Washington (UPI) Aug 14, 2014 - The rise in U.S. crude oil production hasn't translated to cheap gasoline because output isn't universal and energy markets are global, a market analyst said.
Beijing (UPI) Aug 13, 2014 - Chinese imports of crude oil during the second half of the year are expected to account for more than half of its supplies, an industry analyst said Wednesday.
Moscow (UPI) Aug 13, 2014 - Natural gas production from members of the European Union is expected to decline by more than 40 percent in the coming years, Russian analysis Wednesday finds.
Caracas, Venezuela (UPI) Aug 13, 2014 - Venezuela's state-owned oil company has hired a French bank to help offload Citgo, its U.S. downstream entity, an executive at the company said.
Boston (UPI) Aug 13, 2014 - The North American subsidiary of GDF Suez said it was buying liquid natural gas from a Montreal company to address upcoming demand in New England.
Houston (UPI) Aug 13, 2014 - Oil services company Schlumberger said it expects to take a financial hit as a result of Western sanctions targeting the Russian energy sector.
Dusseldorf, Germany (UPI) Aug 13, 2014 - German energy company E.ON said Wednesday its exploration and production activity in the North Sea was the bright spot in an otherwise poor fiscal report.
Washington (UPI) Aug 13, 2014 - The U.S. Energy Department said it was including the eastern Utica shale formation in a monthly productivity report because of exponential growth in output.
Washington (UPI) Aug 13, 2014 - Total crude oil production in the United States in July was the highest level in more than a quarter century, the U.S. Energy Department said.
Geneva, Switzerland (UPI) Aug 13, 2014 - Energy and commodity trading company Vitol said Wednesday it launched a retail business service in Australia after acquiring assets from Royal Dutch Shell.
Washington (UPI) Aug 12, 2014 - The federal U.S. government said it outlined three areas off the coast of North Carolina as potential sites for commercial wind energy development.
Washington (UPI) Aug 12, 2014 - North Dakota Gov. Jack Dalrymple said he was pressing the U.S. energy secretary on comprehensive ways to make crude oil transportation safer.
Vienna (UPI) Aug 12, 2014 - Disruptions in Libya were in part to blame for the 37 percent decline in second quarter profits, Austrian oil and gas company OMV said Tuesday.
Paris (UPI) Aug 12, 2014 - Global demand for oil should accelerate by 1.3 million barrels per day in 2015, a 30 percent increase, because of economic recovery, the IEA said from Paris.
Tehran (UPI) Aug 12, 2014 - Removing sanctions on Iran will benefit the regional and global economies, Iranian President Hassan Rouhani said Tuesday from Tehran.
Moscow (UPI) Aug 12, 2014 - An arbitration panel at The Hague decided its case against former Russian oil company Yukos on political grounds, Russia's deputy foreign minister said Tuesday.
