OIL - INDO DAILY

Crude oil stays steady with Iranian sanctions just a month away

Oct 05, 2018 (UPI)

WTI crude was up 26 cents to $74.59 a barrel in mid-day trading while Brent was up 9 cents to trade at $84.67 a barrel. "Fundamental dynamics have shifted in fa...

After huge gains, WTI crude oil slips more than $1.50

Oct 04, 2018 (UPI)

WTI prices fell more than $1.50 in mid-day trading while Brent prices slipped more than $1.10 a barrel. Analysts say the sudden drop in crude oil prices occurre...

Quantum mechanics work lets oil industry know promise of recovery experiments

Oct 04, 2018 (SPX)

Extra oil can be pushed out of wells by forced water - often inexpensive seawater - but scientists doing experiments in the lab found that sodium in water imped...

Canada relaunches pipeline talks with indigenous tribes

Oct 03, 2018 (AFP)

"We believe that we can and must move forward with engaging in a meaningful and focused consultation with indigenous groups on the Trans Mountain pipeline expan...

Qatar, Russia defend OPEC, deny manipulation of oil prices

Oct 03, 2018 (UPI)

"OPEC is not trying to manipulate the price. It's trying to bring the market to balance," said Mohammed Bin Saleh Al-Sada, Qatar's Minister of Energy and Indust...

U.S. showdown with Saudis could push NOPEC to the goal line

Oct 02, 2018 (UPI)

The proposal, being kicked around in Congress, would allow the U.S. government to sue the oil cartel for limiting the production or distribution of oil and mani...

Brent prices reach four-year high while experts brace for $90 crude

Oct 01, 2018 (UPI)

Oil prices surged today as President Donald Trump announced a new $1.2 trillion tri-lateral trade deal with Canada and Mexico. If it had gone the other way, a t...

Saudi Arabia quietly plans to increase oil output by 500,000 barrels per day

Oct 01, 2018 (UPI)

Saudi Arabia hasn't said anything publicly, and seemed to tow the OPEC line following Sunday's meeting with other major oil producers. But Commerzbank said Frid...

Iraqi Kurdistan struggles to rebuild tattered economy

Sep 29, 2018 (AFP)

A massive yes vote in the September 2017 plebiscite provoked a furious backlash by the central government, turning a long-cherished dream of the Kurds into an e...

Brent prices dip while U.S. crude oil supplies exceed analyst expectations

Sep 26, 2018 (UPI)

Brent was trading at $80.67, in Wednesday morning trading, down 59 cents from the prior day. U.S. supplies of crude oil jumped 1.9 million barrels for the week ...

Macron wants Iran to sell oil, urges dialogue

Sep 26, 2018 (AFP)

In rhetorical exchanges that brought back memories of the feud over the 2003 Iraq invasion, the United States denounced the Europeans who in turn made clear the...

Earthquake fear ends Dutch gas boom

Sep 26, 2018 (AFP)

The tiny village of Zeerijp in the northern Netherlands looks ordinary on the surface, yet closer inspection reveals cracks in homes, schools and historic build...

EU announces legal entity to maintain business with Iran

Sep 25, 2018 (AFP)

Iran and the European Union announced their defiance towards US President Donald Trump's administration after high-level talks at the United Nations among the r...

Rising crude prices haven't brought pain to the pump, yet

Sep 25, 2018 (UPI)

AAA reported cheaper or stable gas prices have been reported in 32 states on Monday. The average national gas price is $2.85, the same as last Monday. The excep...

Trump comments to UN reinforce market concerns about Iran sanctions

Sep 25, 2018 (UPI)

Brent prices soared again Tuesday, reaching $81.22 in mid-day trading. WTI, the U.S. benchmark for crude oil, remained consistent at $72.12. Both prices have be...

OPEC won't react to Trump's threats, pushing Brent crude oil prices higher

Sep 24, 2018 (UPI)

Brent futures were trading at $80.48 a barrel at noon Monday, up $2.24. That's the highest price for Brent since it touched $80 a barrel briefly in May. The las...

France fountains protest against Total's Brazil oil project

Sep 22, 2018 (AFP)

The protesters insist the plan threatens a "unique" natural habitat. "The Amazon reef is not an oil well" and "Defend the Amazon reef," read banners held aloft ...

China anti-graft agency probes head of energy administration

Sep 21, 2018 (AFP)

Nur Bekri, an ethnic Uighur, had worked his way up in his native Xinjiang, eventually rising to deputy party secretary and government chairman in the far wester...

Stanford study highlights a path and price to coax emissions back into oil reservoirs

Sep 21, 2018 (SPX)

Now, a Stanford University analysis published Aug. 15 in the journal Joule suggests another way the government could encourage the oil and gas industry to captu...

2 pilots killed in Sudan military jet crash: army

Sep 21, 2018 (AFP)

The plane, which was on a training mission, crashed late on Thursday north of Omdurman, the twin city of the capital Khartoum on the west bank of the Nile. "Two...