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  • Fuel in the US now costs the same as during the financial crisis

    Oil And Gas Industry News.Net

    HOUSTON, Texas - The average price of a gallon of fuel in the United States fell 25 cents during the past two weeks, according to a Lundberg survey released Sunday. The price of fuel in the US has ...

  • The Rundown -- December 22


    RFE/RL in the Media "Moscow Times" cites RFE/RL reporting on Lesin investigation (site currently down) "Jerusalem Post" on Khadija Ismayilova's arrest and the dilemma for Israel "Guardian" lists ...

  • Saudi Arabia Wont Cut Oil Output

    Oil And Gas Industry News.Net

    ABU DHABI - Saudi Arabia said on Sunday it would not cut output to prop up oil markets even if non-OPEC nations did so, in one of the toughest signals yet that the world's top petroleum exporter ...

  • Our ancestors used olive oil for cooking

    Oil And Gas Industry News.Net

    Excavation experts have unearthed nearly 8,000-year-old ancient clay pots in the Lower Galilee region of northern Israel with olive oil residues in them, driving home the point that our ancestors ...

  • Libya sends reinforcements against militants in oil crescent

    Oil And Gas Industry News.Net

    The Libyan army and forces loyal to General Khalifa Haftar sent military reinforcements to the oil crescent region to fight Libya Dawn militias, officials said Sunday. A military official told ...

  • IS militants recapture oil refinery town in Iraq

    Oil And Gas Industry News.Net

    A militant group of the Islamic State (IS) recaptured the oil refinery town of Baiji which was freed recently by the Iraqi security forces, a source from the province of Salahudin said Sunday. On ...

  • Saudi minister says Opec not responsible for fall in oil prices

    Oil And Gas Industry News.Net

    Saudi Arabia's Oil Minister Ali al-Naimi has said that the falling prices of oil in the Gulf states is not the fault of Opec group. According to the BBC, Naimi said during a conference in Abu Dhabi ...

  • Update on Horse Hill-1 Well


    DENVER, CO--(Marketwired - December 22, 2014) - Magellan Petroleum Corporation (NASDAQ: MPET) ("Magellan" or the "Company") today announced that its partners in the Horse Hill-1 well ("HH-1") in ...

  • Russia‚Äôs new gas pipeline to Turkey may be named Turkish Stream


    Russia's new natural gas pipeline, which energy giant Gazprom will built in place of the South Stream pipeline, might be called the Turkish Stream, Gazprom deputy CEO Alexander Medvedev said on ...

  • Market movers Shell BP Kingfisher Circle Oil Fitbug REX Bionics


    (MENAFN - ProactiveInvestors) London-listed oil firms kicked off the holiday-shortened week with gains as Brent crude rose above US62 a barrel overnight. After seeing a rebound on Friday many have ...

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