
Oil prices rally on return of market balance
New York (UPI) May 12, 2016 - Data showing strong gains in global demand and a year-on-year slowdown in growth in oil production led to a rally in crude oil prices in early Thursday trading.
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New York (UPI) May 12, 2016 - Data showing strong gains in global demand and a year-on-year slowdown in growth in oil production led to a rally in crude oil prices in early Thursday trading.
May 12, 2016

Durham NC (SPX) May 12, 2016 - Spills from oil and gas operations can contaminate local water and soil with high levels of toxic chemicals, salts and radioactivity, but in many cases there is insufficient information to determine
May 12, 2016

Raleigh NC (SPX) May 12, 2016 - Materials researchers at North Carolina State University have developed a new technique to deposit diamond on the surface of cubic boron nitride (c-BN), integrating the two materials into a single c
May 12, 2016

Washington (AFP) May 12, 2016 - The United States on Thursday unveiled the first federal regulations on methane - a powerful greenhouse gas that accelerates global warming - aimed at reducing emissions from new oil and gas operations.
May 12, 2016

Stavanger, Norway (UPI) May 12, 2016 - A subsidiary of German oil and gas producer Wintershall said it awarded a contract to Halliburton for work in the Norwegian Sea, describing it as a market booster.
May 12, 2016

Edmonton, Alberta (UPI) May 11, 2016 - None of the infrastructure in Alberta, home to some of the largest oil deposits in the world, was damaged by raging wildfires, the government said.
May 11, 2016

Tehran (UPI) May 11, 2016 - Iranian tankers are expected to start delivering crude oil to port cities feeding the European market in less than a month, a commercial director said.
May 11, 2016

Stockholm, Sweden (UPI) May 11, 2016 - Swedish energy company Lundin Petroleum said there is no doubt the industry is under pressure, but stressed its assets offshore Norway should spur recovery.
May 11, 2016

Milan, Italy (UPI) May 11, 2016 - Italian energy company Eni said Wednesday it was able to boost its production at a gas field in Egypt within a year of making the initial discovery.
May 11, 2016

Vienna (UPI) May 11, 2016 - Austrian energy company OMV said it expects the natural gas market in particular to be challenging this year, focusing its sentiment on European strategies.
May 11, 2016

New York (UPI) May 11, 2016 - Crude oil prices were mixed to start the day Wednesday, with Nigerian oil offline at the same time as North American markets breathe a sigh of relief.
May 11, 2016

Austin, Texas (UPI) May 11, 2016 - The number of oil and natural gas drilling permits issued by Texas regulators in April was lower year-on-year by 20 percent, state data show.
May 11, 2016

Fort Mcmurray, Canada (AFP) May 10, 2016 - The wildfire raging in Canada is forcing a reduction in oil output at the worst possible time in a country where the energy sector accounts for 10 percent of GDP and thousands have lost their jobs due to low crude prices.
May 10, 2016

Fort Mcmurray, Canada (AFP) May 10, 2016 - Crews worked Tuesday to start restoring water and electricity in this Canadian petroleum hub crippled by huge forest fires, as officials said stalled oil production could resume in days.
May 10, 2016

Washington (UPI) May 10, 2016 - Nigeria is the largest oil producer in Africa, though it's plagued with risks as much of the industry is in the conflict-prone Niger Delta, analysis finds.
May 10, 2016

Copenhagen, Denmark (UPI) May 10, 2016 - Danish energy company Maersk Oil announced it was trimming its payroll in an effort to cut costs in response to the pressure from lower oil prices.
May 10, 2016