Oilgame

OPEC oil ministers have decided on Thursday to maintain crude production at existing levels. The organization noted that prices around $60 a barrel is appropriate and expressed satisfaction over available supplies ahead of the high-demand American...

In an interesting development, Belarus hits back at Russia by slamming huge taxes on Russian oil transported through its pipeline to European countries. The decision was taken after three days when Belarus halfheartedly agreed to demands by the...

Grappling over oil politics is relentless in this world. In a new twist in the game, at one hand U.S. and other oil-consuming nations have requested OPEC, which produces almost 40 percent of the world production, to expand out put to ease the world...