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Oil prices sink on last trading day of the yearOil prices sink on last trading day of the year
A slight build in U.S. crude oil inventories and an overall yearly gain in stockpiles helped send oil prices lower on the last trading day for 2016.
Tillerson called to testify on climate issuesTillerson called to testify on climate issues
EUGENE, Ore., Dec. 30 (UPI) -- Exxon Mobil CEO and U.S. secretary of state nominee Rex Tillerson should testify before the inauguration on his climate change knowledge, lawyers said.
More oil possible from NigeriaMore oil possible from Nigeria
LONDON, Dec. 30 (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.
Gazprom offers loan for Turkish gas pipelineGazprom offers loan for Turkish gas pipeline
MOSCOW, Dec. 30 (UPI) -- Russian energy company Gazprom said it approved financing of up to $320 million to help build a natural gas pipeline planned through Turkey.
Denmark's largest gas field to closeDenmark's largest gas field to close
COPENHAGEN, Denmark, Dec. 30 (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.
Economy strained for OPEC-member AngolaEconomy strained for OPEC-member Angola
WASHINGTON, Dec. 30 (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 IMF said.
Texas oil survey reveals OPEC pessimismTexas oil survey reveals OPEC pessimism
HOUSTON, Dec. 30 (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.
Oil prices mixed on second-to-last trading day of 2016Oil prices mixed on second-to-last trading day of 2016
WASHINGTON, Dec. 29 (UPI) -- Crude oil prices were little changed in early Thursday trading, though underlying factors in the U.S. economy could throttle any forward momentum.
Divestment streak for Petrobras continuesDivestment streak for Petrobras continues
BRASILIA, Brazil, Dec. 29 (UPI) -- Brazil's state-run oil company said it closed on the sale of a refinery on the Japanese island of Okinawa as its divestment streak continues.
Chinese oil metric paints mixed demand pictureChinese oil metric paints mixed demand picture
SINGAPORE, Dec. 29 (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.
More drilling scheduled offshore NorwayMore drilling scheduled offshore Norway
STAVANGER, Norway, Dec. 29 (UPI) -- Offshore Norway continued its trajectory for expanded oil and gas exploration work, with the government signing off on two new programs.
Obama criticized after monument designationObama criticized after monument designation
WASHINGTON, Dec. 29 (UPI) -- A stark supporter of the oil and gas industry said President Obama was again sidelining state authority with the designation of two new national monument sites.
Prospects for Irish explorer Circle Oil dwindleProspects for Irish explorer Circle Oil dwindle
CORK, Ireland, Dec. 29 (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.
Russia's finance minister sees growth aheadRussia's finance minister sees growth ahead
MOSCOW, Dec. 29 (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.
Iraq commits to OPEC cuts, sends oil prices higherIraq commits to OPEC cuts, sends oil prices higher
NEW YORK, Dec. 28 (UPI) -- Crude oil prices edged higher in early trading Wednesday in thin volumes amid expectations OPEC will hold the production line, though doubts persist.
Iran: There are no guarantees with OPECIran: There are no guarantees with OPEC
TEHRAN, Dec. 28 (UPI) -- Following an announcement regarding an increase in oil production, Iran's oil minister said there are no guarantees an OPEC production ceiling will be enforced.
Eni gains stronger position in EgyptEni gains stronger position in Egypt
MILAN, Italy, Dec. 28 (UPI) -- Italian energy company Eni said it continued its track record of success in the Mediterranean Sea by securing two new agreements in an Egyptian auction.
New production starts in Norwegian watersNew production starts in Norwegian waters
STAVANGER, Norway, Dec. 28 (UPI) -- German energy company Wintershall said Wednesday it was claiming a leadership position in Norway with the start of operations in the North Sea.
Russian banker says economy can handle $45 per barrel oilRussian banker says economy can handle $45 per barrel oil
MOSCOW, Dec. 28 (UPI) -- There will be few pressures on the Russian economy so long as the price for crude oil stays above $45 per barrel, the head of one of Russia's largest bank said.
Poland on defense against Russian gas supplierPoland on defense against Russian gas supplier
WARSAW, Poland, Dec. 28 (UPI) -- A Polish natural gas company said it would use any means necessary to ensure its energy sector is secured from the domination of Russian suppliers.
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