OIL - INDO DAILY

Oil spills expose indigenous communities to toxic metals

Feb 09, 2018 (UPI)

The findings -- published this week in the journal Environmental Health -- are only the latest to highlight the significant environmental hazards faced by alrea...

Oil prices slump, even after sigh of relief on passage of U.S. budget bill

Feb 09, 2018 (UPI)

Oil prices have lost all of the ground gained during a rally that extended through most of January. Along with major U.S. stock indices, crude oil prices settle...

Russia lowers key rate while striking upbeat tone

Feb 09, 2018 (UPI)

The board of directors at the Central Bank of Russia said Friday it lowered its key rate 25 basis points to 7.5 percent annually, while maintaining something of...

Governors called to follow California in limiting offshore drilling

Feb 08, 2018 (UPI)

A public hearing is scheduled Thursday in California on a five-year drilling plan outlined by the U.S. Interior Department in January. It's the only public hear...

North Sea oil pipeline back in service after short outage

Feb 08, 2018 (UPI)

The price for Brent crude oil, the global benchmark based on the basket of crude oils produced from the North Sea, got a brief jolt in morning trading Wednesday...

Oil prices search for momentum on competing trends

Feb 08, 2018 (UPI)

Crude oil prices have moved lower for much of February, erasing most of the gains since the end of 2017. January started off in clear rally mode on the back of ...

Oklahoma's earthquakes strongly linked to wastewater injection depth

Feb 08, 2018 (SPX)

Oklahoma has been a seismic hotspot for the past decade, with the number of damaging earthquakes - including the magnitude 5.8 Pawnee earthquake in 2016 - regul...

Libyan oil production hits post-Gadhafi high

Feb 08, 2018 (UPI)

Libyan oil production had faltered in the years since the downfall of the regime of Moammar Gadhafi in 2011, nearly grinding to a halt as a result of simmering ...

Canadian oil company Suncor producing more for less

Feb 08, 2018 (UPI)

Suncor recorded operating earnings of $1 billion (USD) in the fourth quarter, compared with $504 million in the same period for 2016. Net earnings of $1.1 were ...

Total reports 28 percent bump in adjusted net income

Feb 08, 2018 (UPI)

The French supermajor is the latest to issue its quarterly reports, following its British counterpart BP in issuing solid figures for the fourth quarter. Total ...

U.S. mulling over impact of oil-related sanctions on Venezuela

Feb 08, 2018 (UPI)

On a tour of Latin America, U.S. Secretary of State Rex Tillerson has expressed mounting concerns about the political affairs in Venezuela, a top oil producer. ...

Russia to boost Sudan military: Bashir

Feb 08, 2018 (AFP)

In an address to army officers and soldiers in the Red Sea town of Port Sudan, Bashir said the plan aimed to enable the Sudanese military to counter any threat....

Africa-focused Tullow Oil strikes optimistic tone

Feb 07, 2018 (UPI)

At the end of 2017, the company said it had $1 billion in free cash with no near-term debt maturities. It's expecting continued growth because of the steady inc...

Oil production from Venezuela is at its lowest in decades

Feb 07, 2018 (UPI)

Secondary sources reporting to economists at the Organization of Petroleum Exporting Countries said member state Venezuela produced on average 1.7 million barre...

Outlook for one of Norway's biggest oil fields improves

Feb 07, 2018 (UPI)

Norwegian operator Statoil, which holds a majority share in the Johan Sverdrup partnership, revealed the resource range has been updated slightly, from 3 billio...

Axing fossil fuel subsidies scant help on climate: study

Feb 07, 2018 (AFP)

"Unfortunately, it is not the silver bullet many had hoped," they said in a statement. "Removing fossil fuel subsidies would only slightly slow the growth of CO...

U.S. oil and gas improvements spreading out from Texas

Feb 07, 2018 (UPI)

Commodity pricing group S&P Global Platts said its January land rig count, emailed to UPI, was up 4 percent from December and 40 percent higher than for January...

Uproar continues over Trump's offshore drilling plans

Feb 07, 2018 (UPI)

Florida is at the center of a debate over President Donald Trump's offshore drilling proposal, which would open up nearly all U.S. territorial waters to driller...

Iranian energy trade with Iraq improving

Feb 07, 2018 (UPI)

Aside from crude oil, Iran, one of the leading producers in the Organization of Petroleum Exporting Countries, has some of the largest deposits of natural gas i...

Oil prices mixed post-selloff

Feb 07, 2018 (UPI)

The U.S. Energy Information Administration reported total January crude oil production averaged 10.2 million barrels of oil per day, an increase of 100,000 barr...