Energy News

Energy News

December 21, 2016

Norwegian oil production 5 percent higher than expected STAVANGER, Norway, Dec. 21 (UPI) -- Total production of crude oil, natural gas and other similar products increased about 37,000 barrels per day from October, the Norwegian government said. FULL STORY »

Oil prices fight dueling market trends NEW YORK, Dec. 21 (UPI) -- Oil prices were pulled by competing factors Wednesday with indications of fading supply-side issues in the U.S. market balancing production growth overseas. FULL STORY »    Spike in gas prices ahead of U.S. holidays CHICAGO, Dec. 21 (UPI) -- With just a few days before Christmas weekend, U.S. holiday travelers are seeing spikes at the gas pump because of higher oil prices, a retail analyst said. FULL STORY »    Colorado's economy showing improvement DENVER, Dec. 21 (UPI) -- Colorado's economy is recovering along with the energy sector, though trajectory depends on U.S. rate policies next year, the state budget office said. FULL STORY »    U.S., Canadian voices chime in on drilling ban OTTAWA, Dec. 21 (UPI) -- U.S. and Canadian voices debated the wisdom of the indefinite ban on oil and gas work in some of its territorial waters, the Arctic in particular. FULL STORY »    Russia sees oil markets balanced in late 2017 MOSCOW, Dec. 21 (UPI) -- Only when crude oil markets balance out in the second half of next year can major players starting talking about market recovery, Russia's oil minister said. FULL STORY »    Libya sets sights on build in oil production TRIPOLI, Libya, Dec. 21 (UPI) -- A national oil company in Libya said two major oil fields are now reconnected to pipeline infrastructure and oil is flowing freely for the first time in years.FULL STORY »