Last week’s oil price rally fizzles

Daniel J. GraeberNEW YORK, Jan. 25 (UPI) — Crude oil prices retreated after surging more than 9 percent during the previous session as markets reacted to the latest supply-side concerns from OPEC.

Turkey a vital energy partner, EU says

Daniel J. GraeberANKARA, Turkey, Jan. 25 (UPI) — Turkey is a fundamental partner in the drive to ensure the European energy sector is well supplied and free from dominance, the European Commission said.

OPEC losing clout, energy chief says

Daniel J. GraeberLONDON, Jan. 25 (UPI) — The Organization of Petroleum Exporting Countries is fading, though Middle East producers may reign supreme, the CEO of Italian energy company ENI said.

E.ON readies wind farm for English Channel

Daniel J. GraeberDUSSELDORF, Germany, Jan. 25 (UPI) — Utility company E.ON announced plans to start laying the foundation for the Rampion wind farm project slated for the English Channel.

Crude oil prices move up 5 percent

Daniel J. GraeberNEW YORK, Jan. 22 (UPI) — Assurances about the pace of economic growth spilled into Friday trading, giving crude oil prices a major lift, though Iran may emerge as a short-term factor.

Russia sees oil settling near $30 per barrel

Daniel J. GraeberDAVOS, Switzerland, Jan. 22 (UPI) — Oil market volatility can’t last very long, as $30 per barrel may emerge as the low-point for the year, the head of a Russian financial services company said.