OIL - INDO DAILY

Crude oil rises on news of decline in U.S. inventories

Aug 30, 2018 (UPI)

U.S. crude oil inventories fell 2.57 million barrels in the week ending Aug. 24, the Energy Information Administration reported on Wednesday. The inventories fo...

Russia, Saudi Arabia to discuss oil market issues

Aug 29, 2018 (UPI)

Russian Foreign Minister Sergei Lavrov is set to discuss conflicts in Syria and Yemen, as well as bilateral issues related to the energy sector. Russia sits on ...

Oil prices supported by strong U.S. GDP

Aug 29, 2018 (UPI)

The American Petroleum Institute reported after the close of trading Tuesday that its data show U.S. crude oil inventories gained 38,000 barrels last week and g...

Brazil deploys military to boost security at Venezuela border

Aug 29, 2018 (AFP)

Earlier this month, more than a thousand homeless Venezuelan immigrants who had flooded over the border into Brazil's northwestern Roraima state were driven bac...

Conflict rocks OPEC member Libya

Aug 29, 2018 (UPI)

The U.N. Support Mission in Libya called for calm following clashes in and around the capital city, Tripoli. All parties to the violence are called to lay down ...

Iraq short on spare gas and diesel supplies

Aug 29, 2018 (UPI)

Ali Sabah, identified by the Iraqi news outlet Rudaw as an official in the Iraqi Oil Ministry, said the federal government lacks stocks of gasoline and diesel t...

Equinor identifies Brazil as a core area of focus

Aug 29, 2018 (UPI)

Equinor has more than 90,000 barrels of oil per day in production in Brazil and investments of around $10 billion in place. "We have a portfolio with the potent...

Petronas wades into Gambian waters

Aug 28, 2018 (UPI)

Australian energy company FAR Ltd., which has a core focus in West Africa, said the Gambian government signed off on a deal that brings a subsidiary of Petrolia...

Exxon drills deep for Australian natural gas

Aug 28, 2018 (UPI)

The subsidiary, Esso Deepwater Gippsland, said it started drilling two exploration wells in the deepwaters of the Gippsland Basin off the southern coast of Aust...

Experts: Gas prices should rise over Labor Day holiday

Aug 28, 2018 (UPI)

"With Labor Day approaching, motorists could see a small swing towards higher gas prices, but any jump should not last past the holiday weekend," Jeanette Casse...

U.S. energy sector eager for Mexican trade specifics

Aug 28, 2018 (UPI)

Calling it the "United States-Mexico Trade Agreement," U.S. President Donald Trump on Monday announced the completion of a preliminary trade agreement that cent...

Equinor: We need big investments now offshore Norway

Aug 28, 2018 (UPI)

"The Norwegian continental shelf still holds a lot of potential, however securing value creation and thousands of jobs for the decades to come is not an easy ta...

Oil market gets slight boost from North American trade

Aug 28, 2018 (UPI)

U.S. President Donald Trump lauded a trade proposal with Mexico as a landmark deal that supports his pledge to modernize the North American Free Trade Agreement...

Norwegian energy companies spar over board seats

Aug 27, 2018 (UPI)

DNO in early August called for a general meeting at Faroe to consider placing Chairman Bijan Mossavar-Rahmani and Managing Director Bjørn Dale on the board of ...

North Sea oil and gas appraisal results better than expected

Aug 27, 2018 (UPI)

The Norwegian Petroleum Directorate, the nation's energy regulator, assessed the results of an appraisal of a discovery proved in 2009. Before drilling, Lundin ...

In India, Shell agrees to buy LNG from Total

Aug 27, 2018 (UPI)

Total on Monday signed a binding letter of intent to sell its 26 percent stake in the Hazira regasification terminal in India to Royal Dutch Shell. At the same ...

India's oil appetite is growing

Aug 27, 2018 (UPI)

Economists at the Organization of Petroleum Exporting Countries expect the Chinese economy to grow by 6.6 percent this year. India's economy is on pace to grow ...

Johan Sverdrup reserve estimate revised higher

Aug 27, 2018 (UPI)

Equinor and its joint venture partners submitted their plan for development of the second phase of the Johan Sverdrup oil field to the Norwegian government. At ...

Iran urges UN court to halt 'economic strangulation' by US

Aug 27, 2018 (AFP)

The Islamic Republic launched a suit at the International Court of Justice over US President Donald Trump's decision to reimpose the sanctions that had been lif...

Oil prices flat on light trading and OPEC waiting

Aug 27, 2018 (UPI)

A joint committee monitoring compliance with OPEC's effort to stabilize the market meets later on Monday to review the multilateral effort, now in its second ye...