TransCanada Corp said on Friday it cannot move natural gas until further notice through the section of its Leach Xpress pipeline in West Virginia that ruptured early Thursday until, prompting Continue Reading
A Norwegian government regulator said Friday it confirmed an oil discovery was made in untested waters in the central part of the North Sea. The Norwegian Petroleum Directorate, the nation’s Continue Reading
Russian energy company Gazprom said it received the necessary permit to advance construction of the Nord Stream gas pipeline through Swedish waters. “This is an important milestone for our project,” Continue Reading
Try as it might, Europe just can’t dump Russia. President Vladimir Putin was given a warm welcome in Vienna on Tuesday, the 50th anniversary of Austria becoming the first western Continue Reading
Oil prices fell on Friday, reversing early gains as signs of weakening demand in China and surging U.S. output weighed on markets despite support from supply woes in Venezuela and Continue Reading
Oil futures rebounded Thursday as the combination of dollar weakness and equity strength helped prevent further declines. ICE Brent veered into technically oversold territory this week, according to a Bollinger Continue Reading
Concerns about the lack of supply from Iran and Venezuela re-emerged early Thursday to push the price of crude oil sharply higher. Crude oil prices moved in the volatile territory Continue Reading
Global benchmark Brent crude surged nearly $2 a barrel on Thursday, lifted by concern about a steep drop in exports from Venezuela and worries OPEC may not raise production at Continue Reading
While oil bulls are focusing on the loss of supply from Venezuela and a potential reduction of Iranian exports to justify their view that prices will be heading higher, bears Continue Reading
The recent jump in oil prices to $80 per barrel raised a lot of questions about whether or not the heady demand growth projections for this year would hold up. Continue Reading
