OIL - RADAR DAILY

AAA wonders if premium gasoline is worth it

Dec 13, 2017 (UPI)

AAA reported a national average retail price for regular unleaded gasoline at $2.46 for Wednesday, more or less stable for the week. The average price for premi...

Gas prices even for now, but British pipeline problem could change that

Dec 12, 2017 (UPI)

Motor club AAA reports a national average retail price for regular unleaded Tuesday at $2.46 per gallon, a slight decline from Monday, but more or less stable f...

Major North Sea pipeline system down for weeks

Dec 12, 2017 (UPI)

Brent crude oil prices went up 2 percent during Monday's session after pipeline operator Ineos shut down the Forties crude network in the North Sea after discov...

Eni: More oil offshore Mexico than originally estimated

Dec 12, 2017 (UPI)

The company said it finished drilling a well in the shallow waters in the Campeche Bay off the coast of Mexico. As a result, the company said it was able to rev...

Exxon to disclose climate policy impact on business

Dec 12, 2017 (AFP)

The move follows the decisive victory of a shareholder proposal in May, which called on Exxon to examine how the fight against global warming could affect the c...

Oil prices settle down, but still higher on North Sea outage

Dec 12, 2017 (UPI)

After a relatively quiet start to the day, Brent crude oil prices shot up 2 percent during Monday's session after pipeline operator Ineos shut down the Forties ...

Big Australian oil prospect draws interest from majors

Dec 12, 2017 (UPI)

Australian energy company Melbana, typically known for its ongoing work in Cuban oil programs, said Santos and Total may be completely funding a seismic survey ...

One dead after explosion at Austrian gas facility

Dec 12, 2017 (UPI)

The company said there was an explosion at 9:00 a.m. local time at the Baumgarten gas facility. "The explosion caused a serious fire that has been contained to ...

World Bank to stop financing oil, gas projects from 2019

Dec 12, 2017 (AFP)

"The World Bank Group will no longer finance upstream oil and gas, after 2019," it said in a statement in Paris, where world leaders sought to unlock more money...

North Sea field still down after Friday fatality

Dec 11, 2017 (UPI)

Aker BP reported one fatality Friday and another serious injury following a "serious accident" on the Maersk Interceptor drilling rig, contracted to tap into th...

Eni gets okay to bring Barents Sea oil field back into service

Dec 11, 2017 (UPI)

Production at the Goliat field was idled by a Norwegian government order in October. Eni was called on to satisfy concerns related to ignition-control services ...

Oil prices rise on extended market optimism

Dec 11, 2017 (UPI)

Crude oil prices are gaining some of the value lost in the brief slump that followed a late November decision by the Organization of Petroleum Exporting Countri...

OPEC in June to consider way out of production deal

Dec 11, 2017 (UPI)

The Organization of Petroleum Exporting Countries, with the help of major oil producers like Russia, agreed in late November to extend a production cut agreemen...

ruler names son defence minister in new cabinet

Dec 11, 2017 (AFP)

The move comes weeks after the previous government, which had been formed a year ago, resigned following a dispute with members of parliament who filed a no-con...

Oil price increase spikes PPI for Norway

Dec 11, 2017 (UPI)

The government's record-keeping against said the producer price index spiked 3.2 percent from October to November. By comparison, the U.S. government reported i...

Iran's Rouhani sees major economic growth next year

Dec 10, 2017 (AFP)

Presenting the budget to parliament, Rouhani said overall economic growth would hit 6.5 percent in the fiscal year starting in March 2018, and seven percent wit...

Saudi Arabia hails Iraq victory over IS

Dec 10, 2017 (AFP)

Baghdad on Saturday declared victory in its war to expel the jihadists, three years after the group proclaimed a cross-border "caliphate" stretching into Syria,...

One dead in North Sea oil rig accident

Dec 08, 2017 (UPI)

Aker BP said there was a "serious accident" on the Maersk Interceptor drilling rig, contracted to tap into the Tambar oil field in the North Sea. One person is ...

China reaffirms Venezuela ties after Sinopec lawsuit

Dec 08, 2017 (AFP)

The lawsuit, filed in a US court, accuses the Venezuelan state-owned oil and natural gas company PDVSA of failing to fulfill a payment of more than $43 million ...

Canadian oil closer to getting out of North America

Dec 08, 2017 (UPI)

The National Energy Board, an independent federal regulator, ruled that pipeline company Kinder Morgan doesn't have to comply with bylaws in the city of Burnaby...