OIL - INDO DAILY

Jun 21, 2018 (UPI)

The British company, focused on West Africa, said Friday it completed its third well in a drilling campaign in Niger. Drilling in the well, dubbed Kunama-1, was...

Brazil opens door to oil production advances

Jun 21, 2018 (UPI)

A compromise solution from the National Agency of Petroleum reduced fines for non-compliance and made it easier for companies to meet exploration and production...

Wood Mac: Expect moderate action from OPEC

Jun 21, 2018 (UPI)

Ministers from the Organization of Petroleum Exporting Countries arrived this week in Vienna for their regular meeting. At issue this week is a global market in...

Trillions of dollars in investments needed in oil, OPEC says

Jun 21, 2018 (UPI)

Ministers from the Organization of Petroleum Exporting Countries wrap up regular meetings in Vienna on Saturday. Early Friday, ministers agreed to put more barr...

Offshore Guyana on par with the Permian basin

Jun 21, 2018 (UPI)

Exxon Mobil Corp. and partner Hess Corp. announced their eighth oil discovery off the coast of Guyana earlier this week. Steve Greenlee, the president of Exxon'...

Gulf Keystone expecting more oil from Kurdish north of Iraq

Jun 21, 2018 (UPI)

The company said Friday it reached an agreement with the Kurdish Ministry of Natural Resources and MOL Hungarian Oil & Gas to invest enough in northern Iraqi oi...

Signs of OPEC consensus on output pushing oil prices lower

Jun 21, 2018 (UPI)

The International Energy Agency has said the oil market is close to even in terms of the balance between supply and demand. Oversupply during the middle of the ...

Colorado sees bottlenecks crimping oil production

Jun 21, 2018 (UPI)

Colorado crude oil production more than tripled since 2010 and now accounts for about 4 percent of the total U.S. crude oil production. Anadarko Petroleum, one ...

South Sudan foes set to meet after two years

Jun 20, 2018 (AFP)

Ethiopia, which has helped broker the meeting, says rebel leader Riek Machar, who fled South Sudan in July 2016, is expected to meet face-to-face with the count...

Oil prices volatile amid OPEC guessing

Jun 20, 2018 (UPI)

Ministers from the Organization of Petroleum Exporting Countries met Wednesday in Vienna ahead of a late-week formal gathering. Member states are considering th...

Moon suggests Russian gas be piped to Koreas, Japan

Jun 20, 2018 (AFP)

President Moon Jae-in was speaking to Russian news media before a three-day visit to Moscow starting Thursday, with the presidential Blue House releasing the tr...

Noble Group shares soar after deal with key investor

Jun 20, 2018 (AFP)

The former stock market darling had been teetering on the brink of collapse after being hammered by plunging commodity prices, a ratings downgrade and allegatio...

Venezuela sends 'coup plotters' to jail

Jun 20, 2018 (AFP)

A military court handed down sentences of between three and six years, the group Foro Penal announced. Maduro publicly denounced a coup plot in February 2015 th...

Maintenance drags Norwegian oil production lower

Jun 19, 2018 (UPI)

The Norwegian Petroleum Directorate, the nation's energy regulator, reported a preliminary rate of production from May of 1.29 barrels of oil. Including natural...

Venezuelan oil output charting new lows

Jun 19, 2018 (UPI)

State-backed oil company Petróleos de Venezuela, known commonly as PDVSA, notified 11 of its international customers earlier this month that it wouldn't be abl...

Gas prices move lower ahead of OPEC meeting

Jun 19, 2018 (UPI)

Motor club AAA reports a national average retail price of $2.89 for a gallon of regular unleaded gasoline for Tuesday, about a penny less than Monday. Across th...

Trade jitters send the price of oil lower

Jun 19, 2018 (UPI)

The Chinese government responded to additional threats of $200 billion in tariffs on Chinese products from U.S. President Donald Trump by accusing the administr...

Alaska's governor to issue plea to avert trade war

Jun 19, 2018 (UPI)

"Next week, I will meet in Washington with leaders from both governments who have been at the table leading the efforts to avoid an unnecessary trade war," he s...

Iran may have to wait for OPEC considerations

Jun 19, 2018 (UPI)

The Oxford Institute for Energy Studies published its case study on the Friday meeting for members of the Organization of Petroleum Exporting Countries. OPEC is...

South Sudan's warring leaders to meet for talks in Ethiopia

Jun 19, 2018 (AFP)

The rendezvous in Ethiopia's capital Addis Ababa represents the latest international effort to end more than four years of civil war in the world's youngest nat...