OIL - INTERN DAILY

Production gains seen in some OPEC members

Mar 14, 2017 (UPI)

Secondary sources reporting to OPEC said member states operating outside a production deal increased production last month by more than 80,000 barrels per day. ...

Russia reacts to steep drop in oil prices

Mar 14, 2017 (UPI)

The dramatic drop in crude oil prices is in large part because of "aggressive" output in the United States, but OPEC still factors in, a Russian minister said. ...

AMEC Foster Wheeler agrees to $2.6B takeover by Wood Group

Mar 13, 2017 (UPI)

Wood Group will purchase AMEC Foster Wheeler for $2.6 billion in a move that will combine two of Britain's largest energy services. In a statement announcing th...

Oil woes continue on reported G20 slowdown

Mar 13, 2017 (UPI)

Concerns about the buildup in oil supplies and a report on a modest decline in some of the world's leading economies sent oil prices lower early Monday. Crude o...

Business confidence improving for oil-rich Russia

Mar 13, 2017 (UPI)

With crude oil prices improving over last year's slump, a market report finds most companies in Russia are expecting modest recovery. A November forecast from t...

Broader pressures remain, though Texas energy sector recovering

Mar 13, 2017 (UPI)

There were twice as many oil and natural gas discoveries recorded in Texas in February than during the previous month, a state regulator reported. The Railroad ...

OPEC cuts not having dramatic effect for members

Mar 13, 2017 (UPI)

Parties to an OPEC-led effort to bring the oil market back to a healthy balance between supply and demand have more work to do, an industry analyst said. The Or...

Europe vetting comments on Russia's control over gas

Mar 13, 2017 (UPI)

All interested parties are invited to offer comments on whether or not Russian natural gas company Gazprom is playing by the rules in Europe, the European Commi...

Tillerson recuses himself from Keystone XL decision

Mar 10, 2017 (AFP)

US Secretary of State Rex Tillerson, a former oil executive, recused himself Thursday from any role in approving the Keystone XL pipeline between Canada's tar s...

Trudeau makes the case for Canadian energy in Houston

Mar 10, 2017 (UPI)

Canadian Prime Minister Justin Trudeau affirmed his country's energy commitment to the United States during a speech in Houston. During the speech, made to the ...

U.S. crude oil sales to Asia quickly growing

Mar 10, 2017 (UPI)

The growing influence of U.S. crude oil exports to Asia was a topic at a recent oil conference in London. It had been 40 years since crude oil was exported from...

U.S. companies claim largest onshore oil discovery in 30 years

Mar 10, 2017 (UPI)

Energy enterprises Repsol and Armstrong Energy say they made the largest U.S. onshore oil discovery in three decades in Alaska. The conventional hydrocarbon oil...

Oil sands development threatens Canadian nature reserve: UNESCO

Mar 10, 2017 (AFP)

Canada has failed to adequately protect a national park and world heritage site that neighbors a massive oil sands development, UNESCO said Friday. The UN organ...

Native Americans march on White House over Dakota pipeline

Mar 10, 2017 (AFP)

Native American groups staged a march to the White House Friday against the construction of a controversial oil pipeline, which they fear could desecrate tribal...

Argonne invents reusable sponge that soaks up oil

Mar 09, 2017 (SPX)

When the Deepwater Horizon drilling pipe blew out seven years ago, beginning the worst oil spill in U.S. history, those in charge of the recovery discovered a n...

Researchers link methane in groundwater in Parker and Hood counties to natural sources

Mar 09, 2017 (SPX)

Scientists from The University of Texas at Austin have found that high levels of methane in well water from two counties near Fort Worth are probably from shall...

Advocates turn focus to Minnesota oil pipeline

Mar 08, 2017 (UPI)

An expansion to a Minnesota oil pipeline poses a direct threat to water supplies in the region, conservationists and tribal groups told the State Department. Hu...

U.S. oil supply, inventories send crude oil prices lower

Mar 08, 2017 (UPI)

Crude oil prices early Wednesday moved sharply lower after an industry group reported a large buildup in inventories, suggesting supply-side pressures remain. C...

Oklahoma oil, gas tax collections lower year-over-year

Mar 08, 2017 (UPI)

Tax collections from oil and gas production last year were more than 10 percent off the previous year, though the Oklahoma state treasury expressed optimism. S&...

Shell approves $7.25B Canadian oil sands sale

Mar 08, 2017 (UPI)

Royal Dutch Shell inked a pair of agreements to sell $7.25 billion worth of undeveloped oil sands interests in Canada to other companies in the country. The mov...