Oil prices manage soft rebound after Thursday's slump

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Oil prices manage soft rebound after Thursday's slump

May 26 (UPI) -- Crude oil prices staged a soft recovery in early Friday trading as better-than-expected growth in the U.S. economy brought some players back to the table.

U.S. oil production centers shift away from hurricane belt

May 26 (UPI) -- An above-normal Atlantic hurricane season could be a problem for the U.S. energy industry, but data show shifting production patterns may spare oil.

Russia's Gazprom in talks with Iran

May 26 (UPI) -- Russia's natural gas giant Gazprom may be eager to establish closer ties in the opening Iranian energy sector, Russian media reported.

OPEC, non-OPEC alliance not strong enough to limit North America

May 26 (UPI) -- The alliance between OPEC and non-OPEC producers is strong, but not strong enough to derail production momentum from North America, analysis finds.

New oil production starts offshore Brazil

May 26 (UPI) -- Production started from a floating production platform off the coast of Brazil that can process up to 150,000 barrels of oil per day, Royal Dutch Shell said.

FAR Ltd. taps oil prospect offshore Senegal

May 26 (UPI) -- Operations started Friday for the first pure exploration well off the coast of Senegal since a major discovery in 2014, Africa-focused FAR Ltd. said.

Low gas prices expected for Memorial Day weekend

May 26 (UPI) -- Gas prices could be working in favor of the consumer for the long holiday weekend as weak demand and OPEC spark a market downturn, GasBuddy said.

Oil prices lower as OPEC reviews extending production cut deal

May 25 (UPI) -- The likelihood that parties to an OPEC-led effort to balance the market with production cuts stand pat on output left oil prices in the red early Thursday.

U.S. states taking up wind energy mantle

May 25 (UPI) -- Gains in wind power in the United States are coming up from the state level, with California among the leaders, an industry report found.