South Korea, Iran eye oil and gas deals

Daniel J. GraeberTEHRAN, May 2 (UPI) — South Korea and Iran signed off on more than a dozen proposals, including those tied to oil and gas, as Iran’s president touts the value of foreign investments.

North Dakota showing little rig movement

Daniel J. GraeberBISMARCK, N.D., May 2 (UPI) — Despite a rally in oil prices of around 30 percent, the number of rigs deployed in shale-rich North Dakota is steady for the fifth straight week, data show.

Enbridge weighing its options

Daniel J. GraeberHOUSTON, May 2 (UPI) — Pipeline company Enbridge said spending for 2016 would be significantly lower than in past years, though it maintained it’s positioned well in North America.