Energy News

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December 12, 2016

Donald Trump: I'll solve the Dakota Access pipeline question NEW YORK, Dec. 12 (UPI) -- If it's not "solved" by the time he's scheduled to take office in January, the U.S. president-elect vowed quick action on the Dakota Access oil pipeline. FULL STORY »

Oil prices surge on yet another OPEC maneuver NEW YORK, Dec. 12 (UPI) -- Crude oil prices soared to historic highs in early Monday trading in response to a weekend production agreement reached between OPEC and non-OPEC members. FULL STORY »    Oil recovery may be emerging in North Dakota BISMARCK, N.D., Dec. 12 (UPI) -- If state records are accurate when measured against industry data, the rig count in North Dakota gained significant ground after a weekend OPEC agreement. FULL STORY »    Rosneft deal shielded from sanctions, Russian media reports MOSCOW, Dec. 12 (UPI) -- Russian media sources said last week's deal for the acquisition of shares of oil company Rosneft is outside the reach of Western-backed economic sanctions FULL STORY »    Leviathan gas field start date approved TEL AVIV, Israel, Dec. 12 (UPI) -- Partners behind one of the larger natural gas fields off the coast of Israel unveiled plans to start formal production operations in roughly three years. FULL STORY »    Eni brings another partner to Egyptian gas giant MILAN, Italy, Dec. 12 (UPI) -- Italian energy company Eni said it was selling off a stake in an Egyptian gas field to a Russian company to help bring quick monetary success to the project.FULL STORY »    Coal demand shifting to Asia, IEA says BEIJING, Dec. 12 (UPI) -- Higher prices for some fossil fuels leaves emerging economies in Asia looking to cheaper coal, which remains the fuel of choice globally, the IEA said. FULL STORY »