Crude oil prices take it on the chin

Daniel J. GraeberNEW YORK, April 15 (UPI) — Pessimism from the World Bank, coupled with jitters ahead of a weekend meeting for oil producers in Doha, pushed the price of crude oil sharply lower Friday.

Goodrich Petroleum files for bankruptcy

Daniel J. GraeberHOUSTON, April 15 (UPI) — U.S. energy company Goodrich Petroleum Corp. announced Friday it filed for bankruptcy protection in an effort to erase $400 million in debt.

Iowa puts faith in wind energy

Daniel J. GraeberDES MOINES, Iowa, April 15 (UPI) — An Iowa utility company said it was on pace to have wind energy account for 40 percent of the electricity share in the state with a major stimulus package.

Oil finances nearly severed for Islamic State

Daniel J. GraeberWASHINGTON, April 14 (UPI) — Thousands of airstrikes against Islamic State targets in Iraq and Syria have curbed the group’s ability to fund operations through oil, the White House said.

OPEC demand forecast drags oil prices lower

Daniel J. GraeberNEW YORK, April 13 (UPI) — A three-day rally for crude oil prices came to an end Wednesday after OPEC said in its monthly report for April that demand was expected to falter.

New oil coming from North Sea

Daniel J. GraeberLONDON, April 13 (UPI) — The first volumes of oil are flowing from a well at the Solan field in the North Sea, which should reach steady production rates yet this year, Premier Oil said.

Coal leader Peabody files for bankruptcy

Daniel J. GraeberST. LOUIS, April 13 (UPI) — Peabody Energy Corp. said Wednesday it’s the latest coal industry leader to face sector-wide pressures and seek U.S. bankruptcy protection.