Russia surprised the world yesterday, by announcing that it has territorial rights to a significant chunk of Arctic seabed, and is seeking UN approval
CNOOC, the Chinese state oil giant has been granted permission to explore for oil in part of Somalia, one of Africa’s most volatile regions.
Crude oil prices were lower Tuesday as Hurricane Ike weakened and shifted course, making it less likely that it will hit key Gulf of
Crude oil prices were up Tuesday as the US dollar weakened against the euro after gains early in the session, and on the possibility
After gains early in the session, crude oil prices ended lower Thursday after the International Energy Agency said it would dip into its emergency
Crude oil prices were slightly higher in New York Monday but fell in London as the dollar strengthened, as investors waited to see what
Crude oil prices fell significantly Friday as the US dollar gained strength and as investors worried about falling demand. The situation surrounding a pipeline
The UK Offshore Operators’ Association has released a report saying that oil and gas production from North Sea wells will be around 10 percent