As oil creeps towards an unprecedented $150 a barrel the Indian Petroleum and Natural Gas Minister Murli Deora has denied that India and China were responsible for the recent oil rise. Deori said that the growth in consumption in India...
This fight is getting nasty, and when it is all over, the future of one of Britain’s biggest companies could have been decided. The dispute between BP and its Russian partners took a turn for the worse over the weekend...
We have said it before and we will say it again. Once an oilman always an oilman. You can’t get crude out from your veins. Yesterday, in a sop to his oil industry buddies, George W. Bush lifted an executive...
Four Democratic senators, including Senator Carl Levin have called on the State Department's inspector general to investigate whether the agency encouraged lucrative oil deals between Iraq and several Western companies. Any back-room meddling would violate US administration policy, which was...
Imperial Oil, Canada's largest oil company, has lost a legal bid to overturn a federal regulatory decision that could delay the planned C$8 billion oil-sands project in Alberta. The Federal Court ruled that the government acted properly to cancel a...
As the world rapidly runs out of oil, one place seems to be swimming in the stuff, and no prizes for guessing who that is … Iraq has dramatically increased the official size of its oil reserves after new data...
One of the world’s largest oil companies will admit in court today that Britain’s biggest peacetime explosion was the result of negligence, according to the Times newspaper. In a statement to the newspaper, Total UK confirmed that it had advised...
Air pollution regulators in the Bay area have voted overwhelmingly to approve new rules that impose fees on businesses for emitting greenhouse gasses. The Bay Area Air Quality Management District's board of directors voted 15-1 to charge companies 4.4 cents...
So are speculators pushing the oil price up, and if so by how much? A leading American senator yesterday pressed the top futures market regulator for more information about speculation by big investment funds in crude oil futures. Commodity Futures...
The Bolivian government has taken full control of a key gas pipeline company after talks with the foreign firm that held a controlling stake broke down. It is the latest move in the Bolivian president's recent effort to nationalise key...
