ENERGY NEWS-Oil prices get small lift for reported decline in gasoline stocks

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Oil prices get small lift for reported decline in gasoline stocks

July 19 (UPI) -- Data from the United States indicating strong gasoline demand and possible action against OPEC member Venezuela gave a small lift to oil prices early Wednesday.

Russia boasts of Turkish gas pipeline progress

July 19 (UPI) -- Russian energy company Gazprom is moving forward with developments of a gas pipeline through Turkey with shallow-water preparations, a spokesperson said.

IEA: U.S. has unique role in oil, LNG

July 19 (UPI) -- The United States stands in a unique position in the energy market with a robust shale oil sector and prospects for liquefied natural gas, the IEA said.

An IPO in Thailand sparks push for regional energy development

July 19 (UPI) -- A regional development bank said it spent more than $50 million on shares in a Thai power company in order to help develop renewable energy in Southeast Asia.

U.N. to help Nigeria look beyond oil for revenue

July 19 (UPI) -- Developing parts of the Nigerian economy outside the oil sector could help make the country more competitive and attract investments, a U.N. agency said.

Oil exploration plans revealed for Cuba

July 19 (UPI) -- Amendments to a work plan for Cuban oil assets open the door for drilling exploration wells by the first half of next year, Australia's Melbana Energy said.

BHP to expand U.S. onshore work, though output falters

July 19 (UPI) -- U.S. oil field development extends into 2018 on the back of increased spending, but total petroleum production falters on field maturation, BHP Billiton said.

Oil rallies in anticipation of easing supply-side strains

July 18 (UPI) -- Market anticipation over a possible slowdown in U.S. crude oil production and declining inventories overshadowed OPEC moves to lift oil prices early Tuesday.