OIL - SINO DAILY

Oct 26, 2016 (UPI)

Investments in the Russian oil sector are expected to expand in comparison to last year, though nothing is certain for 2017, a deputy energy minister said. "Thi...

Oil prices say goodbye to $50

Oct 26, 2016 (UPI)

With OPEC sending messages lacking details, markets reacted to data showing a sizeable build in supplies and sent oil prices in retreat early Wednesday. Crude o...

DONG Energy reviewing oil and gas options

Oct 26, 2016 (UPI)

Danish company DONG Energy said it was realigning its priorities around clean-energy options, but not necessarily leaving its oil and gas business behind. DONG ...

Weatherford: The worst is over

Oct 26, 2016 (UPI)

Even though it reported a steep loss for the third quarter, oilfield services company Weatherford International said the worst of the downturn was over. The com...

Baker Hughes sees recovery on the horizon

Oct 25, 2016 (UPI)

Results for the third quarter were indicative of a market under pressure, though oilfield services company Baker Hughes said recovery was on the horizon. The co...

Eagle Ford shale exchange looks like net win

Oct 25, 2016 (UPI)

U.S. shale player Sanchez Energy said it was optimizing its balance sheet by unloading non-core assets in one of the premier basins in Texas. For a cash conside...

Blame OPEC for the price at the pump

Oct 25, 2016 (UPI)

Coordinated efforts from OPEC are partially behind what would otherwise be a period of historically lower U.S. gasoline prices, market analyses find. Motor club...

Oil prices turn lower on supply prospects

Oct 25, 2016 (UPI)

Crude oil prices moved lower at the start of trading Tuesday as supply-side pressures endured, even after a U.S. crude oil pipeline returned to service. Oil mov...

Nigerian oil export pipeline attacked

Oct 25, 2016 (UPI)

The group calling itself the Niger Delta Avengers said its fighters on Tuesday took out an oil export pipeline in Nigeria operated by Chevron. "This action is t...

Dakota Access pipeline protests grow

Oct 24, 2016 (UPI)

Protests against the construction of the Dakota Access pipeline are endangering the safety of the public and violating federal aviation rules, authorities said....

Oil-rich Texas sees recovery ahead

Oct 24, 2016 (UPI)

Even though job growth was slower than last year, a senior economist in Texas said the recovery in crude oil prices suggested recovery was on the way. "Broad in...

Oil prices collapse amid OPEC positioning

Oct 24, 2016 (UPI)

The latest chatter over production moves from members of OPEC overshadowed small improvements in the European economy to send oil prices crashing early Monday. ...

Moody's sees banks recovering in Russia

Oct 24, 2016 (UPI)

Though problem loans will continue to drag on performance, Moody's said it raised its outlook on the bank system for oil-rich Russia from negative to stable. "S...

Oil spill reported at key U.S. storage depot

Oct 24, 2016 (UPI)

Local media in Oklahoma reported Monday a company was working to contain a release of crude oil from near the main U.S. oil storage hub in Cushing. News9, a CBS...

Schlumberger welcomes the return to balance

Oct 21, 2016 (UPI)

Echoing sentiments from some of its customers, oilfield services company Schlumberger said the oil market is in balance and recovery is on the way. "After calli...

U.S. importing more oil for the first time since 2010

Oct 21, 2016 (UPI)

The U.S. Energy Department said it expected more crude oil will enter the country from foreign countries in part because U.S. oil was less cost effective. Durin...

Russia won't keep low oil profile

Oct 21, 2016 (UPI)

Russia is not going to keep a low profile in the global battle for a stronger presence in the oil market, the head of oil company Rosneft said. The Organization...

Shell unloads Canadian acreage for $1 billion

Oct 21, 2016 (UPI)

The Canadian subsidiary of Royal Dutch Shell said it was shedding some of its assets in the country for $1 billion in an effort to build shareholder value. Shel...

Europe breaking Russia's energy grip on Finland

Oct 21, 2016 (UPI)

The signing of an investment deal for a Baltic gas pipeline is the first step in breaking Russia's grip on Finland's energy sector, a European official said. Eu...

Crude oil prices mixed along with market signals

Oct 21, 2016 (UPI)

Crude oil prices moved in mixed territory in early Friday trading as claims over global market share competed against market predictions from the World Bank. Cr...