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API: New offshore energy plan will strengthen U.S. energy security

WASHINGTON -- API welcomed the Interior Departments new proposal for a five-year offshore oil and natural gas leasing plan to allow greater access to energy resources in the U.S. Outer Continental Shelf, putting the U.S. on the right track......【More】

2018-01-08

Oil's famous five: People who could define the market in 2018

LONDON (Bloomberg) --Will Saudi Arabia and Russia maintain their grip on production, or could they succumb to another surge in U.S. shale? Is it possible for the economic collapse of a major producer to send crude prices soaring, or perhaps......【More】

2018-01-03

A guide to Mideast markets in 2018

DUBAI (Bloomberg) --For as long as Gulf economies rely on oil, crude will be a factor in determining how investors trade regional markets. But right now, politics is king. In the past 12 months, tension between Saudi Arabia and Iran escalat......【More】

2018-01-02

Libya's oil output revival thwarted by pipeline explosion

CAIRO (Bloomberg) --Libyas oil industry revival suffered a setback Tuesday after an explosion at a pipeline carrying crude to the OPEC nations biggest export terminal. Oil rallied as a result. Production will drop by 70,000 to 100,000 bopd......【More】

2017-12-27

Iraq's oil minister says he's optimistic crude prices will rise

BAGHDAD (Bloomberg) --Iraqs Oil Minister Jabbar Al-Luaibi said hes optimistic crude prices will rise in 2018, with global stockpiles falling and demand on the rise in China and India. I am very optimistic that in the first quarter, oil mark......【More】

2017-12-26

China's winter misery brings LNG traders gift of volatility

SINGAPORE and SYDNEY (Bloomberg) --Chinas self-inflicted heating crisis this winter signals deeper seasonal price swings that may be a boon for liquefied natural gas traders. The arrival of a price-depressing glut of the fuel is no longer s......【More】

2017-12-25

United Oil & Gas provides update on Podere Maiar well, in northern Italy

DUBLIN -- United Oil Gas Plc, the London Stock Exchange listed oil and gas exploration and development company, is pleased to announce the Podere Maiar 1 (PM1) well at Selva gas field in the Podere Gallina licence is to be flow tested next......【More】

2017-12-21

Oil prices waver amid Nigeria's strike

NEW YORK, Dec. 18 (Xinhua) -- Oil prices settled mixed Monday as traders eyed an oil-worker strike in Nigeria. The West Texas Intermediate for January delivery decreased 0.14 U.S. dollar to settle at 57.16 dollars a barrel on the New York M......【More】

2017-12-20

Oil prices mixed on climbing U.S. output

NEW YORK, Dec. 15 (Xinhua) -- Oil prices settled mixed on Friday as investors turned their attention to climbing U.S. output. The West Texas Intermediate for January Delivery added 26 U.S. cents to settle at 57.30 dollars a barrel on the Ne......【More】

2017-12-18

Oil prices slip after recent gains

NEW YORK, Dec. 12 (Xinhua) -- Oil prices retreated on Tuesday after surging over one percent in the previous session. The West Texas Intermediate for January Delivery lost 0.85 dollar to settle at 57.14 dollars a barrel on the New York Merc......【More】

2017-12-13