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Oil prices plummet after Thursday's spike
Daniel J. GraeberNEW YORK, Sept. 9 (UPI) -- A day after a data-driven spike, crude oil prices reversed course in early Friday trading as Russia's energy minister pushed production talks off the table.
16 points by UPI | Petroleum United Press International Benchmark Peak oil Brent Crude William Randolph Hearst International News Service News World Communications
Iranian oil output stagnates for third month amid OPEC bargaining
Iran's steep oil output growth has stalled in the past three months, new data showed, suggesting Tehran might be struggling to fulfil its plans to raise production to new highs while demanding to be excluded from any OPEC deals on supply curbs.
113 points by | Petroleum OPEC United Arab Emirates Peak oil Saudi Arabia Middle East Iraq Iran
Oil prices extend rally after ECB rate stand-still
Daniel J. GraeberNEW YORK, Sept. 8 (UPI) -- Oil prices, already rising in response to a decline in U.S. production estimates, rallied further on Thursday after the European Central Bank stood still.
14 points by UPI | European Union Petroleum Euro United Press International Eurozone European Central Bank Benchmark Peak oil
Editorial: Pass comprehensive energy legislation
Legislature needs to pass bipartisan energy legislation before this year ends        
-1 points by The Detroit News | Renewable energy Barack Obama Electricity distribution Peak oil Electric utility Electricity generation Coal Power station
Crude prices rising on shrinking reserves, China demand
A sharp drop in US crude stockpiles, a weaker dollar, and an increase in Chinese imports have continued to boost recent gains in oil futures. Read Full Article at RT.com
22 points by Russia Today | Petroleum Benchmark Saudi Arabia Peak oil Brent Crude OPEC Dubai Crude West Texas Intermediate
Oil-rich Alberta unveils jobs package
Daniel J. GraeberEDMONTON, Alberta, Sept. 8 (UPI) -- The provincial Canadian government in oil-rich Alberta said it was pushing forward with a jobs plan as the region's economy drags down the nation
27 points by UPI | United Press International Monetary policy William Randolph Hearst International News Service News World Communications Petroleum Unemployment Peak oil
OPEC out of moves as Goldman Sachs expects another oil glut in 2018
Oil prices are heading down again on swelling US crude oil inventories, with Brent dropping below $50 per barrel for the first time this year. Read Full Article at RT.com
-1 points by Russia Today | OPEC Petroleum Goldman Sachs Peak oil Marketing Mexico Stability Subprime mortgage crisis
Oil prices get modest lift from OPEC, but pressures linger
Daniel J. GraeberFeb. 16 (UPI) -- Oil prices got a modest lift early Thursday on word OPEC may be upping the production cut ante, but gains were balanced by signs of Russian production growth.
1 points by UPI | Petroleum Benchmark OPEC Saudi Arabia Brent Crude Light crude oil Peak oil Dubai Crude
OPEC cuts not doing the job, analyst says
Daniel J. GraeberFeb. 16 (UPI) -- Production cuts from the Organization of Petroleum Exporting Countries aren't enough to cut global crude oil supplies, a market analyst said Thursday.
4 points by UPI | OPEC Peak oil Petroleum Saudi Arabia Supply and demand Oil shale Benchmark 1973 oil crisis
OPEC notes role as market stabilizer
Daniel J. GraeberFeb. 15 (UPI) -- The secretary-general of OPEC said market stability was a primary objective for the production group, but noted the importance of spare capacity.
1 points by UPI | Petroleum OPEC Saudi Arabia United Arab Emirates Peak oil Riyadh United Press International Arab League
U.S. gas prices likely at short-term low
Daniel J. GraeberFeb. 15 (UPI) -- A retail price watchdog said this may be the short-term seasonal low point for U.S. gasoline prices as refiners start switching to a different blend.
2 points by UPI | Gasoline Petroleum Oil refinery Peak oil Internal combustion engine Suggested retail price Cost Price
Oil prices recover lost ground after Monday's beating
Daniel J. GraeberFeb. 14 (UPI) -- Tepid growth in the European economy and a recovery phase following steady losses in the previous session pushed oil prices higher early Tuesday.
