Energy News

OPEC balancing act comes against production gains VIENNA, Nov. 11 (UPI) -- Balance between supply and demand in the oil market will re-emerge with output adjustments, OPEC said, even as production grows in some key regions. FULL STORY »

Oil prices sharply lower on OPEC production NEW YORK, Nov. 11 (UPI) -- A reported increase in production from OPEC and an assessment of a standstill global economy sent crude oil prices sharply lower in early Friday trading. FULL STORY »    Mixed support for Trump's potential energy policies WASHINGTON, Nov. 11 (UPI) -- Greenpeace said it was concerned climate policy under President-elect Donald Trump will have a 'drill, baby, drill' mentality, but an energy group sang praises. FULL STORY »    Israel's Delek examines offshore Canada TEL AVIV, Israel, Nov. 11 (UPI) -- Israeli conglomerate Delek Group confirmed it secured the rights to explore for reserves in the deep waters off the coast of Newfoundland. FULL STORY »    Profits for Russian oil giant Rosneft tumble MOSCOW, Nov. 11 (UPI) -- Pointing to ongoing pressures from the weak oil economy, Russian oil company Rosneft said its profit for the third quarter dropped more than 70 percent.FULL STORY »    Oil-rich Alberta sees trade potential with Asia EDMONTON, Alberta, Nov. 11 (UPI) -- Days after assessing the energy ties with the incoming U.S. administration, Alberta's government said it was now looking for trade opportunities with Asia. FULL STORY »    E.ON reaches milestone with English Channel wind farm DUSSELDORF, Germany, Nov. 11 (UPI) -- German energy company E.ON said Friday it has finished anchoring all of the foundations for its flagship Rampion wind farm in the English Channel. FULL STORY »