New York (UPI) Sep 6, 2016 - Slower second quarter growth in the European economy, coupled with a more measured look at production rumors, brought oil prices lower early Tuesday.
Houston (UPI) Sep 6, 2016 - After taking a partial cash offer for assets in the region, Royal Dutch Shell said it started production at its deepest project yet in the Gulf of Mexico.
Stavanger, Norway (UPI) Sep 6, 2016 - After stating its intention to move to northern waters, Norwegian energy company Statoil said it strengthened its grip on Barents Sea assets.
London, UK (SPX) Sep 06, 2016 - The collapse of oil prices has ground shale drilling to a halt, but the one region where drilling is still active, and even increasing, is in West Texas. The Permian Basin is one of the last profita
Hangzhou, China (UPI) Sep 5, 2016 - Recognizing a tilt to the supply side in the global market for crude oil, Russia and Saudi Arabia said Monday they'd work jointly to diminish volatility.
Calgary, Alberta (UPI) Sep 2, 2016 - North Dakota crude oil production is too low to support the development of the planned east-bound Sandpiper pipeline, Enbridge Energy announced.
Washington (UPI) Sep 2, 2016 - U.S. gas prices moving into the last major travel holiday of the season are at their lowest in more than a decade and tracking even lower, the government said.
Tehran (UPI) Sep 2, 2016 - One of the first oil fields likely on tap for post-sanctions contracts in Iran is on schedule for further exploration and production work, a director said.
Dubai, United Arab Emirates (UPI) Sep 2, 2016 - Subdued growth in the economy for oil-rich Nigeria could be undermined if the country's production levels don't recover, Moody's Investors Service said.
New York (UPI) Sep 2, 2016 - Crude oil prices jumped in early Friday trading on renewed speculation about production moves and dimmed prospects for a U.S. rate hike.
Kiev, Ukraine (UPI) Sep 2, 2016 - Russia is called to the table to discuss natural gas issues with Ukrainian and European leaders, a member of the European Commission said Friday.
New York (UPI) Sep 1, 2016 - A lauded possibility of a narrowing gap between supply and demand in the market for crude oil has yet to materialize on the global stage, analysts said.
Jakarta (UPI) Sep 1, 2016 - Indonesia is now producing natural gas from a deep-water site that represents a milestone for the country's energy goals, a Chevron subsidiary said.
Melbourne (UPI) Sep 1, 2016 - An oil field off the coast of Senegal is considered a commercial prospect with a capacity to produce 140,000 barrels of oil per day, an Australian company said.
Oslo, Norway (UPI) Sep 1, 2016 - With an emerging focus on northern reserves, a Norwegian energy regulator said it gave a petroleum company approval to start drilling in the Barents Sea.
New York (UPI) Sep 1, 2016 - Tepid labor reports from the United States and signs that global crude oil supplies were accumulating sent oil prices lower at the start of trading Thursday.
