Oilgame

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..

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..

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..

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...

Oil prices fell a dollar after Nigerian oil unions suspended their two-day strike that caused to disrupt oil shipments from the world's eighth-largest oil exporter over the weekend. Ongoing strike suspension gives an ease to the market, as light,..

Soaring oil prices seem to break all previous records when the market witnessed a nine-month high near US$72. This recent surge is apparently pushed by a strike threat in Nigerian oil field and a mounting pressure for imposing tougher sanctions...

Increasing oil prices are forcing consumers to lose the weight of their pockets. Two consumer groups unveiled that in 2006 U.S. families paid $1,000 more on average for gasoline than in 2001, as higher oil prices ate up a hefty portion of the income..

The International Energy Agency has warned of a summer of worries in global oil and products markets unless the Organization of Petroleum Exporting Countries introduces a substantial output increase shortly. In its closely watched monthly...

Oil prices slashed again in Asian trading. Light, sweet crude for June delivery dropped 34 cents to $65.37 a barrel in midmorning Asian electronic trading on the New York Mercantile Exchange. U.S also noticed decline in the prices, which fell 75...

Global crude oil surge to a three-month high following Iran`s detention of 15 British sailors and the UN`s decision to tighten sanctions against the country that triggered concern that Middle East supplies may be disrupted. Oil prices for May...