OIL - AFRICA DAILY

Oct 31, 2014 (UPI)

Government-controlled prices for petroleum products like gasoline in China are falling in response to global crude oil prices, data show. The government cuts re...

EU receives complaints against Canaries oil plan

Oct 31, 2014 (AFP)

Major environmental campaign groups and local councils complained to EU authorities on Friday over plans to explore for oil and gas off Spain's Canary Islands, ...

Oryx Petroleum: Security improves in Kurdish north

Oct 31, 2014 (UPI)

Security improvements in the Kurdish north of Iraq mean oil operations are making significant new progress, Oryx Petroleum said Friday. Oryx, which has headquar...

EU declares relief with Ukrainian gas agreement

Oct 31, 2014 (UPI)

Political responsibility and economic sense have prevailed with the signing of a gas deal between Russia and Ukraine, the European Commission president said. Ne...

WTI, Brent take big hits in Friday trading

Oct 31, 2014 (UPI)

Brent and West Texas Intermediate prices suffered heavy losses in Friday trading, ending a week that saw some early optimism resurface for the oil market. WTI d...

U.S. producers say study backs end of oil export ban

Oct 31, 2014 (UPI)

Global crude oil markets drive prices at the U.S. pump, meaning it's time to end the ban on oil exports, a consortium of U.S. oil companies said. A report from ...

Wood Mac: Thai economy may be running out of energy

Oct 31, 2014 (UPI)

Long-term fiscal policies in Thailand's booming economy might put the countries energy sector at risk, analysis Friday from Wood Mackenzie found. A report relea...

Advocates blast TransCanada pipeline proposal

Oct 31, 2014 (UPI)

Pipeline planner TransCanada can expect to face "considerable opposition" to its Energy East tar sands pipeline for the eastern Canada, an advocacy group said. ...

Gas capacity added to North Dakota shale

Oct 31, 2014 (UPI)

Midstream operator ONEOK Partners said it completed a pipeline in North Dakota that will help shale developers reach regional markets. ONEOK, which has headquar...

Technip sales up despite caution among oil industry players

Oct 30, 2014 (AFP)

French oil services group Technip on Thursday reported soaring sales even though weak petrol prices have forced energy giants to be cautious about future invest...

Ukrainian gas deal 'within reach,' Europe says

Oct 30, 2014 (UPI)

An agreement meant to settle longstanding gas disputes between Russia and Ukraine is "within reach," the president of the European Commission said Thursday. Bru...

WTI, Brent search for traction

Oct 30, 2014 (UPI)

Crude oil prices indices moved down in parity Thursday following reports that OPEC output would hold steady and U.S. production had increased marginally. Major ...

Texas oil production tops 2.2 million bpd

Oct 30, 2014 (UPI)

Crude oil production for Texas was up more than 20 percent year-on-year to just over 2.2 million barrels per day, a state regulator said. The Texas Railroad Com...

Algeria's Sonatrach to probe offshore energy

Oct 30, 2014 (UPI)

Algerian energy company Sonatrach announced plans to carry out its first ever offshore drilling campaign by the end of next year. Interim Chief Executive Office...

TransCanada: Energy East pipeline application submitted

Oct 30, 2014 (UPI)

Pipeline planner TransCanada Corp. said Thursday it filed a formal application for its Energy East pipeline project for eastern Canadian oil refineries. The Ene...

Shell: 'Slimmed-down' position creating value

Oct 30, 2014 (UPI)

Good results for third quarter 2014 show Royal Dutch Shell can create value from a streamlined portfolio, Chief Executive Officer Ben van Beurden said Thursday....

Eni makes major oil find offshore Congo

Oct 30, 2014 (UPI)

Italian energy company Eni said Thursday it made a significant oil discovery at a basin off the western coast of the Congolese republic. In the Minsala Marine s...

Peshmerga at Turkish border to reinforce besieged Kobane

Oct 30, 2014 (AFP)

Heavily armed Iraqi peshmerga forces reached the Turkish border Thursday and a first small party entered the town of Kobane as they prepared to join fellow Kurd...

Rosneft: No truth to claims of sanctions retaliation

Oct 29, 2014 (UPI)

A Russian government spokesman said Wednesday there was no truth about clams oil company Rosneft was looking for protection against Western sanctions. State-con...

Oil prices rally on word of end to quantitative easing

Oct 29, 2014 (UPI)

Crude oil prices rallied Wednesday along with major global stock indices on word the U.S. Federal Reserve sees its stimulus polices having an impact. West Texas...