Oilgame

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...

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..

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...

World oil production peaked in 2006 and is likely to reduce to half of current production in 2030. Peak Oil represents the situation when amount of oil that can be extracted in a year begins to decline , because geological limitations are reached....

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...

Fidelity Investments Inc. has reduced its stake significantly in PetroChina Co., China's largest oil producer, by more than 90 percent of American depositary receipts in the middle of calls for the mutual-fund giant to divest from companies linked...

Sinopec Corp of China, ExxonMobil Corp of the United States and Saudi Arabia's Saudi Aramco formally forged an alliance for a mega-petrochemical expansion project and a fuel marketing scheme in Fujian Province to tap demand in southeastern China....

Bolivia and Brazil has reached an agreement on how much Brazil will pay for Bolivian natural gas, resolving a year's long disputed issue which has divided neighbours. Brazil keen to settle the dispute as it depends on Bolivia for 50 percent of...

To curve the global warming, U.S government order to limit the carbon emissions to possible limit, as it has became a threat to the world. While addressing the congress, President Bush emphases on the new policy, which would be suggests all measures..

Higher oil and gas prices boosted Norwegian oil and gas giant Statoil's full-year net income to a new high of 6.5 billion dollars as its turnover increased 10 percent to $67.7 billion. Norway-based oil giant Statoil reported its full year...