Syndicate content
oil
DIPLOMACY
Putin says compromise gas deal reached with Ukraine
Speaking after talks with his Ukrainian counterpart Yulia Tymoshenko late Thursday, Russian Prime Minister Vladimir Putin said the two countries had reached a compromise deal on the thorny issue of gas supply.
IRAQ
President in favour of France's Total working in its oilfields
Iraqi President Jalal Talabani told business leaders in Paris Wednesday that he wanted to see the French energy giant Total working in his country's oil fields. A senior Total executive confirmed that the company is preparing bids.
OIL
Energy report indicates buoyant oil demand, threat of price hike
The International Energy Agency says global oil demand is set to grow faster than expected but could yet be hit by rising prices. The Paris-based body came under fire this week amid claims it had deliberately underplayed a looming shortage of oil.
OIL
OPEC demand forecasts hold steady, prices remain under $80
The Organisation of Petroleum Exporting Countries said Wednesday that its demand forecasts through 2010 remain mostly unchanged but warned of risks if economic recovery remains sluggish. Crude prices rose slightly but remained under $80 a barrel.
COMMENTARY
Analysts warn of soaring fuel costs, but who calls the shots?
The International Energy Agency thinks fuel prices will rocket unless the world gets serious about climate change. But the fluctuations of the last 12 months might suggest otherwise.
FRANCE
Prosecutors seek maximum fine for Total in 1999 'Erika' oil spill
Prosecutors on Tuesday repeated a request that Total be ordered to pay the maximum fine for polluting as the oil giant appeals a January 2007 decision for a massive fuel spill along the coast of Brittany in 1999.
ENERGY
Global oil reserves overestimated, media report says
A senior official at the International Energy Agency says the Paris-based watchdog, which is due to release its latest World Energy Outlook this week, has been deliberately underplaying a looming shortage of oil, UK daily the Guardian reports.
(1) comment
OIL
Cuba and Russia sign first post-Soviet oil deal
Cuba and Russia have signed an agreement to allow Russian state oil company Zarubezhneft to explore for and produce oil in Cuba in their first post-Soviet oil pact. Both countries have made a push to revive ties in recent months.
MARKETS
Oil hits 12-month high of $79 a barrel
The price of oil has briefly hit 79 dollars a barrel, the highest it has reached in the last 12 months.
NIGERIA
Rebel group warns of renewed attacks in 'oil war'
Rebels of The Movement for the Emancipation of the Niger Delta (MEND) say they have ended a 90-day ceasefire and warn oil firms and the military of renewed attacks.
Close