While many impoverished American families are shivering in the winter cold for lack of money to pay the oil baron their exorbitant price for home heating oil, ex-oil man, George W. Bush sleeps in a warm White House and relishes...
Its finally happened. Oil broke through the $100 a barrel barrier in New York today as a plunging dollar, unrest in Nigeria (see below) and Algeria and a cold snap in North America pushed futures prices up by $4 a...
The New Year may be only days old, but Bloomberg reports that the “fastest-growing bet in the oil market these days is that the price of crude will double to $200 a barrel by the end of the year.” Options...
India is planning to attract investment commitments of $7-8 billion in the oil and gas sector in its seventh round of the New Exploration and Licensing Policy (Nelp) auctions. This time, the Ministry of Petroleum and Natural Gas is planning...
Just getting used to oil prices around $100 a barrel. Well Thailand's Energy Minister Piyasvasti Amranand has said that global oil prices could surge to US$200 per barrel if the United States goes to war with Iran. Speaking at a...
Nigeria is to invest $75 billion over the next five years in the oil and gas sector through joint venture partnership with oil companies and third party investment. Minister of State for Petroleum, Odein Ajumogobia made this known in Saudi...
If you sit down and enjoy a glass of wine tonight with your evening meal, you can be thankful that your car does not run on the stuff. Hugo Chavez, Venezuela’s president said yesterday that that record crude prices are...
Oh the cruel irony. As delegates in Bali are joined by low lying Pacific Islanders alarmed at the rate that homes are submerging under water, its business as usual for the oil industry. Their message to Bali is: two-fingers to...
The oil and gas industry will need as much as $21.4 trillion in capital expenditures between now and 2030 to meet sharply growing global demand for hydrocarbons forecast by experts, according to analysts. Larry G. Chorn, the chief economist for...
If relations between Russian President Vladimir Putin and George Bush were frosty then they are set to become a whole lot frostier, after he said the U.S invasion of Iraq was mainly aimed at controlling the Gulf state's oil reserves....
