI)

Days after assessing the energy ties with the incoming U.S. administration, Alberta's government said it was now looking for trade opportunities with Asia. The ...

Alberta lauds U.S. energy ties, but defends NAFTA

Nov 10, 2016 (UPI)

Canada's oil sector looks forward to strong ties to the U.S. market under a Trump administration that respects all trade agreements, a provincial leader said. W...

IEA's dour view sinks oil prices

Nov 10, 2016 (UPI)

Oil prices moved lower in early Thursday trading after the IEA said there may be too many factors at play to continue betting on OPEC's production offer. Crude ...