OPEC president Chakib Khelil has again blamed high oil prices on speculators. The Algerian Energy Minister reiterated his previously made comments during a joint briefing with French Energy Minister Jean-Louis Borloo. Khelil added that the crisis was not over and that there would be further impacts on prices.
Taiwan's state oil company CPC plans to submit tender to explore for oil in North Peru, the Central News Agency (CNA) said Saturday.
To cut prices, hoteliers seek subsidised oil, gasTimes of India, India - 4 hours ago”Why should we pay more than Rs 6 per unit for power when ours is an industry and we are entitled to the industrial rate of Rs 4.5 per unit?” asked Ravi. …
Crude futures down on week, but gain over 12% for the monthMarketWatch - 4 hours agoIf you do not want to pay the high prices, don't buy the oil/gas! porschedude? is that really your screen name? its not as simple as “dont buy oil/gas”. …
She noted indigenous people in Alaska and conservation groups filed a lawsuit last month against Shell Oil and British Petroleum to stop exploration planned …
Power struggle: demand for oil is rising far quicker than productionScotsman, United Kingdom - 3 hours agoWith the price of fossil fuels such as oil, gas and coal rising to astronomical levels amid concerns over fuel security and against a backdrop of Britain's …
Ashtead nears oil-gas saleTelegraph.co.uk, United Kingdom - 1 hour agoThe division hires out specialised electronic equipment, such as underwater cameras and portable weather stations, to the offshore oil and gas industry. …
Total, which owns the largest fields in the region, is resisting demands that it build a pipeline large enough to transport the gas stranded in fields owned …
Precious MetalsAfter bottoming at $870 at the open of London trading yesterday, gold finally decided it was time to add some value, and it moved slowly but steadily higher from there to the close of the NYMEX, after which it leveled off and cruised into a finish at $886.10/oz., up $8.80. For the w…
But only a handful of small projects survive, and the recent cancellations mean that most of this work has come to a halt, raising doubts that the technique can be ready any time in the next few decad…