2 points by UPI | Petroleum European Union Benchmark United States Peak oil Brent Crude OPEC Light crude oil
World Bank chief visits oil-rich Saudi Arabia
Daniel J. GraeberFeb. 14 (UPI) -- Riyadh received support for a new economic vision from the World Bank, the government said as representatives met on the sidelines with OPEC.
10 points by UPI | Saudi Arabia Petroleum OPEC United Arab Emirates Peak oil Saudi Aramco Abdullah of Saudi Arabia Riyadh
Monster oil & gas deposits discovered in Iran - local media reports
Iran has found a dozen new oil fields that could produce 30 billion barrels of crude and 128 trillion cubic feet of natural gas, according to Press TV quoting officials in Tehran. Read Full Article at RT.com
13345 points by Russia Today | Petroleum Iran Iraq Saudi Arabia Oil reserves OPEC Peak oil Extraction of petroleum
Pittsburgh-area gasoline prices fall to $2.56
Average pump prices in the Pittsburgh region sit around $2.56 a gallon this morning, down one cent from last week, according to GasBuddy’s survey of more than 700 stations in southwestern Pennsylvania.
-2 points by Pittsburgh Post-Gazette | Petroleum Peak oil Benchmark Gasoline OPEC Filling station Price of petroleum Hydrocarbon
Oil prices soar as OPEC keeps its promise to slash production
Crude oil prices gained almost two percent on Friday after the International Energy Agency (IEA) reported the Organization of the Petroleum Exporting Countries (OPEC) is complying with self-imposed production limits. Read Full Article at RT.com
87 points by Russia Today | Petroleum Benchmark Saudi Arabia OPEC Peak oil Brent Crude Dubai Crude West Texas Intermediate
Colorado’s oil and gas industry is making a U-turn
After two years of acting as a drag on the Colorado economy, the state's oil and gas industry is once again in a position to help propel it forward. And that may mean more jobs in the oil and gas industry.
929 points by The Denver Post | Petroleum Coal Natural gas Peak oil OPEC Fossil fuel Saudi Arabia United States
BHP Billiton sinks $2.2 billion in Gulf of Mexico
Daniel J. GraeberFeb. 9 (UPI) -- Australian energy giant BHP Billiton said it gave the green light to spending more than $2 billion to help develop the Mad Dog project in the Gulf of Mexico.
2 points by UPI | Petroleum Mexico United Press International BHP Billiton Saudi Arabia Peak oil United Arab Emirates Iraq
Energy prices expected to creep higher, says U.S. Energy Information Administration
The U.S. Energy Information Administration is forecasting small price increases for natural gas, gasoline and electricity this year despite its parallel forecast that the USA will produce more crude oil and more natural gas than it does currently. CLEVELAND, Ohio -- You'll pay more, on average, for gasoline, natural gas and electricity this year than you did last year and even more in the next couple of years, say federal forecasters. The higher prices -- and these are increases in average prices -- shouldn't break most household budgets, but they should serve as a reminder that cheap energy is not necessarily permanent. The U.S. Energy Information's monthly Short-Term Energy Outlook, issued today, is forecasting a U.S. average gasoline price of $2.39 a gallon this year and $2.44 in 2018, which is about what the average price was in 2015 and still at least $1-a-gallon below average prices from 2012 through 2014. The average price in Cleveland today, reports GasBuddy, is just $2.02, well below the national average of $2.26. The average Ohio gas price is $2.04. The highest Ohio average prices occurred in May 2011 when prices peaked at $4.16 a gallon, according to the AAA.  Highest Cleveland average price was $4.15 a gallon in May 2011. The interplay between U.S. shale oil producers and OPEC's effort to cut back production through June of this year, as well as global demand and global supplies are the main players in what gasoline costs. The EIA now sees U.S oil production recovering as more rigs are deployed every week in response to oil prices remaining above $50 a barrel. Contracts for the  best grades of U.S. oil were running at just over $52 a barrel Tuesday, down almost $1 from Monday's run-up. Future contracts into this summer were trading at more than $54 a barrel. Natural gas production is now expected to increase this year and again next year, which is a significant reversal of the EIA's recent past forecasts that mirrored declining production as most gas producers parked their drilling rigs as prices fell. But along with expected increases in gas production this year and next, new demand driven by new power plants and export terminals is expected to push prices slightly higher through next year. Several gas power plants are under construction in Ohio, for example, and will significantly increase demand for gas -- while pushing power prices down. The EIA sees "spot" prices, what a gas supplier would pay without a contract, increasing this year by almost $1 per 1,000 cubic feet to an average of $3.54 per Mcf and increasing in 2018 to an average of $3.81 per Mcf. In Ohio, where Utica shale gas has driven down prices in the eastern side of the state to below national prices, suppliers continue to expect a discount because of oversupply.  But that discount has already fallen compared with previous years and is expected to continue to shrink. The discount affects Dominion East Ohio customers who are receiving the Utica gas.   Columbia Gas of Ohio's standard price more reflects the national contract prices and is therefore significantly higher than Dominion consumer prices. Electricity prices in Ohio are another story and the state's two largest utilities, FirstEnergy and American Electric Power, prepare a full lobbying effort to persuade lawmakers to change the state's 16-year de-regulation rules that have given customers the ability to shop for their power suppliers.  Both companies have also managed to increase prices on the delivery side of the bill. The EIA expects U.S. residential electricity prices to average 12.93 cents per kilowatt-hour this year and 13.24 cents per kilowatt-hour in 2018. The Public Utilities Commission of Ohio estimated the average Ohio price for electricity in December 2016 was 13 cents per kilowatt-hour and that the average consumption was 750 kilowatt-hours per month. 
