E.ON, Statoil team up for German wind farm

Daniel J. GraeberDUSSELDORF, Germany, April 25 (UPI) — In a move with Norwegian oil and gas company Statoil, Germany’s E.ON said it was ready to build more wind energy developments off the nation’s coast.



U.S. gasoline demand soars

Daniel J. GraeberWASHINGTON, April 22 (UPI) — U.S. gasoline demand reached the highest levels since record-keeping began as consumers took advantage of lower prices, a petroleum group said.


U.S. gasoline demand soars

Daniel J. GraeberWASHINGTON, April 22 (UPI) — U.S. gasoline demand reached the highest levels since record-keeping began as consumers took advantage of lower prices, a petroleum group said.


Schlumberger revenue takes nose dive

Daniel J. GraeberHOUSTON, April 22 (UPI) — Schlumberger, the largest oil field services company in the world, said its first quarter revenue experienced one of its sharpest declines since 2014.



Economists: Texas handling oil slump well

Daniel J. GraeberDALLAS, April 21 (UPI) — The Texas economy is facing pressure from lower crude oil prices, though it’s better able to weather the storm than in the past, state economists said.