OIL - INDO DAILY

Iran proposes extraordinary OPEC meeting

Aug 08, 2018 (UPI)

Without referencing a specific country, Oil Minister Bijan Zangeneh said he was frustrated that some parties to a multilateral agreement to keep supplies in che...

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...

Iran expects non-U.S. support for nuclear deal

Aug 07, 2018 (UPI)

U.S. President Donald Trump on Monday signed an executive order that re-imposed sanctions on Iran that were lifted when the United States was party to the Joint...

U.S. sanctions on Iran drive oil prices higher

Aug 07, 2018 (UPI)

Iranian President Hassan Rouhani said he had support from the Europeans, China and Russia in regard to a U.N.-backed nuclear agreement that offers sanctions rel...

Iraq to reluctantly comply with US sanctions on Iran: PM

Aug 07, 2018 (AFP)

"We don't support the sanctions because they are a strategic error, but we will comply with them," he said. "In general, sanctions are unjust." Iraq is the seco...

Fears of deja vu as South Sudan gives peace another chance

Aug 07, 2018 (AFP)

A deal signed Sunday between the rivals and other opposition parties under the mediation of Khartoum was welcomed with celebrations from the capital Juba to cam...

Iran, US trade barbs ahead of renewed sanctions on Tehran

Aug 07, 2018 (AFP)

Trump's withdrawal from the historic 2015 nuclear accord in May and the reimposition of embargoes has infuriated his European partners, as many western business...

Sanchez Energy seeking outside advice

Aug 07, 2018 (UPI)

CEO Tony Sanchez III said the board of directors was soliciting outside advice to guide it through a review of corporate performance across its entire portfolio...

New oil from British North Sea expected by 2021

Aug 07, 2018 (UPI)

Nexen leads a partnership of British energy companies and services companies like Subsea 7 and Baker Hughes at the second phase of the Buzzard field. Nexen said...

There's a lack of clarity on direction for U.S. gas prices

Aug 07, 2018 (UPI)

Motor club AAA reports a national average retail price of $2.86 for a gallon of regular unleaded for Tuesday, relatively unchanged over the past month. Jeanette...

Cuban oil estimate revised higher

Aug 07, 2018 (UPI)

The company, which has headquarters in Australia, said an independent assessment found the best estimate for oil in place for the Block 9 prospect on the northe...

CORRECTED: Venezuela 'attack' brings denials from US, Colombia; support from allies

Aug 06, 2018 (AFP)

Maduro also said investigations pointed to financial backers who live in the US state of Florida. The Venezuelan government has also put the blame at the door o...

Saudi oil shipments moving near Yemen again

Aug 06, 2018 (UPI)

In a statement Saturday, the Saudi Arabian Oil Co. announced oil was moving again through the Bab-el-Mandeb Strait. "The company will continue to monitor the si...

LNG player Sempra takes second quarter loss

Aug 06, 2018 (UPI)

The company reported a $561 million loss for the second quarter, compared with $259 million in earnings during the same period last year. The results included a...

Lower market availability pushes oil prices into positive territory

Aug 06, 2018 (UPI)

From an assassination attempt on Venezuelan President Nicolas Maduro to emerging trade tensions between the United States and China, the weekend was full of eve...

Strikes halt North Sea oil production

Aug 06, 2018 (UPI)

Unite on July 23 called for a continuous ban on overtime hours as part of its ongoing dispute with the French company. A 24-hour work stoppage started at 6 a.m....

Safety issues uncovered at North Sea field

Aug 06, 2018 (UPI)

The Petroleum Safety Authority of Norway released the results of an audit of the Martin Linge B floating production facility in the North Sea. Equinor leases th...

Iran facing tough new sanctions reality

Aug 06, 2018 (UPI)

Iran under the new sanctions is barred from purchasing or acquiring U.S. dollars and limited in what it can do with its own currency, the rial, outside of Irani...

Venezuela's Maduro, still standing after 'assassination' attempt

Aug 05, 2018 (AFP)

"I am fine, I am alive, and after this attack I'm more determined than ever to follow the path of the revolution," said the 55-year-old following an alleged att...

Maduro says he escaped drone 'assassination' attempt, blames Colombia

Aug 05, 2018 (AFP)

His government said seven soldiers were wounded in the incident. "It was an attack to kill me, they tried to assassinate me today," Maduro said in a later state...