15 points by The Plain Dealer | Petroleum Shale gas Natural gas Energy Oil shale Coal Peak oil Hydrocarbon
Nasdaq hits new closing high as other stock indexes eke out gains
Energy stocks fell as oil prices retreated.         
-2 points by Arizona Republic | Petroleum Benchmark Stock market index OPEC Light crude oil Peak oil Dow Jones Industrial Average Nikkei 225
US stock indexes up slightly in afternoon trading; oil falls
U.S. stock indexes were mostly higher in late-afternoon trading Tuesday after spending much of the day drifting between small gains and losses. Investors continued to focus on the latest batch of company earnings and outlooks. Energy companies were down the most following a slide in crude oil prices. Consumer-focused companies led the gainers.
-2 points by Boston Herald | Petroleum Dow Jones Industrial Average Benchmark Peak oil Light crude oil OPEC Nikkei 225 Stock market index
US stock indexes mixed in afternoon trading; oil slides
U.S. stock indexes drifted between small gains and losses in afternoon trading Tuesday, giving up some of their gains from earlier in the day. A slide in crude oil prices weighed on energy companies, which fell the most, adding to the sector's losses this year. Consumer-focused companies led the gainers. Investors were also sizing up the latest company earnings reports.
-2 points by Boston Herald | Petroleum Dow Jones Industrial Average Benchmark Peak oil Light crude oil OPEC Nikkei 225 Stock market index
Stocks pull back after Dow, Nasdaq hit records
Energy stocks fell as oil prices retreated.         
-2 points by Arizona Republic | Petroleum Benchmark Stock market index OPEC Light crude oil Peak oil Dow Jones Industrial Average Nikkei 225
North American rebound pulls oil prices lower
Daniel J. GraeberFeb. 7 (UPI) -- The continued rise in energy sector activity in North America pushed crude oil prices toward their second straight day of losses early Tuesday.
-2 points by UPI | Petroleum Benchmark Peak oil Brent Crude North America United States Light crude oil Dubai Crude
U.S. rig count up 4 percent
Daniel J. GraeberFeb. 7 (UPI) -- The number of rigs actively exploring for or producing oil or gas in the United States was up 4.4 percent year-on-year in January, Baker Hughes reported.
11 points by UPI | Petroleum Peak oil United States Oil shale United Press International Mexico Saudi Arabia Benchmark
Statoil focuses on operational performance
Daniel J. GraeberFeb. 7 (UPI) -- Even as it took a loss for the fourth quarter, Norwegian energy major Statoil said its production was up 2 percent from the same time last year.
1 points by UPI | Petroleum Norway Peak oil United Press International OPEC Benchmark Barrel of oil equivalent Light crude oil
U.S. retail gas prices holding steady
Daniel J. GraeberFeb. 7 (UPI) -- U.S. retail gasoline prices are holding steady as the broader energy market is stuck in a tug of war of oil production trends, a report from AAA finds.
