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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.

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Taiwan's state oil company CPC plans to submit tender to explore for oil in North Peru, the Central News Agency (CNA) said Saturday.

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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. …

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