Oil prices falter on OECD slowdown

Daniel J. GraeberNEW YORK, April 7 (UPI) — Reports of a minor slowdown in major economies pushed crude oil prices lower Thursday, one day after supply-side indications sparked a major rally.

EU objecting to new Russian gas capacity

Daniel J. GraeberBRUSSELS, April 7 (UPI) — Adding on to the Nord Stream natural gas pipeline running from Russia to European shores would impact the regional market significantly, an EU official said.

Wintershall expects rough year

Daniel J. GraeberKASSEL, Germany, April 7 (UPI) — German oil and gas company Wintershall said it was expecting a steep decline in sales this year as crude oil prices linger at around $40 per barrel.

Setback for Chevron in Australia

Daniel J. GraeberSAN RAMON, Calif., April 6 (UPI) — A mechanical issue at one of the facilities cooling gas to liquid form at the Gorgon project in Australia forced the shutdown of operations, Chevron said.

TransCanada examining potential Keystone leak

Daniel J. GraeberCALGARY, Alberta, April 5 (UPI) — Pipeline company TransCanada said it closed its Keystone pipeline while it examines what it said may be a small leak from a pump station in South Dakota.

Wind energy growing, IEA report finds

Daniel J. GraeberPARIS, April 5 (UPI) — Electricity produced by wind across the 34 members of the OECD increased at its highest rate ever recorded, a report from the International Energy Agency finds.