ENERGY NEWS --Balance apparent, but supply issues leave oil prices bruised

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Balance apparent, but supply issues leave oil prices bruised

Crude oil prices were moving slightly lower early Thursday as sentiment about a balanced market competed against rising U.S. and OPEC oil production.

U.S. gasoline exports overshadow strong production

Aug. 17 (UPI) -- The production of gasoline in the United States is near a record high, though supply levels are under pressure from exports, a federal report said.

Gazprom's gas exports inch higher

Aug. 17 (UPI) -- Russia natural gas company Gazprom said it's scaling up its deliveries to consumers that would be fed eventually by a pipeline through Turkey.

Clouds developing over U.S. LNG export potential

Aug. 17 (UPI) -- A U.S. industrial trade group said Washington's domestic focus should prioritize the retention of natural gas, rather than target it for the export market.

Statoil to drill more in the North Sea

Aug. 17 (UPI) -- The Norwegian government said it signed off on plans from energy company Statoil to start new drilling operations in the North Sea.

Asian Development Bank finds new climate finance stream

Aug. 17 (UPI) -- The Asian Development Bank said it can tap into a new capital stream from a multilateral climate fund to help green up the economies of the Asia-Pacific.

Mixed results for Trump's first oil and gas auction for Gulf

Aug. 17 (UPI) -- The largest lease sale in the U.S. Gulf of Mexico, and the first under President Trump's administration, generated mixed results for high bids and coverage.

Oil prices move up on good data, but ceiling may be approaching

Aug. 16 (UPI) -- Crude oil prices were relatively steady early Wednesday as reports of a decline in U.S. crude oil inventories balanced against sentiment of an emerging ceilin