ENERGY NEWS Oil prices inch lower to end week but sentiment of upward momentum unbowed

Oil prices inch lower to end week but sentiment of upward momentum unbowed

April 14 (UPI) -- Crude oil prices edged lower in early Friday trading on the back of U.S. exploration and production trends, though some sentiment of upward momentum remains.

China posts double-digit gain in fiscal revenue

April 14 (UPI) -- Amid signs of growing demand for oil and petroleum products, China's Finance Ministry reported fiscal revenue rose 14.1 percent in the first quarter.

Russia takes conservative approach on the price of oil

April 14 (UPI) -- Russia is taking a conservative approach to the price of oil, pegging its scenario for growth at $40 per barrel for the nation's benchmark Urals crude oil.

Iran vows to match Qatar in terms of overall energy production

April 14 (UPI) -- Iran could go tit-for-tat on production trends with Qatar given recent developments at a Persian Gulf oil and gas field, the Iranian oil minister said.

Oil stimulating the economy of Ghana, IMF says

April 14 (UPI) -- The economic prospects for emerging West African oil player Ghana are encouraging given the large increase in production, the International Monetary Fund said.

Alberta takes economic and trade message to Asia

April 14 (UPI) -- The economies of Asia are eager for some of Canada's top export commodities like energy and petrochemicals, the country's trade minister said.

Oil prices relatively flat after mixed report on supply and demand

April 13 (UPI) -- Crude oil prices got modest support early in the trading day Thursday on signs of a balancing market, though the devil may be in the details.

Russia tapping deeper into Arctic oil basin

April 13 (UPI) -- Russian oil company Gazprom Neft said it finished drilling a new production well at one of its flagship fields above the Arctic Circle.