2 points by UPI | Petroleum Gasoline Peak oil Contiguous United States United States territory Energy crisis
Iran tensions again lift oil prices slightly
Daniel J. GraeberFeb. 3 (UPI) -- Increased geopolitical tensions are adding support to crude oil prices early Friday, though the market remains highly volatile so far.
6 points by UPI | Petroleum Benchmark Peak oil Brent Crude OPEC Light crude oil Dubai Crude Economics
Russia keeps key rate unchanged
Daniel J. GraeberFeb. 3 (UPI) -- An expectation of slow growth despite better-than-expected recovery on the bank of an oil price rebound in 2016 means stable rates, Russia's Central Bank said.
1 points by UPI | Russia Petroleum Peak oil Benchmark OPEC Inflation Central bank Interest rate
SocGen: U.S. oil market a bit bearish
Daniel J. GraeberFeb. 3 (UPI) -- The U.S. crude oil market is turning bearish as stockpiles build up in response to rising imports, a review of data from Societe Generale said.
3 points by UPI | Petroleum Peak oil OPEC Gulf of Mexico Gulf Coast of the United States Benchmark Louisiana United Press International
Obama administration bans Arctic oil drilling through 2022. But will Trump reverse it?
The Obama administration said Friday it was banning offshore oil drilling in the Arctic through 2022, a move that prompted widespread praise from conservation groups but raised questions over how long the decision will stand just two months before President-elect Donald Trump takes office. A new...
276 points by Los Angeles Times | Petroleum Natural gas Alaska Canada Arctic Ocean Peak oil Barack Obama Fossil fuel
On its way out, Obama administration moves to slam door shut on Arctic drilling
The Obama administration on Friday banned offshore drilling in the Arctic, setting a likely collision course with President-elect Donald Trump, who has vowed to "unleash" new energy production in the United States by rolling back restrictions on oil and gas companies. The move by the Interior Department,...
34 points by Chicago Tribune | Petroleum Petroleum industry Peak oil Natural gas Arctic Ocean Canada Oil reserves Alaska
Oil prices start Friday in hesitant rally
Daniel J. GraeberWASHINGTON, Nov. 18 (UPI) -- Crude oil prices moved higher to start the day on Friday on competing strains from production levels outside of OPEC and sentiment for a market deal.
1 points by UPI | Petroleum Benchmark United Press International OPEC Brent Crude Peak oil William Randolph Hearst International News Service
Let's consider freezing oil production, Russia says
Daniel J. GraeberDOHA, Qatar, Nov. 18 (UPI) -- Major oil-producing nations could implement a freeze in output levels as a tool to bring the market back into balance, Russia's energy minister said Friday.
9 points by UPI | Petroleum OPEC United Press International Peak oil William Randolph Hearst Russia Moody's International News Service
Biggest US oil discovery ever revealed
Geologists say a new survey shows an oilfield in west Texas dwarfs others found so far in the United States -- but the low price of oil means it will be a while before rigs start pumping, a television station reported.
9917 points by CNN | Peak oil Petroleum United States Geological Survey Barrel Barrel Midland Texas United States Oil well
OPEC, Yellen give oil prices a lift
Daniel J. GraeberNEW YORK, Nov. 17 (UPI) -- Upbeat assessments about the pace of growth for the U.S. economy and a build in momentum for an OPEC production deal pushed oil prices higher early Thursday.
2 points by UPI | OPEC Petroleum Benchmark United Press International Brent Crude Peak oil William Randolph Hearst International News Service
Expect more output next year, Canadian energy company says
Daniel J. GraeberCALGARY, Alberta, Nov. 17 (UPI) -- The largest oil and gas company in Canada, Suncor said its production could increase more than 10 percent next year while spending moves the other way.
4 points by UPI | Athabasca Oil Sands Petroleum United Press International William Randolph Hearst Peak oil International News Service News World Communications Oil sands
Texas' Wolfcamp shale reserve may be largest ever assessed in U.S.
Daniel J. GraeberHOUSTON, Nov. 17 (UPI) -- With renewed focus on Texas shale deposits, regional bankers said they were planning a regional joint economic conference to discuss a new energy reality.
78 points by UPI | Federal Reserve System Petroleum Central bank United Press International Peak oil Monetary policy Oil shale United States
Safety regulator finds no issues with Johan Sverdrup
Daniel J. GraeberSTAVANGER, Norway, Nov. 17 (UPI) -- An audit of elements of the early operations tied to infrastructure at the Johan Sverdrup oil field offshore Norway uncovered few issues, a regulator said.
