OIL - INDO DAILY

Australia blames firms for slow response to Solomons oil spill

Mar 08, 2019 (AFP)

MV Solomon Trader ran aground during high winds on February 5 while loading bauxite at remote Rennell Island. More than a month later, the 225-metre (740-foot) ...

Oil prices rise as inventory buildup less than anticipated

Mar 07, 2019 (UPI)

The U.S. Energy Information Administration on Wednesday issued a report showing a lower buildup of stocks than Tuesday's report from the American Petroleum Inst...

Ecuador to clean up Texaco's decades-old Amazon spill

Mar 07, 2019 (UPI)

After 26 years of legal actions in Ecuador, the United States, Canada and Europe that failed to result in any significant cleanup effort of areas affected by cr...

US fuel prices see biggest Jan-Feb rise in 4 years

Mar 07, 2019 (UPI)

Currently at $2.42 per gallon, gasoline prices are three cents higher than last week, but as much as 17 cents more than a month ago, according to the AAA driver...

ExxonMobil reaches $600K settlement for 2013 refinery fire

Mar 07, 2019 (UPI)

The oil corporation agreed to pay a $616,000 civil penalty to resolve federal claims that it violated the Clean Air Act, which requires measures to prevent acci...

ExxonMobil, Chevron ramp up Permian oil output

Mar 07, 2019 (UPI)

"Our plans are attractive at a range of prices and we expect them to drive more value as we continue to lower our development and production costs," Neil Chapma...

What makes natural gas bottlenecks happen during extreme cold snaps

Mar 04, 2019 (SPX)

This might seem like a paradox. U.S. gas production is at an all-time high, and electricity generation from renewable sources is growing at a record pace. As an...

Venezuela moving oil company office to Russia

Mar 01, 2019 (UPI)

Rodriguez said Venezuela President Nicolas Maduro has instructed the office to relocate from Lisbon, Portugal, to Moscow - so it can work closer with Russian co...

New Zealand joins Solomons oil spill response

Mar 01, 2019 (AFP)

The MV Solomon Trader became stranded on a coral reef on February 5 while loading bauxite at remote Rennell Island, about 240 kilometres (150 miles) south of th...

Total halts French Guiana offshore oil drilling

Feb 28, 2019 (AFP)

In December, Total said it would start drilling on a maritime licence covering an exploration area 150 kilometres (93 miles) off the coast of the French territo...

Russia, China veto US measure on Venezuela in UN Council

Feb 28, 2019 (AFP)

The failure to take action on the two competing drafts laid bare divisions among world powers over the way forward in Venezuela, which is mired in a political s...

UK police arrest activists at oil, gas industry meet

Feb 27, 2019 (AFP)

Officers detained the protesters after they targeted the annual International Petroleum (IP) Week gathering of industry executives, being held at the Interconti...

Military desertion of Maduro slow but hopes high

Feb 27, 2019 (AFP)

Emboldened by opposition leader Juan Guaido's attempts to force in humanitarian aid through the borders with Colombia and Brazil, hundreds of military personnel...

China, Russia urge against military action in Venezuela

Feb 27, 2019 (AFP)

Russia and China, which have had close relations with Maduro over the years, have repeatedly warned against any foreign interference in Venezuela, while Washing...

US fuel prices see biggest weekly gain so far this year

Feb 27, 2019 (SPX)

"Pump prices have increased around the country as refineries gear up for spring gasoline production and maintenance season," according to the AAA's weekly fuel ...

Colombia says 326 Venezuelan army deserters since Saturday

Feb 26, 2019 (AFP)

Most of the deserting soldiers slipped into Colombia in the same area as the main border crossing blocked by Venezuela's military, Migration Colombia said. The ...

Saudi crown prince meets Chinese president, bags oil deal

Feb 22, 2019 (AFP)

Mohammed arrived in Beijing on Thursday following visits to Pakistan and India, showing the world that his country still has allies after the grisly murder of S...

Eni reaches its highest ever production level

Feb 22, 2019 (UPI)

Eni said the "record hydrocarbons production" is a 2.5 percent increase from 2017. In refining, the acquisition of a stake the largest refinery in the United Ar...

China against forcefully sending aid to Venezuela

Feb 22, 2019 (AFP)

China has loaned billions to Venezuela and has remained committed to President Nicolas Maduro even as the country has fallen deeper into economic crisis. Foreig...

Total, Aramco to retail fuel in Saudi Arabia

Feb 22, 2019 (UPI)

The venture starts with an existing network of 270 service stations just acquired from local companies TMC and STC, along with a tanker fleet. The plan is to in...