OIL - AFRICA DAILY

Mar 26, 2015 (UPI)

Multilateral military operations in a collapsing Yemen injected a layer of risk to global oil markets, pushing crude oil prices up 2 percent Thursday. The Saudi...

Lower spending may be pushing oil higher

Mar 25, 2015 (UPI)

Crude oil prices gained traction in Wednesday trading as U.S. federal data show spending on exploration and production was down by double digits. Global oil pri...

Myanmar attracts energy capital

Mar 25, 2015 (UPI)

An agreement to explore the energy potential off the coast of Myanmar is part of a strategy to meet growing needs in the Asia-Pacific, Chevron said. Unocal Myan...

Argentina condemns British 'provocation' in Falklands

Mar 25, 2015 (AFP)

Argentina branded Britain's plans to beef up defenses in the Falklands a "provocation" and a pre-election stunt Wednesday. On Tuesday, British Defense Secretary...

Total moves ahead with North Sea development

Mar 25, 2015 (UPI)

French energy company Total said Wednesday its plans for North Sea oil and gas development were backed by a British government expecting sector revitalization. ...

Gazprom Neft surveying Kurdish oil potential

Mar 25, 2015 (UPI)

In a sign of a growing Middle East presence, Russian energy company Gazprom Neft said it was surveying the reserve potential in the Kurdish north of Iraq. The M...

'No blacks' Chinese restaurant shut down in Kenya

Mar 25, 2015 (AFP)

A Chinese restaurant in the Kenyan capital Nairobi has been shut down and its owners summoned by authorities after it emerged it was barring black patrons, repo...

Feds irked by industry stance on oil-train safety

Mar 25, 2015 (UPI)

The U.S. Department of Transportation said it was frustrated that an energy industry group was on the sidelines of the debate over oil transportation by rail. S...

Gas key to EU ties with Azerbaijan

Mar 25, 2015 (UPI)

Development of a natural gas pipeline network from Azerbaijan is one of the most important aspects of bilateral ties, a European Union report said Wednesday. Th...

Chinese demand for Russian oil holds steady

Mar 25, 2015 (UPI)

Demand for Russian crude oil in the Chinese economy is expected to hold steady, despite economic faltering in both countries, a Chinese trader said Wednesday. C...

Russia's Lukoil committed long term to Iraq

Mar 24, 2015 (UPI)

Russian oil company Lukoil said it's committed long term to the development of the lucrative West Qurna basin in southern Iraq. Lukoil President Vagit Alekperov...

U.S. oil price up from six-year low

Mar 24, 2015 (UPI)

U.S. dollar movements and economic signals from China helped push crude oil prices above the recent floor in early trading Tuesday. The U.S. dollar continued a ...

ADB tells Pakistan to seize moment on low oil prices

Mar 24, 2015 (UPI)

Pakistan needs to attract financial capital to its power sector in order to take full advantage of lower crude oil prices, the Asian Development Bank said. ADB ...

UK 'military lobby' behind Falklands beef-up: Argentina

Mar 24, 2015 (AFP)

Argentina said Tuesday that Britain's plan to beef up its defenses in the Falkland Islands was a wasteful initiative pushed through by the military lobby. "It's...

Iran expects oil market influence

Mar 24, 2015 (UPI)

Any nuclear deal with Iran and multinational powers will pave the way for more oil exports and therefore influence world markets, a lawmaker in Tehran said. Ali...

Australia's Woodside cuts jobs

Mar 24, 2015 (UPI)

Australian energy company Woodside Petroleum said Tuesday it was cutting several hundred jobs from its payroll in an effort to adjust to slumping oil prices. "W...

Tight spending new normal for U.S. shale

Mar 24, 2015 (UPI)

"Financial prudence" will be the new normal for developments in shale basins in the United States in the era of low oil prices, the head of Schlumberger, the wo...

AAA: U.S. gas prices drifting lower nationally

Mar 24, 2015 (UPI)

Though an end to winter and Great Lakes refinery issues mean pain at the pump for some, low crude oil prices are a governor on gas prices, AAA said. Motor club ...

Oil mixed on weak Chinese data

Mar 24, 2015 (AFP)

Oil prices traded mixed Tuesday as the market weighed disappointing manufacturing data out of top energy consumer China. US benchmark West Texas Intermediate (W...

Sinopec facing era of slower growth

Mar 23, 2015 (UPI)

China Petroleum & Chemical Corporation said the slowdown in the Chinese economy and the low price of crude oil means major challenges ahead in 2015. Fu Chengyu,...