ENERGY NEWS Russia plans to cut oil output by 300,000 barrels per day

No end in sight for rally on crude oil prices

April 12 (UPI) -- There was no quarter for the sustained rally in crude oil prices early Wednesday as OPEC chatter adds to the support emerging from geopolitical tensions.

Russia plans to cut oil output by 300,000 barrels per day

April 12 (UPI) -- According to state media in Russia, the country's oil minister has upped the ante on how much the country will cut out of its production levels through June.

Shell claims low-carbon edge

April 12 (UPI) -- One of the largest oil companies in the world, Royal Dutch Shell said Wednesday it was focused on a low-carbon strategy that was geared toward long-term growth.

Norwegian company Aker BP posts production gains

April 12 (UPI) -- Aker BP, a merger of Norwegian energy companies and a national subsidiary of BP, said Wednesday its first quarter production was up nearly 15 percent.

Thanks, but no thanks, BHP Billiton tells hedge fund

April 12 (UPI) -- Australian energy and mining company BHP Billiton has everything in place to increase shareholder value, it said in response to calls to break up its portfolio.

Florida lawmaker fending off calls for oil and gas drilling

April 12 (UPI) -- Amid calls for more oil and gas drilling, Florida Sen. Bill Nelson said he was "beating back" pressure for exploration in the Gulf of Mexico.