OIL - AFRICA DAILY

Sep 10, 2015 (UPI)

Seasonal factors offshore and weak economics onshore are expected to lead to a decline in U.S. crude oil production, a federal report said. The U.S. Energy Info...

Fitch: Woodside stable after Oil Search bid

Sep 10, 2015 (UPI)

While there's no immediate risk, Fitch Ratings said there may be marginal issues if Australia's Woodside Petroleum acquires rival Oil Search Ltd. Woodside made ...

China to launch new crude oil benchmark

Sep 10, 2015 (AFP)

China plans to launch a yuan-denominated international benchmark for crude oil futures this year aimed at the Asian market, an industry source said Thursday. Th...

The Default Next Move For Oil Is Downwards, And Here's Why

Sep 09, 2015 (SPX)

As traders, investors and pundits, we all like to think that what we do is akin to a science. We believe that by working harder and being smarter we can give ou...

Norway sees durable energy interest

Sep 09, 2015 (UPI)

Despite the downturn in the energy market, interest remains strong in developing reserves off the Norwegian coast, a petroleum director said. The Norwegian Petr...

European caution drags on crude oil prices

Sep 09, 2015 (UPI)

European caution trumped the market reaction to a surge in the Japanese stock market, sending crude oil prices slightly lower at the opening bell Wednesday. Bre...

Contain Iran with oil, U.S. export backers say

Sep 09, 2015 (UPI)

With Iran expecting to return to the global energy market, U.S. allies need a reliable source of crude oil in the way of exports, a production supporter said. T...

Get gas flowing, Noble tells Israeli government

Sep 09, 2015 (UPI)

Parliamentary support for a framework agreement for Israeli oil and gas development is a welcome step, but full backing is needed, Noble Energy said. The Israel...

Continental Resources expects steady production

Sep 09, 2015 (UPI)

Even with a cut in capital spending, Continental Resources said it expects production to be on the high end of its estimates despite an oversupplied market. Con...

British energy sector bracing for downturn

Sep 09, 2015 (UPI)

The British energy sector should brace for more staff reductions as companies take steps to endure the weak crude oil market, industry body Oil & Gas U.K. said....

Oil prices rise after Chinese trade data

Sep 08, 2015 (AFP)

Oil prices rose Tuesday after better-than-expected Chinese trade data that nonetheless showed lacklustre demand in the world's top energy consumer. US benchmark...

London issues call to action for energy sector

Sep 08, 2015 (UPI)

A British energy regulator called for collective action to revive an industry that shed more than 5,000 jobs since crude oil prices moved below $100 per barrel....

Baker Hughes: North America adds more rigs

Sep 08, 2015 (UPI)

The number of rigs actively exploring for or producing oil and natural gas in North America increased by nearly 4 percent, Baker Hughes said Tuesday. Baker Hugh...

Woodside makes bid for rival Oil Search

Sep 08, 2015 (UPI)

Australian energy company Woodside said Tuesday it made an offer for regional counterpart Oil Search to tap deeper into the Papua New Guinea gas market. "Woodsi...

Iran awaits Austrian energy investments

Sep 08, 2015 (UPI)

Iran is preparing to welcome Austrian oil and natural gas company OMV back to the energy sector as sanctions pressure eases, a deputy Iranian minister said. Aus...

Revenues down for oil-rich Norway

Sep 08, 2015 (UPI)

The Norwegian government said total revenues for the oil-rich economy were down by nearly 5 percent for the second quarter of 2015. Statistics Norway, the gover...

Oil prices mixed after weak Chinese trade data

Sep 08, 2015 (AFP)

Oil prices were mixed in Asia Tuesday after the latest Chinese trade data showed lacklustre demand in the world's top energy consumer, analysts said. US benchma...

Oil prices swing wildly in China uncertainty

Sep 04, 2015 (AFP)

Fragile financial markets are grappling with wild swings in world oil prices, unnerved by uncertainty over global supplies and the demand outlook from China. By...

Ecuadoran villagers can pursue Chevron in Canada: court

Sep 04, 2015 (AFP)

Ecuadoran villagers can seek to enforce in Canada a multibillion-dollar Ecuadoran judgment against US oil giant Chevron on pollution in the Amazon rainforest, C...

The World's First Clean Oil Sands Project: An Interview With Dr. Gerald Bailey

Sep 04, 2015 (SPX)

After decades of exhaustive attempts to overcome the dirty reputation of oil sands, we finally have an environmentally-friendly and low cost method to tap into ...