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OPEC indicates for huge Decline in Oil Prices in comming weeks, because of continue recession in the world & as huge reserves of oil-based fuels continue to pile up and the space to store them runs out.
EDT while London Brent eased 34 cents to $62.75 a barrel ahead of the August contract's expiry later on Thursday. The gains, which added to Wednesday's rally of more than $2 triggered by a U.S. report showing sliding domestic crude inventories, coincided...
Tags: oil, oil price, U.S, New York Mercantile Exchange, China, foreign demand, natural gas, strong economic, wall street, assets plummeted
Share your stories with the Telegraph Herald as Dubuque celebrates the centennial of its storied beauty on the bluffs. E-mail information to mkittle@wcinet.com or apiper@wcinet.com. Read our special feature on Eagle Point, including a look at the park's...
Tags: oil
QNA WASHINGTON: The Middle East region will grow 2.5 percent this year, less than half the six percent seen in 2008, the International Monetary Fund (IMF) has said, blaming a sharp fall in oil prices. Among oil producing countries, the sharpest slowdown...
The Chinese government has approved China National Petroleum Corp to buy 49 percent shares in the refinery plant of its Japanese counterpart - Nippon Oil Corp to set up a joint venture in Japan. The JV will refine the crude oil supplied by...
Tags: China, CNPC, oil, refine, Japan, Osaka, expansion, overseas
On Tuesday, the joint venture of British energy giant BP PLC and its Chinese counterpart China National Petroleum Corp (CNPC). won the deal to develop Iraq's biggest oil filed -- Rumaila. The auction, held by the Iraqi government on the deadline...
As gas prices at the pump near $3 dollars a gallon, the oil companies would like you to believe that more people are buying gas driving prices higher, that couldn’t be further from the truth! The fact is, someone is artificially manipulating the...
Tags: oil, companies, crude, tankers, insurance, dock, price gouging, president, congress
Making a change to alternative or advanced fuel vehicles is something that must happen our dependence on foreign oil is absurd and unnecessary. There have been many theory’s and proven possibilities to alternative fuel vehicles some of the problems...
Tags: alternative fuel, oil, gas, cars, energy, green, emissions, carbon footprint, allnews
Ghanaians have been told that oil will start flowing in the fourth quarter of 2010. This announcement was made by Minister of Energy,Dr. Oteng Agyei during a question and answer session at Parliament House in Accra yesterday. Dr. Agyei assured Parliamentarians...
Tags: Oil, Flow, 2010, Ghana, Ghanaians, Oteng Agyei, Accra, Parliament House
While the last several decades of oil extraction in Nigeria have been an unmitigated disaster from every angle, some good news has finally emerged. Royal Dutch Shell recently agreed to pay a settlement of $15 million to the Ogoni tribe for damages...
Tags: colonialism, africa, politics, environmental, pollution, environment, law, legal, shell, nigeria, human rights, capitalism, corporations, oil