ENERGY NEWS-OPEC's all-options strategy not enough to lift the price of oil

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OPEC's all-options strategy not enough to lift the price of oil

Oil prices fell flat early Thursday as questions about OPEC's efforts to balance the market overshadowed possible U.S. offshore production issues.

OPEC: "All options" on the table to ensure market balance

Aug. 24 (UPI) -- A joint committee monitoring an OPEC-led effort to balance the markets said Thursday that "all options" are on the table to ensure a positive outcome.

Gulf platforms shut in, cleared ahead of Harvey

Aug. 24 (UPI) -- After clearing staff from four Gulf of Mexico installations, Anadarko Petroleum said it shut down operations until threats from Tropical Storm Harvey clear.

Kurdish oil export payments boost DNO's performance

Aug. 24 (UPI) -- Revenues for the first half of the year were up more than 40 percent from last year in part because of export payments from the Kurdish north of Iraq, DNO said.

Oil-rich Alberta shows early signs of economic recovery

Aug. 24 (UPI) -- The provincial economy in oil-rich Alberta is expected to grow faster than expected, though some metrics paint a mixed picture of the recovery, data show.

First foundations set for Baltic Sea wind farm

Aug. 24 (UPI) -- German energy company E.ON said Thursday it laid the first of the 60 foundations for a wind farm development in national waters of the Baltic Sea.

OPEC backed into a corner, Texas economist says

Aug. 24 (UPI) -- With U.S. crude oil production on the rise, it's clear the production agreement from OPEC hasn't worked as intended, an economist in Texas said.

Oil prices inch lower on demand pressures

Aug. 23 (UPI) -- Indications of waning U.S. consumer demand overshadowed concerns about a storm in the Gulf of Mexico to help drag oil prices lower Wednesday morning.