OIL - INDO DAILY

Canadian Natural Resources underperforms in second quarter

Aug 03, 2018 (UPI)

The producer reported 1.05 million barrels of oil equivalent production for the second quarter, an increase of 15 percent from the same period last year, but 6....

US regulators close investigation into Exxon Mobil climate disclosures

Aug 03, 2018 (AFP)

The US Securities and Exchange Commission told Exxon in a letter on Thursday it had closed the case and would not recommend penalties against the oil company. "...

Turkey to reopen Mosul consulate, 4 years after IS seizure: Erdogan

Aug 03, 2018 (AFP)

Ankara had opened a well-staffed consulate in Mosul, in a sign of Turkey's ambitions in northern Iraq, before the rise of IS there and in neighbouring Syria. Bu...

S.Sudan's Kiir vows power sharing deal with rival will hold

Aug 03, 2018 (AFP)

The warring parties last month signed a preliminary powersharing deal which they are expected to finalise in Khartoum on Sunday, that will see Machar return to ...

Oil prices mixed after inventory-fueled spike

Aug 03, 2018 (UPI)

Crude oil prices started the trading day Thursday in negative territory, but quickly shifted into rally mode on signs that U.S. crude oil stocks at the key stor...

Enbridge brags about North American pipeline plans

Aug 03, 2018 (UPI)

The company reported second quarter earnings of $841 million, a 65 percent improvement from the same period last year. Enbridge attributed the gains to strong r...

Platts: Supply-side issues addressed at OPEC

Aug 03, 2018 (UPI)

According to data and sentiment gathered from analysts, industry officials and shipping data, S&P Global Platts determined members of the Organization of Petrol...

Iran conducts naval exercise in Gulf: US official

Aug 02, 2018 (AFP)

The timing of the exercise is unusual, as it appears to be similar in scale and nature to a drill that ordinarily happens later in the autumn. The official, spe...

Seoul deploys warship to Libya after S. Korean, Filipinos kidnapped

Aug 02, 2018 (AFP)

The 4,000-tonne vessel, Munmu the Great, which takes part in anti-piracy operations in the Gulf of Aden, was now on its way to Libya, officials said. In additio...

Russia cites trade wars as a negative factor for oil prices

Aug 01, 2018 (UPI)

On Wednesday, U.S. Trade Representative Robert Lighthizer said President Donald Trump had called for an increase in tariffs targeting $200 billion in Chinese go...

Report highlights short-term strains on oil supplies

Aug 01, 2018 (UPI)

The Westwood Global Energy Group reported that geopolitical issues are creating artificial bottlenecks for global oil production. "Despite OPEC's best efforts t...

Enterprise Product Partners lauds new pipeline growth

Aug 01, 2018 (UPI)

The company reported net income declined, but cash flow improved over the first quarter. Adjusted earnings before interest, taxes, depreciation and amortization...

TransCanada boasts of gains in earnings per share

Aug 01, 2018 (UPI)

TransCanada reported net income for the second quarter of $602 million, compared with $676 million during the same period last year. Earnings per share, preside...

Rig company Nabors pegs success to U.S. shale

Aug 01, 2018 (UPI)

Nabors reported a loss attributable to common shareholders of $202 million for the second quarter, compared with a loss of $144 million in the previous quarter....

Eni gets nod for major oil development offshore Mexico

Aug 01, 2018 (UPI)

Eni CEO Claudio Descalzi said Wednesday he was "extremely satisfied" that Mexican authorities signed off on the development plan for a string of discoveries in ...

Whiting Petroleum proves Bakken mettle

Aug 01, 2018 (UPI)

"In the second quarter, Whiting continued its streak of delivering production results above forecast and generating significant cash flow above capital expendit...

Oil prices drift lower on trade concerns

Aug 01, 2018 (UPI)

Iran on Wednesday said a new naval destroyer was in the testing phase ahead of a deployment to the Strait of Hormuz. A rear-admiral said that, if Iran's oil exp...

AAA: Consumer demand could drive gas prices higher

Aug 01, 2018 (UPI)

The U.S. Energy Information Administration reported earlier this week that demand for gasoline for the week ending July 27 was 1,000 barrels per day short of se...

Oil prices drop on reports of U.S. inventory build

Aug 01, 2018 (UPI)

Oil prices were on the downward trajectory on Tuesday even though BP CEO Bob Dudley said he saw a series of supply-side issues that would be supportive in the s...

Though oil is on the line, Iran not buying U.S. PR stunts

Aug 01, 2018 (UPI)

Iranian Foreign Minister Javad Zarif said through his official Twitter account the U.S. government under President Donald Trump should respect the Joint Compreh...