4 points by UPI | Petroleum United Press International Norway International News Service News World Communications William Randolph Hearst Peak oil OPEC
North Dakota oil production falls
Daniel J. GraeberBISMARCK, N.D., Nov. 17 (UPI) -- A regulator in North Dakota said low oil prices were in part behind the decline in crude oil production, last reported at its lowest level since early 2014.
20 points by UPI | Peak oil Petroleum Benchmark Bakken Formation Oil shale Price of petroleum OPEC Low-carbon economy
Tinder reveals top careers for dating app success
Dating app Tinder has revealed the most popular professions people ‘swipe right’ for in the UK, with lawyers, teachers, estate agents and personal trainers ranking higher than models. Read Full Article at RT.com
124 points by Russia Today | Creativity Time Online dating service Real life Relationship Director Online dating Peak oil
AAA predicting busiest Thanksgiving travel since 2007

-2 points by The Philadelphia Inquirer | Peak oil Price of petroleum Energy crisis Thanksgiving 1973 oil crisis Philadelphia Light crude oil Airline
Vast field of recoverable oil, natural gas found in Texas
DALLAS — A vast field of shale rock in West Texas could yield 20 billion barrels of oil, making it the largest source of shale oil the U.S. Geological Survey has ever assessed, agency officials said.
-1 points by Pittsburgh Post-Gazette | Petroleum Natural gas Standing Rock Indian Reservation Geology Oil well Pipeline transport Peak oil Petroleum industry
Oil rebounds on possibility of 'formal' freeze talks meeting
The informal talks next week in Algeria to cap output by the world's biggest oil producers may turn into a formal meeting, according to the host. The news helped crude prices recover after Tuesday's losses. Read Full Article at RT.com
17 points by Russia Today | Petroleum OPEC Saudi Arabia Peak oil United Arab Emirates Benchmark Algeria 1973 oil crisis
Venezuela Crises Compound as Oil Industry Falls Into Disarray
Oil accounts for half the government’s revenues, but profits have evaporated amid a drop in global prices, forcing Venezuela to seek help from a nemesis: the United States.
7294 points by The New York Times | Petroleum Venezuela Petroleum industry Oil well Oil field Light crude oil Peak oil United States
Michigan Senate tackling complex energy bill that could affect everyone
The energy legislation will affect all Michigan residents, but some feel powerful interests are calling the shots        
-1 points by Detroit Free Press | Electricity market Energy development Electricity United States Senate Renewable energy Energy Peak oil Conservation of energy
Pittsburgh-area gasoline prices stay flat with pipeline disruption
Average retail gasoline prices in the Pittsburgh region sit around $2.37 a gallon this morning, about even with one week ago, according to GasBuddy’s survey of more than 700 stations in southwestern Pennsylvania. 
-1 points by Pittsburgh Post-Gazette | Benchmark Petroleum Peak oil OPEC Light crude oil 1980s oil glut Pipeline transport Price of petroleum
France bans plastic plates and cutlery
France has apparently become the first country in the world to ban plastic plates, cups and utensils, passing a law that will go into effect in 2020. Exceptions will be allowed for items made of compostable, biosourced materials. The new law is a part of the country's Energy Transition for Green...
-1 points by Chicago Tribune | European Union Law Greenhouse gas Fossil fuel Europe Peak oil European Commission French language
New Zealand brushing off challenge of low oil prices
Daniel J. GraeberWELLINGTON, New Zealand, Sept. 19 (UPI) -- Even though lower crude oil prices may be inhibiting investments, New Zealand's government said it was moving ahead with plans for onshore sales as planned.
45 points by UPI | United Press International Peak oil William Randolph Hearst International News Service News World Communications Petroleum Energy OPEC
Eni said it may be ready to pounce in Tunisia
Daniel J. GraeberMILAN, Italy, Sept. 19 (UPI) -- Italian energy company Eni said Monday it notched a success in Tunisia, where oil has started to flow out of a discovery prospect in the Sahara desert.
6 points by UPI | Petroleum United Press International International News Service William Randolph Hearst News World Communications Peak oil Sahara OPEC