Oilgame

Iranian oil minister asserts that OPEC won't release more oil into the market ahead of its next policy meeting in September as markets have sufficient crude oil reserve, whereas Saudi Arabia decides to keep its shipment volumes steady. Iranian...

The Russian oil giant Gazprom, discloses that company is near to increase its presence in Britain. Gazprom didn’t reveal its partner’s name, but it is highly expecting that oil giant is in talk with British oil giant Centrica from long.

The whole world is battling with the mounting oil prices. Refineries profits are digging, automakers has experienced biggest slump. Rising oil prices has become biggest reason for slanting inflation, which has tattered many economies. National banks..

This Monday Dominion Resources Inc, the noted Gas and electric company said that it will sell all its U.S. onshore oil and gas exploration and production operations at $6.5 billion in two transactions. Dominion’s operations in Michigan,...

In oil exploration and drilling, Vietnam is the latest partner of Cuba in the Gulf of Mexico. Recently, Chief of the communist party of Asian nation has visited and it was one of the various agreements that were signed. On Friday, Defence...

Rising oil prices are continue to bother consumers as it is climbing up to new record daily. Galloping oil prices do not seems to recede. Oil prices have raised again a dollar a barrel higher mark amid concerns about supplies in the US. In the...

Russian regulators have held the much debated and criticized decision on BP license row for the Kovykta gas field in East Siberia. Licensing agency, Rosnedra, is looking into case whether TNK-BP's operations should be stopped but seeks two weeks..

Well, I always thought that technology is a very powerful tool but didn't have even the slightest inkling that just a little misinformation can cause so much of havoc. A story on KOTV online version erroneously ran that an oil refinery in Tulsa,...

After falling to clear Russian regulators worries, western oil giant Shell has lost its license to drill oil in Russian oil field. US and its supportive European nation impeached Russia to use its oil reserve as an economic and political pressure...

British oil driller BP is on the verge to lose its license for the Kovykta gas field when a Siberian court declined to hear its arguments. The Russian government is getting back all stakes in state’s hand to get monopoly over its oil...