Oilgame

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..

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..

With the world facing some major oil crisis, now is an excellent time to produce more oil. Otherwise, the gas prices in the US as well as throughout the world is more than likely to skyrocket in coming years. Keeping this in mind, OPEC was asked to...

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..

Increasing budget for the future’s energy source ‘biofuels’ has spurred the din among the oil producer and looking for the measure to combat with the forthcoming problems. Oil producers have pulled out their plan to increase...

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 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..

U.S. gasoline prices raised to a record $3.10 a gallon topes all time high $3.07 a gallon in September 2005 after Hurricane Katrina disrupted refinery operations and oil production along the Gulf Coast. The price increased for regular unleaded...

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...

Fall in demand for oil is a bit of an oxymoron. Yet, OPEC ministers are losing their sleep over increasing in the global efforts to reduce dependence on oil. In a recent statement, OPEC has warned that it may respond to efforts of curbing oil demand..