A privately-owned Gulf energy group, Dana Gas PJSC on Sunday announced that it has entered into an agreement with the Canadian oil and gas exploration company, Centurion Energy International Inc. to a
World oil prices on Friday fell below $60 a barrel after recent strong gains, as the International Energy Agency (IEA) trimmed its 2006 global demand forecast and reported a sharp rise in energy stock
The International Energy Agency has warned the world governments Tuesday about the disastrous future they probably would face due to the growing energy demands.
Georgian Prime Minister Zurab Nogaideli said on Friday that they will not only negotiate gas prices with Russian supplier Gazprom, who have nearly doubled the prices, but will also seek to branch out
Worldwide crude prices firmed overnight after Western naval forces said on Friday that they feared possible attacks on oil facilities in the Gulf. Saudi Arabia, the world's biggest oil producer said t
A major fire which broke out early Wednesday at Reliance Industries Ltd.'s Jamnagar refinery and was soon brought under control, will have no impact on the output from the facility, company officials
Soaring exports of U.S. jetliners and total U.S exports hitting an all-time high were not good enough to keep the U.S. trade deficit from rising to a historic high in August. The reason can be attribu
The organization we all love to hate is back in the news. It’s the much talked about OPEC or the Organization of Petroleum Exporting Countries, which has now announced an emergency meeting on the 19th October to finally give shape to the one million barrel per day cut in production of crude oil.
