U.S. Shale Drillers Restart Oil Rigs as Market Improves
Number of U.S. rigs targeting crude advanced by 9 to 325 Oil explorers put drilling rigs back to work in U.S. fields for only the second time this year as Continue Reading
U.S. oil drillers add rigs for second time in 2016: Baker Hughes
U.S. energy firms this week added rigs drilling for oil for the second time this year, energy services company Baker Hughes Inc said on Friday, after crude prices briefly tested Continue Reading
U.S. job gains in May likely dented by Verizon strike
People enter the Nassau County Mega Job Fair at Nassau Veterans Memorial Coliseum in Uniondale, New York October 7, 2014. A strike by Verizon workers likely crimped U.S. job gains Continue Reading
Russia Says ‘Verbal Interventions’ Lose Power Over Oil Market
When it comes to influencing oil prices, talk is cheap, according to Russia’s Energy Minister Alexander Novak. “I think that verbal interventions are unlikely to play any significant role,” Novak Continue Reading
IEA finds electric vehicle use high in Asia and Europe
The global use of electric vehicles is on the rise, though more can be gained by referencing European and Asian policies, an IEA report found. The International Energy Agency said Continue Reading
Ireland sees interest in offshore reserves
The response to the latest offerings for the rights to examine the oil and gas potential off the Irish coast has been significant, the government said. The Irish government said Continue Reading
Against All Odds, Russia Plans to Boost Oil Production by 185,000 Bpd
Russia is set to increase crude oil output by around 8 million tons or 185,000 bpd by then end of this year, according to the Russian Energy Ministry. Speaking to Continue Reading
Brent crude oil holds above $50 after OPEC meeting
An oil pump jack can be seen in Cisco, Texas, August 23, 2015. Brent oil prices held around $50 a barrel on Friday following an OPEC meeting that failed to Continue Reading
Natural Gas Prices Rise to Their Highest Since January on Inventory Data
Natural gas prices rose on Thursday to their highest since January, as U.S. inventory data showed an increase in stockpiles that was smaller than expected. Natural gas inventories rose by Continue Reading
IEA finds new challenges for renewables
New problems emerging on the grid as more sources of wind and solar power come online across the globe, the IEA finds in a 40-page market report. UPI/Stephen Shaver SAN Continue Reading