Global Energy News-

Energy News

November 7, 2016

No apparent pipeline damage from Cushing earthquake CUSHING, Okla., Nov. 7 (UPI) -- There have been no reports of pipeline problems stemming from an earthquake in Oklahoma near the main U.S. oil storage hub in Cushing, a state agency said. FULL STORY »

Oil prices up on OPEC rhetoric NEW YORK, Nov. 7 (UPI) -- Crude oil prices moved higher in early Monday trading after verbal stimulus from OPEC emerged on the eve of the U.S. presidential election. FULL STORY »    North American rig counts improve HOUSTON, Nov. 7 (UPI) -- The number of rigs actively exploring for or producing oil or natural gas in North America increased in October, oilfield services company Baker Hughes said. FULL STORY »    Oil-rich Iran wades into U.S. presidential race TEHRAN, Nov. 7 (UPI) -- While its energy ties to the rest of the world could be impacted, an aide to Iran's ruling cleric said major U.S. presidential candidates are equally hostile. FULL STORY »    Gazprom could spend half a billion dollars on Turkey MOSCOW, Nov. 7 (UPI) -- Russian natural gas company Gazprom could spend more than a half billion dollars on its latest pipeline efforts in Turkey, media reported Monday FULL STORY »    British oil and gas sector pleads for help LONDON, Nov. 7 (UPI) -- The British government needs to step in to help ease the pressure on investments in the North Sea brought on by lower oil prices, a trade body said. FULL STORY »    Cuban-focused oil company MEO Australia reinvents itself as Melbana Energy MELBOURNE, Nov. 7 (UPI) -- A company formerly known as MEO Australia said it would start trading under a name that better reflects its focus on emerging Cuban oil and gas developments. FULL STORY »