OIL - INDO DAILY

Iraq PM cancels visit to sanctions-hit Iran

Aug 12, 2018 (AFP)

Abadi will still go ahead with a planned visit to Turkey on Tuesday but has scrapped the Iran leg of the trip "because of his busy schedule", his office said. A...

Apache Corp. to form new energy transit, storage and marketing company

Aug 10, 2018 (UPI)

With U.S. production trends straining existing pipeline capacity, Apache said it would contribute some of its pipeline assets in the Permian shale to Kayne Ande...

IEA: Supply-side concerns fade, effects of U.S. sanctions unknown

Aug 10, 2018 (UPI)

"Concerns about the stability of oil supply have cooled down somewhat, at least for now," the monthly market report from the International Energy Agency read. L...

Fracking scheduled for British Columbia

Aug 10, 2018 (UPI)

The company announced Friday that a study commissioned from Canadian Discovery Ltd., a consultant firm, of more than 500 drilling sites near Calima's acreage re...

Venezuela facing compounding oil woes

Aug 10, 2018 (UPI)

Manuel Quevedo, the head of state-controlled Petróleos de Venezuela, or PDVSA, announced crude oil production has stabilized after a chronic decline and the co...

Caspian states look to settle maritime issues

Aug 10, 2018 (UPI)

Caspian littoral states -- Russia, Iran, Azerbaijan, Kazakhstan and Turkmenistan -- meet next week in Kazakhstan for a summit aimed at settling simmering disput...

Old fashioned supply and demand pushes oil prices higher

Aug 10, 2018 (UPI)

The International Energy Agency stated in its monthly market report that commercial stocks of crude oil for the world's leading industrialized economies is belo...

Denmark considers Nord Stream 2 permits

Aug 10, 2018 (UPI)

Ture Falbe-Hansen, a spokesman for the Danish Energy Agency, told Russian news agency Tass the government was reviewing new plans submitted for the second leg o...

S. Sudan peace deal 'not realistic', international backers warn

Aug 10, 2018 (AFP)

South Sudan won independence from Sudan in 2011, but a little over two years later its leaders began a fresh civil war pitting President Salva Kiir against his ...

Saudi oil policies not swayed by politics

Aug 09, 2018 (UPI)

Saudi Minster of Energy, Industry and Mineral Resources Khalid al-Falih said his government's policy is to meet market considerations first. "He reiterated that...

Oil prices stable as tensions balance trade concerns

Aug 09, 2018 (UPI)

Crude oil prices lost 3 percent in Wednesday trading after the U.S. Energy Information Administration reported crude oil inventories dropped less than expected....

More product moving through U.S. pipelines

Aug 09, 2018 (UPI)

The company reported second quarter revenue of $8.1 billion, lower than the consensus estimate from Zacks Investment by 12 percent. The company is one of the mo...

Faroe Petroleum next up for exploration offshore Norway

Aug 09, 2018 (UPI)

The Petroleum Safety Authority of Norway gave Faroe Petroleum the permit necessary to use the Transocean Arctic rig to explore for oil and gas in the Rungne are...

ICG: Libyan oil not yet spared from political crises

Aug 09, 2018 (UPI)

Libyan instability re-emerged as a market concern in June when two of the storage tanks at the Ras Lanuf port suffered catastrophic damage during militant attac...

Europe wants U.S. LNG if the price is right

Aug 09, 2018 (UPI)

European Commission President Jean-Claude Juncker and U.S. President Donald Trump in late July included considerations for LNG in their bilateral trade relation...

E.ON supported by integration with Innogy

Aug 08, 2018 (UPI)

The Germany company reported Earnings Before Interest and Taxes, a proxy for profitability, at $1.9 billion for the first half of the year, up 10 percent from t...

Iraq caught in crossfire of US sanctions on Iran

Aug 08, 2018 (AFP)

Washington slapped unilateral sanctions back on Tehran on Tuesday, after pulling out of a landmark 2015 nuclear deal in May. For Iraq, recently emerged from an ...

No luck for Shell in pioneer effort offshore Norway

Aug 08, 2018 (UPI)

The Norwegian Petroleum Directorate, the nation's energy regulator, reported that the regional subsidiary of the Dutch supermajor drilled a dry hole in its firs...

Shale company Continental Resources raises production expectations

Aug 08, 2018 (UPI)

"Continental is in an advantaged position in the current market," Chairman and CEO Harold Hamm said in a statement released after the close of trading on Tuesda...

Niger looks to capitalize on oil wealth

Aug 08, 2018 (UPI)

British energy company Savannah Petroleum, which has a core focus on Africa, signed a memorandum of understanding with Niger's government to move forward with a...