OIL - INDO DAILY

Crude oil prices barely recover after Wednesday's loss

Aug 16, 2018 (UPI)

The price for Brent crude oil finished lower by 2.35 percent on Wednesday after the U.S. Energy Information Administration reported U.S. crude oil inventories s...

Court orders new review of Keystone XL pipeline

Aug 16, 2018 (UPI)

The U.S. District Court of the District of Montana's Great Falls division ruled that TransCanada and the U.S. State Department must supplement a 2014 environmen...

Australian oil discovery a likely game changer

Aug 16, 2018 (UPI)

Australian companies Quadrant Energy and Carnarvon Petroleum announced surprised results of a drilling operation at its so-called Phoenix blocks off the coast o...

Cash flow soars for Russia's Gazprom Neft

Aug 16, 2018 (UPI)

The company in its second-half announcement said revenues increased 24.4 percent from the same period last year and free cash flow of $708 million marked a 77 p...

DNO pays out first dividend in 13 years

Aug 16, 2018 (UPI)

The company reported Thursday that second-half revenue of $289 million represented an 83 percent increase from the same period last year. Singling out its asset...

North Sea oil and gas find bigger than expected

Aug 16, 2018 (UPI)

The Norwegian Petroleum Directorate, the nation's energy regulator, reported that Equinor has finished drilling an appraisal well at its Sigrun oil and gas disc...

Eni building up its position in Egypt

Aug 14, 2018 (UPI)

The company stated Tuesday that its plans to oversee an exploration license on the Nile Delta basin in the Egyptian waters of the Mediterranean Sea were approve...

Survey completed at giant Australian oil and gas basin

Aug 14, 2018 (UPI)

Working in coordination with Australian energy company Santos and French supermajor Total, Melbana said the survey was completed safely and without incident. Se...

Venezuelan general arrested over 'attack' on Maduro

Aug 14, 2018 (AFP)

Major General Alejandro Perez Gomez of the country's national guard appeared before a judge on Monday along with opposition politician Juan Requesens and anothe...

U.S. offshore lease a barometer for market recovery

Aug 14, 2018 (UPI)

The U.S. Bureau of Ocean Energy Management on Wednesday holds a lease for the rights to tap into more than 14,000 sites spread out over 78 million acres in the ...

U.S. gas prices stable ahead of Labor Day

Aug 14, 2018 (UPI)

Motor club AAA reported a national average retail price for regular unleaded gasoline at $2.86 per gallon on Tuesday, relatively unchanged for two weeks in a ro...

Oil prices rise on Turkish relief, Saudi oil slowdown

Aug 14, 2018 (UPI)

Swift devaluation of the Turkish lira, compounded by U.S. trade pressure, spilled over into the broader market to rattle investor nerves last week. The national...

LNG next test for capital efficiency

Aug 14, 2018 (UPI)

A report sent Tuesday to UPI from the consultant group found deepwater efforts are improving. During the last decade, the 15 largest efforts offshore were late ...

Oil prices inch lower on Turkish correction

Aug 13, 2018 (UPI)

U.S. President Donald Trump added fuel to the fire in the Turkish economy by pledging to double the rate for tariffs on Turkish exports of aluminum in steel. Tu...

North Sea player Neptune expanding its position

Aug 13, 2018 (UPI)

Neptune said it acquired working interests in the Isabella and Seagull prospects in the British waters of the North Sea from the regional subsidiary of Apache, ...

China committed to Iranian oil and gas

Aug 13, 2018 (UPI)

Andrey Yu, the head of the China Petroleum and Chemical Industry Federation, was quoted by Iran's official Islamic Republic News Agency as saying Chinese compan...

OPEC economists see bullish trends offset by trade disputes

Aug 13, 2018 (UPI)

Economists at the Organization of Petroleum Exporting Countries left estimates for global growth in gross domestic product unchanged at 3.8 percent for 2018 in ...

Morningstar: China is a critical market for U.S. oil

Aug 13, 2018 (UPI)

Total U.S. crude oil exports to China averaged 22,000 barrels per day in 2016, the first year for U.S. oil shipments following the lifting of a 40-year-old ban ...

Effort to find new hydrocarbons in the Barents Sea fails

Aug 13, 2018 (UPI)

The Norwegian Petroleum Directorate, the nation's energy regulator, released data from a wildcat effort carried out by the regional subsidiary of Spirit Energy ...

Caspian states make little energy headway

Aug 13, 2018 (UPI)

Caspian littoral states -- Russia, Iran, Azerbaijan, Kazakhstan and Turkmenistan -- met during the weekend in Kazakhstan for a summit aimed at settling simmerin...