Crude oil recovers from Monday’s loss

Daniel J. GraeberNEW YORK, Jan. 26 (UPI) — Crude oil prices started Tuesday in volatile territory after giving up recent gains, but held above $30 per barrel amid modest signs of economic optimism.


Aliso gas leak effort in final phase

Daniel J. GraeberLOS ANGELES, Jan. 26 (UPI) — The steps necessary to stop the gas leak from Aliso Canyon in California is underway, though work won’t be done until the end of February, a gas company said.



Hess trims spending guidance

Daniel J. GraeberNEW YORK, Jan. 26 (UPI) — U.S. upstream player Hess Corp. said it was cutting planned spending for exploration and production for the year by 20 percent to $2.4 billion.


Iran, Italy sign energy agreements

Daniel J. GraeberROME, Jan. 26 (UPI) — Italian energy company Saipem said it signed an agreement to explore the option for working in the opening Iranian oil and gas sector.


Oil-rich Saudis tilts toward more openness

Daniel J. GraeberRIYADH, Saudi Arabia, Jan. 26 (UPI) — With the privatization of its state-owned oil company on the agenda, a Saudi competition director called for more government support for market newcomers.



Gas prices volatile, but remain low

Daniel J. GraeberWASHINGTON, Jan. 26 (UPI) — Though the average U.S. price for a gallon of gasoline went up by a fraction of a cent, retail prices remain at their lowest in six years, market reports show.