OIL - RADAR DAILY

Injection wells can induce earthquakes miles away from the well

Aug 31, 2018 (SPX)

Researchers at UC Santa Cruz compiled and analyzed data from around the world for earthquakes clearly associated with injection wells. They found that a single ...

PetroChina's profits double as oil prices soar

Aug 30, 2018 (AFP)

Net profit surged 113.7 percent from the same period last year to 27.1 billion yuan ($4.0 billion), the company said in a statement to the Hong Kong Stock Excha...

Court blocks construction of Canada pipeline to Pacific

Aug 30, 2018 (AFP)

The ruling was cheered by opponents of the nation's largest resource project in decades, while Prime Minister Justin Trudeau's administration suggested it had b...

Crude oil rises on news of decline in U.S. inventories

Aug 30, 2018 (UPI)

U.S. crude oil inventories fell 2.57 million barrels in the week ending Aug. 24, the Energy Information Administration reported on Wednesday. The inventories fo...

Oil prices supported by strong U.S. GDP

Aug 29, 2018 (UPI)

The American Petroleum Institute reported after the close of trading Tuesday that its data show U.S. crude oil inventories gained 38,000 barrels last week and g...

Conflict rocks OPEC member Libya

Aug 29, 2018 (UPI)

The U.N. Support Mission in Libya called for calm following clashes in and around the capital city, Tripoli. All parties to the violence are called to lay down ...

Equinor identifies Brazil as a core area of focus

Aug 29, 2018 (UPI)

Equinor has more than 90,000 barrels of oil per day in production in Brazil and investments of around $10 billion in place. "We have a portfolio with the potent...

Brazil deploys military to boost security at Venezuela border

Aug 29, 2018 (AFP)

Earlier this month, more than a thousand homeless Venezuelan immigrants who had flooded over the border into Brazil's northwestern Roraima state were driven bac...

Russia, Saudi Arabia to discuss oil market issues

Aug 29, 2018 (UPI)

Russian Foreign Minister Sergei Lavrov is set to discuss conflicts in Syria and Yemen, as well as bilateral issues related to the energy sector. Russia sits on ...

Iraq short on spare gas and diesel supplies

Aug 29, 2018 (UPI)

Ali Sabah, identified by the Iraqi news outlet Rudaw as an official in the Iraqi Oil Ministry, said the federal government lacks stocks of gasoline and diesel t...

Equinor: We need big investments now offshore Norway

Aug 28, 2018 (UPI)

"The Norwegian continental shelf still holds a lot of potential, however securing value creation and thousands of jobs for the decades to come is not an easy ta...

Petronas wades into Gambian waters

Aug 28, 2018 (UPI)

Australian energy company FAR Ltd., which has a core focus in West Africa, said the Gambian government signed off on a deal that brings a subsidiary of Petrolia...

Exxon drills deep for Australian natural gas

Aug 28, 2018 (UPI)

The subsidiary, Esso Deepwater Gippsland, said it started drilling two exploration wells in the deepwaters of the Gippsland Basin off the southern coast of Aust...

Experts: Gas prices should rise over Labor Day holiday

Aug 28, 2018 (UPI)

"With Labor Day approaching, motorists could see a small swing towards higher gas prices, but any jump should not last past the holiday weekend," Jeanette Casse...

U.S. energy sector eager for Mexican trade specifics

Aug 28, 2018 (UPI)

Calling it the "United States-Mexico Trade Agreement," U.S. President Donald Trump on Monday announced the completion of a preliminary trade agreement that cent...

Oil market gets slight boost from North American trade

Aug 28, 2018 (UPI)

U.S. President Donald Trump lauded a trade proposal with Mexico as a landmark deal that supports his pledge to modernize the North American Free Trade Agreement...

India's oil appetite is growing

Aug 27, 2018 (UPI)

Economists at the Organization of Petroleum Exporting Countries expect the Chinese economy to grow by 6.6 percent this year. India's economy is on pace to grow ...

Oil prices flat on light trading and OPEC waiting

Aug 27, 2018 (UPI)

A joint committee monitoring compliance with OPEC's effort to stabilize the market meets later on Monday to review the multilateral effort, now in its second ye...

Johan Sverdrup reserve estimate revised higher

Aug 27, 2018 (UPI)

Equinor and its joint venture partners submitted their plan for development of the second phase of the Johan Sverdrup oil field to the Norwegian government. At ...

Noble shareholders back $3.5 bn deal in fight for survival

Aug 27, 2018 (AFP)

The deal is aimed at pulling the company back from the abyss of a three-year crisis sparked by a fall in commodity prices, allegations of irregular accounting p...