Energy News

December 6, 2016

Gas prices follow the price of oil higher WASHINGTON, Dec. 6 (UPI) -- U.S. gasoline prices are rising alongside oil prices that rallied on the back of an OPEC production deal, though retail analysts are questioning the duration. FULL STORY »

Oil prices crash as reality sets in NEW YORK, Dec. 6 (UPI) -- Growing sentiment Tuesday that the rally in crude oil prices will lead to more appetite for production helped put an end to an OPEC-fueled run for the bulls. FULL STORY »    Iran says it can sell as much oil as it wants TEHRAN, Dec. 6 (UPI) -- Iran can sell as much crude oil as it wants to thanks in part to a multilateral nuclear agreement that eased crippling sanctions, the country's president said. FULL STORY »    Cuban oil program accelerating MELBOURNE, Dec. 6 (UPI) -- A Cuban-focused oil company said it was taking a closer look at the business climate there with the goal of accelerating its drilling program next year. FULL STORY »    FMC, Technip merger latest in a trend HOUSTON, Dec. 6 (UPI) -- FMC Technologies and Technip, two companies working to assist with oil and gas exploitation, became the latest in the industry to agree to a merger. FULL STORY »    More help coming to Afghan energy sector KABUL, Afghanistan, Dec. 6 (UPI) -- More than $400 million in grants will help Afghanistan increase access to reliable sources of energy, the Asian Development Bank said. FULL STORY »    Statoil: Producers should play role in climate fight OSLO, Norway, Dec. 6 (UPI) -- Norwegian energy company Statoil said the fight against climate change depends in large part on how oil and gas companies conduct business. FULL STORY »    Victory at Standing Rock reflects failure of U.S. energy, climate policy The protesters have won in the fight over the Dakota Access Pipeline. But the issues revealed by the conflict are anything but resolved. FULL STORY »