ENERGY NEWS-Refineries close in response to Hurricane Harvey, gas prices may be affected

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Refineries close in response to Hurricane Harvey, gas prices may be affected

The energy market impact from Hurricane Harvey, including at the consumer level, could spill into next week, according to analyst and company statements.

Harvey pushing market prices for oil higher

Aug. 25 (UPI) -- Crude oil prices moved higher Friday as Hurricane Harvey moved closer to the southern Texas coast and threatened production and refinery operations.

Norway's Statoil takes first steps into Argentina's lauded shale

Aug. 25 (UPI) -- Norwegian energy company Statoil said Friday it signed an agreement with Argentine company YPF to explore parts of the "world-class" Vaca Muerta shale basin.

Kuwait says oil shipments to China stable

Aug. 25 (UPI) -- Though overall Chinese imports of crude oil jumped more than 10 percent, OPEC-member Kuwait said its exports to the second-largest economy remained stable.

British foreign minister visits oil-rich Libya

Aug. 25 (UPI) -- A NATO member with a legacy of energy-related interests, the British government said it was working to ensure Libya evolves as a safe and stable partner.

Norway wants tech-savvy companies offshore

Aug. 25 (UPI) -- An energy regulator in Norway, one of the world's top producers, said it was keen on utilizing new knowledge to tap into the million of barrels left offshore.

Multimillion-dollar drilling campaign envisioned for Guinea-Bissau

Aug. 25 (UPI) -- West Africa-focused energy company FAR Ltd. said it increased its leverage over a multimillion-barrel prospect offshore Guinea-Bissau.

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

Aug. 24 (UPI) -- Oil prices fell flat early Thursday as questions about OPEC's efforts to balance the market overshadowed possible U.S. offshore production issues.