ENERGY NEWS-Venezuela sanctions could bring higher gas prices to U.S.

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Optimism on market rebalancing drags oil prices lower

Renewed optimism about the rebalancing of the crude oil market brought concerns about excitability and dragged the price for oil lower early Thursday.

Maasai women bring clean energy to rural villages in Kenya, Tanzania

July 27 (UPI) -- Solar power and clean-burning stoves are saving lives and changing fortunes in the Maasai lands between Kenya and Tanzania.

Nigerian media reports halt to some crude oil production

July 27 (UPI) -- Nigerian media reported Thursday the federal government opted to halt crude oil exploration in part of the Niger Delta because of heightened security concerns.

Iran sees imminent non-Western win for energy

July 27 (UPI) -- The Iranian government said it scored a win in the energy sector, this time by developing a pipeline that will offset supply disruptions from its neighbors.

Norway's Statoil posts production, earnings gains

July 27 (UPI) -- Norwegian energy company Statoil said Thursday improved market conditions led to a 231 percent increase in adjusted earnings for the second quarter.

Shale-rich Oklahoma to host mega-wind farm

July 27 (UPI) -- Once operational, the Wind Catcher wind farm in Oklahoma will be the second largest in the world and largest in the United States, the companies involved said.

Shell posts strong recovery, after a dismal 2016

July 27 (UPI) -- Royal Dutch Shell said Thursday its profits for the second quarter were three times higher than last year, but stressed market conditions warranted discipline.

Venezuela sanctions could bring higher gas prices to U.S.

July 27 (UPI) -- Tightening sanctions on Venezuela could result on blowback in the U.S. economy by way of higher oil and gasoline prices, sector analysts said.