OIL - RUSSO DAILY

Jan 04, 2017 (UPI)

Norwegian energy major Statoil said it would drill 30 percent more exploration wells than it did in 2016 and most of those will be in domestic basins. The oil a...

Kuwait confirms OPEC cut compliance

Jan 04, 2017 (UPI)

An agreement to cut oil production to meet with the terms of an OPEC agreement reached in November holds through the first quarter, a Kuwaiti company said. The ...

Oil prices down after first-day optimism fades

Jan 04, 2017 (UPI)

Crude oil prices lost some ground in early Wednesday trading as competing narratives pulled on market direction after sharp volatility in the previous session. ...

Russia's oil production up from 2015

Jan 03, 2017 (UPI)

Government data show Russia, a main component of a managed decline from world producers, turned out 2.5 percent more oil year-on-year. Effective Monday, members...

Crude oil prices strong out of 2017 gate

Jan 03, 2017 (UPI)

Promises offset other physical market factors on the first full-trading day of 2017 to send crude oil prices to their highest levels in 18 months. Monday was th...

A first for European energy with French LNG

Jan 03, 2017 (UPI)

French utility company EDF said commercial operations started at Europe's only terminal for natural gas that's connected to two regional markets. EDF commission...

Statoil solidifies North Sea position

Jan 03, 2017 (UPI)

Norwegian energy company Statoil said it moved into the majority position at a field in the northern parts of the North Sea, a focal point for the company. Stat...

US Shale Is Now Cash Flow Neutral

Jan 03, 2017 (SPX)

Oil prices are probably already high enough to spark a rebound in shale production. The IEA says that in the third quarter of 2016, the U.S. shale industry beca...

Iranian energy doors opening to foreign companies

Jan 03, 2017 (UPI)

More than two dozen foreign oil and natural gas companies are qualified to get in line as Iran's energy sector opens up to investors, the government said. Sanct...

Iran okays 29 companies for oil and gas projects

Jan 03, 2017 (AFP)

Iran has published a list of 29 major companies from Europe and Asia approved to bid for oil and gas projects after the lifting of sanctions over its nuclear pr...

New taxes, higher oil prices hurt U.S. drive

Jan 03, 2017 (UPI)

U.S. drivers started 2017 paying the most for gasoline in three years because of higher fuel taxes and increased oil prices, motor club AAA reported. AAA report...

Economy strained for OPEC-member Angola

Dec 30, 2016 (UPI)

The steady decline in crude oil prices from 2014 peaks above $100 per barrel has left lasting impacts on the economy of OPEC-member Angola, the International Mo...

More oil possible from Nigeria

Dec 30, 2016 (UPI)

A minority player in OPEC-member Nigeria said it was able to stimulate crude oil production at one of its operating areas by about 15 percent. Africa-focused Sa...

Last day for fabled New York 'outcry' commodity trading

Dec 30, 2016 (AFP)

It's the end of an era and another sign of digital dominance: Friday is the final day screaming, gesturing traders can buy and sell commodities, including oil, ...

Texas oil survey reveals OPEC pessimism

Dec 30, 2016 (UPI)

Less than half of oil industry survey respondents expect OPEC to make good on its promise to cut production in 2017, the Federal Reserve Bank of Dallas found. S...

Gazprom offers loan for Turkish gas pipeline

Dec 30, 2016 (UPI)

Russian energy company Gazprom said it approved financing of up to $320 million to help build a natural gas pipeline planned through Turkey. Russian news agency...

Denmark's largest gas field to close

Dec 30, 2016 (UPI)

The lack of a viable economic solution for the largest natural gas field in the Danish North Sea means production will end in late 2018, Maersk Oil said. Maersk...

Prospects for Irish explorer Circle Oil dwindle

Dec 29, 2016 (UPI)

Irish exploration company Circle Oil said its listing on the London stock exchange will be canceled by the end of the week amid financial strains. "The company'...

Chinese oil metric paints mixed demand picture

Dec 29, 2016 (UPI)

A metric used to gauge Chinese oil demand was slightly higher than last year, though there are signs economic performance is slowing, an industry report said. A...

Russia's finance minister sees growth ahead

Dec 29, 2016 (UPI)

With oil prices recovering, growth in the Russian economy may be twice as high as official government estimates, the country's finance minister said. The Centra...