Indian Prime Minister Manmohan Singh has asked for Saudi Arabia’s help in ensuring that global production and pricing of crude oil remain stale, in order for third world economies not to be adversel
An independent panel set up to look into an explosion at the BP’s Texas City refinery in March 2005 is expected to criticize the company for “systemic failures” in its safety practices.
Panic stroke as fire grappled one of the California's largest oil refinery during early hours on Monday. Sending flames as high as 100 feet into the air, fire at Chevron Richmond refinery ablazed at 5:15 a.m.
Amid speculation that the Organization of Petroleum Exporting Countries (OPEC) might hold an emergency session to figure out a way to undo the 13 percent drop in oil prices this year, oil prices cross
The EU has resolved to slash greenhouse gas emissions and force proper energy market competition. The EU announced that it would cut the emissions of greenhouse gas by at least 20 percent from 1990 le
Hugo Chavez, President of Venezuela, ahead of being sworn in for a third term in office that would run till 2013, has taken a bold step to transform the country to a socialist nation, by declaring his intention to nationalize electrical and telecommunication companies.
In what can be described as a change of heart, Moscow has stopped supplying cheap energy to Belarus. The move comes after the former realized that its munificence was being abused by the latter. Mosco
Another round of uncertainty shrouds the proposed merger of Suez, the French utility, with the state-controlled outfit Gaz de France. This time round, it is the rumor of a bid by Francois Pinault, the billionaire from France, to take over Suez.
