ENERGY NEWS

Oil prices rally on geopolitical tensions

April 10 (UPI) -- Geopolitical factors spilled over into the broader economic mood early Monday to send crude oil prices sharply higher in early trading.

U.S. emissions generally lower last year

April 10 (UPI) -- The only U.S. sector where emissions of carbon dioxide increased last year was in the transportation sector, an Energy Department division reported.

Brent decommissioning opaque, environmentalists say

April 10 (UPI) -- Royal Dutch Shell hasn't provided enough information on plans to take down key North Sea infrastructure to address our concerns, environmental groups said.

OMV sees Libya as a natural fit

April 10 (UPI) -- Libya fits in well with a strategy of capitalizing on mature onshore oil basins and service to European energy needs, the head of Austria's OMV said.

Iran sees foreign investments in energy sector stable

April 10 (UPI) -- Iran expects more, not less, foreign investments in its oil and natural gas sector because of fewer sanctions restrictions, the oil minister said.

IEA: India needs diverse investments in renewables

April 10 (UPI) -- India, which accounts for about 6 percent of total world energy demand, is making strides with renewables, but needs more investments, the IEA said.

Texas drilling activity more than doubled from last year

April 10 (UPI) -- The total number of original drilling permits more than doubled year-on-year in March, though commercial prospects may be lower, a Texas regulator reported.