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...
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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..
Gazprom confirmed French energy major Total as its partner to develop the Shtokman natural gas field. Total will control 25 percent stake to finance, build and own the field's infrastructure.
ConocoPhillips, Chevron, Statoil, and Norsk Hydro...
Foreign oil companies are finding it tough to ward off increasing pressure in Latin America as Honduras and Venezuela try to wield greater control over energy sector. However, U.S. oil firms have said that they will maintain their presence in...
Bowing to the immense pressure mounted by the democrats, the U.S. government decided to lift a long-standing moratorium on drilling in Bristol Bay, Alaska. The decision was also taken when OPEC started planning to reduce supply of oil and gas in...
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