Rally in oil prices runs out of steam

Authentic news,No fake news.

Rally in oil prices runs out of steam

Crude oil prices struggled to continue the upward momentum Monday even as China, the world's second-largest economy, reported better-than-expected expansion.

Russians worried about the cost of living

July 17 (UPI) -- With an economy tied strongly to the oil and gas export market, pollsters in Russia said there's mounting concern about inflation and external shocks.

Disney next in line for LNG-powered cruise ships

July 17 (UPI) -- Three new ships slated for the fleet for Walt Disney Parks and Resorts will be powered by liquefied natural gas, the company's chairman said.

Iran sets goal of 10 new oil, gas deals

July 17 (UPI) -- The Iranian government aims to sign a handful of oil and gas development deals with foreign companies by the end of the year, an oil company director said.

More EU praise for progress on renewable energy

July 17 (UPI) -- Renewable energy gives Portugal, which imports all of its oil and gas, a way to gain a degree of independence over its economy, a European energy official said.

More gas found offshore, Norway's gov't says

July 17 (UPI) -- More natural gas was found in the Barents Sea off the coast of Norway, one of the region's largest suppliers, the government reported.

Texas pipeline repaired after oil spill last week

July 17 (UPI) -- Repairs to a pipeline that ruptured last week in Texas and spilled 1,200 barrels of oil have been completed and the line is back in service, the operator said.