Moscow :: Russia
| about 8 hours ago
Russia briefly interrupts gas supplies to Ukraine over payment dispute, triggering criticism in the West that the Kremlin is using energy as a political tool. 26 May 2006 : First oil pumped thorugh the Baku-Tbilisi-Ceyhan pipeline. 4 Oct. 2006 : Agreement...
Tags: energy, oil, Russia
Tehrān :: Iran
| about 12 hours ago
U.S. crude for January delivery slipped $3.02 to $51.41 a barrel in electronic trading. The Organization of Petroleum Exporting Countries, a coalition of nations that produce about 40% of the world's oil, held an emergency meeting in Cairo this weekend...
Tags: oil, stock, exporting countries, Abdalla Salem El Badri, petroleum exporting, oil price, OPEC, production cut, crude oil, Cairo
Singapore :: Singapore
| about 17 hours ago
Gold slipped after oil dropped more than $US1 and profit taking hit Japanese shares, while a series of US data which could set the tone for the dollar was likely to discourage investors from taking large positions. Gold has bounced more than 18% since...
Tags: oil, Thomson Reuters, stock, New York Mercantile Exchange
Tehrān :: Iran
| 1 day ago
Iran’s oil minister said today the oil market is estimated to be oversupplied by about 2 million barrels per day (bpd) and Opec will have to decide next month in Algeria about how to stabilise prices. Related Stories Gholamhossein Nozari made the comments...
Tags: oil, Iran, oil price, Algeria, million barrels, Cairo, oil minister, output cut, Saudi Arabia, oil market
Canberra :: Australia
| 1 day ago
Canberra over the holiday period as well as higher discretionary spending by tourists. Chris Richardson, of Access Economics, said the combination of the drop in oil prices and currency would have several benefits for Canberra. ''The lower Australian...
Tags: petrol, oil, Canberra Times, petrol prices, Australia
Karāchi :: Pakistan
| 1 day ago
Adviser to the Prime Minister for Finance Shaukat Tareen on Saturday said that petroleum prices would further decrease from December 1 onwards. The petrol prices could be reduced by an additional Rs 10 per litre and diesel by Rs 8 per litre. During a...
Tags: petrol, business, oil, petrol price
Shanghai :: China
| 2 days ago
A "U," with a slow, methodical reversal that gradually transitions into a market rebound. A "V," with a quick, sharp reversal that marks the start of a powerful rebound...At a time when earnings are slowing and all sorts of red flags are flying, there...
Tags: market rebound, market, oil, obama
Auckland :: New Zealand
| 2 days ago
Lower demand from China and the United States has sucked the crude oil price from a peak of almost US$150 a barrel midway through the year to under US$50 a barrel in the past week. Less demand from hedge funds for commodities has also helped drag prices...
Tags: financial crisis, oil
Cairo :: Egypt
| 2 days ago
Saudi Arabia's king says the price of oil should be $75 a barrel, much higher than it is now, but his oil minister indicated Saturday that no measures will likely be taken until OPEC meets again next month.
Saudi Oil Minister Ali Naimi said that the...
Tags: Saudi king, oil, $75 per barrel
Say'ūn :: Yemen
| 2 days ago
The government is keen to study means to ensure the development of non-oil exports and diversify sources of income. This is a national priority and economic necessity to reduce the national economy’s dependence on oil, said Sadiq Abu-Ras, Deputy Prime...
Tags: export, oil