Tag - Business
This can be described as the battle between nationalization and privatization, between national interest and transnational authority, oil supplier’s countries and the non-oil suppliers and Venezuelan pride and US hegemony. While rising oil prices is...
After experiencing a stiff upsurge in the oil prices and growing concern of degrading relationship with the other oil producing nations, Senate has passed an energy bill, which emphasis on the first big increase in fuel mileage requirements for...
Crude oil and gasoline prices once again topped $70 a barrel after the U.S. government's assurance that the subprime crises will not push economy in the recession.
While trading, light, sweet crude for October delivery mounts $1.26 to $71.09 a...
Unstable oil prices are dithering major economies as recently U.S. crude oil prices surged to record highs of $78.77 before falling to around $72.
America urges OPEC to boost production to keep the tempo of oil prices stable, but Venezuela's oil...
China has added another feather to its cap of being home to emerging global giant industries with the state owned PetroChina becoming the world's largest oil producing company on Monday. The company became the first in the world to attain a market cap...
Developing economies are trying to satiate their growing demand by digging new reserves and exploring alternatives, but all seems in vain as energy watchdog, International Energy Agency stated that within five year, world will face acute shortage of...
Kazakh national oil company KazMunaiGaz bought 75% stake in Romanian oil firm Rompetrol for $2.7bn but requires final approval from the European Union.
The deal will double KazMunaiGaz's refining capacity and give it a total of 630 gasoline...
With the world facing some major oil crisis, now is an excellent time to produce more oil. Otherwise, the gas prices in the US as well as throughout the world is more than likely to skyrocket in coming years. Keeping this in mind, OPEC was asked to...
Unexpected market condition has forced BP to rethink on its business strategy. The company has failed to make second quarter profitable amid the recent operational problems.
BP's second quarter replacement cost profit decreases by 1 percent to...
It's assumed that constant development isn't possible without putting environment on stake. However, oil rich country, Ecuador proved it wrong, as President Rafael Correa has come up with an unusual solution to preserve its environment.
The...
American energy firms Exxon Mobil and Conoco Phillips have rejected Venezuelan government offer to work with the state-run Petroleos de Venezuela, S.A.
Venezuela has nationalized its oil industry and told international companies to either partner...
Unstable oil prices have already eaten into the many economies and big consumers like US and European countries are accusing Iran, Iraq, Russia and Venezuela for it.
If the western countries' allegations are right than we should praise...
Tags:
Venezuela, Hugo Chavez, US, Argentina, Uruguay, Nicaragua, Ecuador, Bolivia, Energy Security Treaty, Oil, Business
Ultimately, British oil giant BP is knees down before Russians as it has agreed to sell its stake in Kovykta field to Gazprom.
BP, which drilled oil in Siberian oil field with Russian driller TNK, will get $700 million to $900 million for its...
Royal Dutch Shell PLC posted 18 percent upsurge in the second quarter, apparently boosted by the asset sales and increases margins at oil refineries.
Shell's net profit surged to $8.67 billion, which is a record for quarterly earnings in...
Oil prices are surging incessantly, thanks to political mishmash among the oil producers.
Currently, oil is available at $75.57 a barrel and it is highly anticipated that very soon it will cross the three digit marks. The Goldman Sachs Group has...
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