Oilgame

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...

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..

Venezuelan president Hugo Chavez urges Russia to increase its investment in his country as Venezuelan government has pushed western investors out from the state and those who are providing their services in Venezuela they are under immense pressure to...

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...

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...

US senators have shown their indignation on oil giant BP and have asked them to clear their basis to reduced capacity of refineries, drilling at their half capacity in the peak US summer season. Senator Pete Domenici, member of the Senate...

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..

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...