OIL - BIO FUEL DAILY

Statoil keeping production expectations in place

Jul 27, 2016 (UPI)

Even though low oil prices resulted in weak earnings, Norwegian energy company Statoil said it was keeping its production expectations unchanged for the year. T...

Oil prices mixed as investors weigh latest earnings

Jul 27, 2016 (UPI)

Lackluster earnings reports out early Wednesday balanced against assessments on the market trajectory to leave crude oil prices in mixed territory. Hess Corp. a...

A 'smart dress' for oil-degrading bacteria

Jul 27, 2016 (SPX)

Bionanotechnology research is targeted on functional structures synergistically combining macromolecules, cells, or multicellular assemblies with a wide range o...

Oil company Tullow turns a profit

Jul 27, 2016 (UPI)

While reporting a profit from its base in London, oil and gas explorer Tullow Oil said Wednesday oil from one of its major investments is expected next month. T...

Issues reported before Saskatchewan oil spill

Jul 27, 2016 (UPI)

Husky Energy said it reported anomalies on a pipeline system the night before it ruptured and released oil into the North Saskatchewan River. Responders working...

KazMunaiGas threatens action over Romania refinery seizure

Jul 27, 2016 (AFP)

Kazakhstan's state oil company KazMunaiGas on Wednesday threatened to seek international arbitration against Bucharest over the seizure of its refinery in easte...

Texas economist warns against exuberance

Jul 26, 2016 (UPI)

Moderation in crude oil prices during the second quarter of the year shouldn't translate to an overwhelming sense of optimism, a Texas economist said. Crude oil...

Energy issues in Turkey's hands, Russia says

Jul 26, 2016 (UPI)

Decisions related to natural gas transit infrastructure tied to Russian supplies are in the hands of the Turkish government, a Gazprom chairman said. Russian an...

BP planning to bring more barrels online

Jul 26, 2016 (UPI)

Even though results for the second quarter show yet another loss, BP CEO Bob Dudley said thousands of barrels of new production is coming online this year. BP s...

Canada phasing out some oil railcars early

Jul 26, 2016 (UPI)

Getting older rail cars that carry crude oil out of service quicker means eliminating the weakest link in the chain of safety, the Canadian government said. Can...

Pessimism bubbles up to leave oil prices mixed

Jul 26, 2016 (UPI)

Crude oil prices were trading in mixed territory early Tuesday after BP said more output was expected, but market recovery would be slow. British energy company...

AAA: Gas prices will stay lower this summer

Jul 26, 2016 (UPI)

Pointing to a market flush with fuel supplies, motor club AAA said less than 1 percent of retail service stations are selling gas above the $3 mark. In 2008, th...

Oil spill threatens Saskatchewan drinking water

Jul 25, 2016 (UPI)

With an oil spill threatening area water ways, provincial leaders in Saskatchewan said protecting drinking water supplies was the top priority. Responders worki...

Russian company Gazprom Neft pumping 67,000 barrels of oil a day in eastern Iraq

Jul 25, 2016 (UPI)

Production momentum at the Badra oil field in eastern Iraq has resulted in almost half of the total volumes emerging this year, Russian company Gazprom Neft sai...

Russian economy recovering slowly

Jul 25, 2016 (UPI)

With oil holding relatively stable, there are few restrictions on meeting inflationary goals by the end of next year, a Russian finance minister said. "Inflatio...

North Dakota rig count up 10 percent

Jul 25, 2016 (UPI)

The number of rigs actively exploring for or producing oil and natural gas in North Dakota is up 10 percent from last week, state data show. State data shows 32...

Market uncertainty drags oil prices lower

Jul 25, 2016 (UPI)

Pessimism about the market's trajectory combined with violence in Nigeria, an OPEC member, sent crude oil prices lower in early Monday trading. A research note ...

Scotland working to protect EU relations

Jul 25, 2016 (UPI)

The Scottish government, which once pushed an independence bid in part on oil revenue, said every option is on the table for staying in the European Union. The ...

Nord Stream planners reviewing next steps

Jul 25, 2016 (UPI)

The planning companies behind an expansion to a natural gas pipeline in the Baltic Sea said they're exploring their options amid Polish anti-trust concerns. Rus...

Poll: Republican voters see Big Oil as big deal

Jul 22, 2016 (UPI)

Though most would-be voters back a strong U.S. energy sector, a survey finds a hawkish oil and gas policy is backed more by those considered Republicans. A surv...