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Oil Prices Fall on Low Demand
There are concerns, that the weak economy is making oil prices fall. The prices on other petroleum related products are also coming down. The Ifo index of business confidence in Germany has fallen for...
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Iraq Oil Exports See a Three Decade Rise
Al Basrah Oil Terminal Iraq oil exports rose to the highest level in more than three decades, Oil Ministry spokesman Asim Jihad confirmed on Monday. In September 2012, Iraq exports exceeded 2.6 million...
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Saudi Arabia Confident Of Meeting Oil Demand
Saudi Arabia is taking pride in keeping oil prices stabilized for global economic growth despite a halving of Iranian exports because of oil embargo. It is also confident that the kingdom will meet...
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European Union Sanctions Pull Strings for Iran Oil, Gas, Tanker Companies
European Union governments’ imposed sanctions target NIOC subsidiaries, National Iranian Gas Company, National Iranian Oil Refining and Distribution, and several Iranian banks. Apart from National...
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Oil Pipelines Proposed to Deliver Colorado Crude to Texas
WN Photo A proposal for construction of two pipelines in Colorado has been put forth by Nustar Energy. The pipeline will commence from the Niobrara Shale Formation, near Watkins and Platville and...
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Oil Prices Fall as Hurricane Sandy Bears Down on US East Coast
Oil prices fell to a three month low in New York as Hurricane Sandy forced refineries on the US East Coast to shut down operations. Oil futures declined 0.5 percent after retreating 0.9 percent...
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Oil Falls Prior to the US Election
Ahead of the US presidential election, the prices on oil drops a little bit low as investors looked forward to watch the final result. At midnight Bangkok time, Benchmark oil expected to deliver in...
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Scientists Discover Effective Way to Absorb Oil Spills
Even after two years of the Deepwater Horizon oil platform explored in the Gulf of Mexico, plenty of restoration efforts are going on. Subsequent to such a massive accident, scientists were concern...
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India Announces Stake in ConocoPhillips Kashagan Project
ConocoPhillips (COP) who was looking to sell its 8.4% interest in the troubled Kashagan oil field in Kazakhstan has finally found an Indian buyer. Oil & Natural Gas Corp. (ONGC), the Indian oil...
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Top 5 Oil-Producing States of America
In less than two decades, the United States will turn out to be a net exporter of oil in the world. By 2025, North America will become an oil exporter as well because of increasing production and...
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