Aussie oil company gushing over Cuba

Daniel J. GraeberMELBOURNE, Feb. 9 (UPI) — The lower cost of operating in the Cuban oil sector and improving Western diplomatic ties means good things for early movers, an Australian company said.

Retail gasoline selling for a bargain

Daniel J. GraeberWASHINGTON, Feb. 9 (UPI) — Retail gasoline price movements may buck historic trends and not move up dramatically on seasonal pressures, motor club AAA reports.

Texas oil chief strikes defiant tone

Daniel J. GraeberMIDLAND, Texas, Feb. 9 (UPI) — A Texas energy regulator struck a note similar to the struggling industry, saying the state’s oil sector is positioned for a rebound once markets improve.

Iran aims for more diverse economy

Daniel J. GraeberQOM, Iran, Feb. 8 (UPI) — Iranian exports of around $50 billion worth of non-petroleum products are not enough to diversify the nation’s economy, the speaker of parliament said.