OIL - AFRICA DAILY

Feb 24, 2015 (UPI)

Oil markets moved into positive territory Tuesday on word members of the Organization of Petroleum Exporting Countries were weighing extraordinary measures. In ...

Algeria police prevent anti-shale gas protest

Feb 24, 2015 (AFP)

Riot police prevented a protest in the Algerian capital Tuesday against state energy giant Sonatrach's controversial exploitation of shale gas in the southern d...

U.S. gas prices rise for 29 straight days

Feb 24, 2015 (UPI)

The price per gallon for regular unleaded gasoline has increased 29 days in a row as of Tuesday because of U.S. refinery issues and commodity markets, AAA said....

Panda Power Funds to Jointly Develop 1,000 MW Penn Power Project

Feb 23, 2015 (SPX)

Panda Power Funds has entered into a joint venture with Sunbury Generation LP to develop, finance, construct and operate a 1,000 megawatt natural gas-fueled, co...

Methane leaks from three large US fields in line with federal estimates

Feb 23, 2015 (SPX)

Tens of thousands of pounds of methane leak per hour from equipment in three major natural gas basins that span Texas, Louisiana, Arkansas and Pennsylvania, acc...

Oil's Survival Of The Fittest: Interview With Stan Szary

Feb 23, 2015 (SPX)

With crude oil prices collapsing and small American oil producers faced with grim choices for survival, the Darwinian nature of commodity market cycles rears it...

GE Capital: 2015 Energy (Oil and Gas) Trends

Feb 23, 2015 (SPX)

Oil prices continued their slide in early January 2015 following the OPEC decision on November 27, 2014 to hold output levels. The surprise to the market was no...

Kremlin questions Moody's rating downgrade

Feb 23, 2015 (UPI)

Russia's Finance Ministry criticized a credit downgrade from ratings agency Moody's as pessimistic and out of step with developments in the oil-laden economy. "...

Methane emissions from natural gas industry higher than previously thought

Feb 23, 2015 (SPX)

World leaders are working to reduce greenhouse gas emissions, but it's unclear just how much we're emitting. In the U.S., the Environmental Protection Agency (E...

Arctic oil can wait, advocacy group says

Feb 23, 2015 (UPI)

If there is oil locked under arctic waters, it can wait until U.S. policymakers and the industry have effective safeguards in place, an advocacy group said. The...

Statoil brings North Sea oil and gas field online

Feb 23, 2015 (UPI)

Norwegian energy company Statoil said Monday it started production at a new North Sea oil and natural gas field on time and under budget. The company said it st...

Canada expects dip in crude oil production

Feb 23, 2015 (UPI)

Growth in Canadian crude oil production is expected to slow by about 3 percent as oil prices weigh on future developments, industry leaders said. The National E...

Oil rally deflates on pessimism

Feb 23, 2015 (UPI)

Insider expectations that a rally in the global crude oil market will be short lived brought heavy losses Monday for Brent and West Texas Intermediate. The pric...

Oil removed from derailed trains in West Virginia

Feb 23, 2015 (UPI)

Responders to an oil-train derailment in West Virginia pulled more than 3,000 barrels of oil from tank cars, but said some oil had spilled into a river. About a...

Iran's president claims economic miracle

Feb 23, 2015 (UPI)

As Iranian budget planners work to trim oil dependency, the country's president said Monday the Iranian economic turnaround has been miraculous. Iranian Preside...

Oil prices recover slightly in Asia

Feb 20, 2015 (AFP)

Oil prices climbed Friday, recovering slightly from a sell-off caused by news that US stockpiles had reached record highs, adding to worries about a global supp...

Environmental team surveying W. Va. oil-train disaster

Feb 19, 2015 (UPI)

Crews are on the ground in and around the site of Monday's oil-train derailment in West Virginia deploying containment boom, the response team said. The Nationa...

Senators want oil door opened to Mexico

Feb 19, 2015 (UPI)

A group of 21 U.S. senators called on the Commerce Department to liberalize trade relations and allow for greater crude oil trade with Mexico. U.S. Sen. Lisa Mu...

Libya, Yemen, leave bruises on OMV

Feb 19, 2015 (UPI)

Austrian oil and gas company OMV said Thursday it posted a net fourth quarter loss in part because of low oil prices and Libyan and Yemeni security issues. The ...

Union cries foul after Exxon refinery blast

Feb 19, 2015 (UPI)

The United Steelworkers union said the fire at an Exxon Mobil refinery in California is a reminder of the lopsided policies in the downstream energy industry. A...