WASHINGTON DC, USA: Oil prices rose on Tuesday, with Brent topping $70, as optimism grew over the fuel demand outlook during the summer driving season...
LONDON, UK: Ahmed Zaki Yamani – the longest-serving oil minister in Saudi Arabia who led the kingdom through the 1973 oil crisis and the nationalisation...
Iran has said on Wednesday that it will not freeze its oil input but will keep enhancing crude exports until reaches levels attained before international...
MOSCOW: Russian President Vladimir Putin called Monday on gas exporting countries to come up with a single pricing mechanism and resist EU competition rules as...
VIENNA: OPEC appears set to maintain its output ceiling after Venezuela suggested Thursday that there was agreement among member nations to keep the status quo,...
Riyadh: OPEC members could increase their production to meet 2011 demand which could rise by two percent, while oil prices are expected to maintain last...
Beijing: China has renewed its annual contract to purchase and import Iranian crude despite the US-engineered UN sanctions that block transactions with the Iranian banks....