
July 7 (Bloomberg) — Crude oil prices fell from a one-month high after Saudi Oil Minister Ali al-Naimi said the kingdom is committed to boosting OPEC output quotas Aug. 1.

July 7 (Bloomberg) — Crude oil prices fell from a one-month high after Saudi Oil Minister Ali al-Naimi said the kingdom is committed to boosting OPEC output quotas Aug. 1.

July 7 (Bloomberg) — Crude oil prices fell from a one-month high after Saudi Oil Minister Ali al-Naimi said the kingdom is committed to boosting OPEC output quotas Aug. 1.
The End of Cheap Oil PART 1: Despite the rising prices at the gas pump, experts say we’re actually paying a lot less than what it truly costs to produce a gallon of oil. Some observers say we’re approaching a peak in the world’s oil production that will soon cut short our days of inexpensive […]
The End of Cheap Oil PART 1: Despite the rising prices at the gas pump, experts say we’re actually paying a lot less than what it truly costs to produce a gallon of oil. Some observers say we’re approaching a peak in the world’s oil production that will soon cut short our days of inexpensive […]
The End of Cheap Oil PART 1: Despite the rising prices at the gas pump, experts say we’re actually paying a lot less than what it truly costs to produce a gallon of oil. Some observers say we’re approaching a peak in the world’s oil production that will soon cut short our days of inexpensive […]
The End of Cheap Oil PART 1: Despite the rising prices at the gas pump, experts say we’re actually paying a lot less than what it truly costs to produce a gallon of oil. Some observers say we’re approaching a peak in the world’s oil production that will soon cut short our days of inexpensive […]
During World War One the modern armies first discovered their thirst for oil. The war machine had become mechanised. War ships now depended on oil, as did the tanks. Airplanes were just coming into use. Early cars and trucks were being used to move troops and supplies. Strategists recognised not just the military need for […]
During World War One the modern armies first discovered their thirst for oil. The war machine had become mechanised. War ships now depended on oil, as did the tanks. Airplanes were just coming into use. Early cars and trucks were being used to move troops and supplies. Strategists recognised not just the military need for […]
During World War One the modern armies first discovered their thirst for oil. The war machine had become mechanised. War ships now depended on oil, as did the tanks. Airplanes were just coming into use. Early cars and trucks were being used to move troops and supplies. Strategists recognised not just the military need for […]
Appearing before a committee of senior MPs, he disclosed that America was pressing Britain to look again at the nuclear option, including a new generation of stations that some claim will be safer and cheaper. Britain would have to take “some very difficult decisions”, the prime minister said.

World oil prices soared, taking New York’s main crude contract nearer to 40 dollars a barrel, as fears mounted for supply from Nigeria, Russia and Iraq.

World oil prices soared, taking New York’s main crude contract nearer to 40 dollars a barrel, as fears mounted for supply from Nigeria, Russia and Iraq.

World oil prices soared, taking New York’s main crude contract nearer to 40 dollars a barrel, as fears mounted for supply from Nigeria, Russia and Iraq.

World oil prices soared, taking New York’s main crude contract nearer to 40 dollars a barrel, as fears mounted for supply from Nigeria, Russia and Iraq.

Why should the regime now turn imploringly to the killers and offer a limited amnesty? The latter have keenly perceived the paralysis that wracks a divided royal family. Arabia’s Islamists believe they can hit the jackpot, and grab it all: power, money, oil fields, holy places and high-tech weaponry. They are tired of power flowing through the royals’ effete hands, and money through their deep pockets. Civil war is coming.

What do carpet, tires and paint have in common?
They are just a few of the household items getting more expensive due to the high cost of oil and natural gas, important raw materials for these products and the source of energy needed to manufacture and ship them.

What do carpet, tires and paint have in common?
They are just a few of the household items getting more expensive due to the high cost of oil and natural gas, important raw materials for these products and the source of energy needed to manufacture and ship them.

What do carpet, tires and paint have in common?
They are just a few of the household items getting more expensive due to the high cost of oil and natural gas, important raw materials for these products and the source of energy needed to manufacture and ship them.

July 4 (Bloomberg) — Iraqi oil exports through the Basra Oil Terminal, the country’s largest oil export facility, are down by 37 percent after saboteurs struck a pipeline in the south, disrupting supplies for the third time in less than two months.
More than six dozen state agencies, school districts and local communities are reworking already-frugal budgets and juggling priorities to cover an 89 percent jump in natural gas rates this fiscal year.
More than six dozen state agencies, school districts and local communities are reworking already-frugal budgets and juggling priorities to cover an 89 percent jump in natural gas rates this fiscal year.
More than six dozen state agencies, school districts and local communities are reworking already-frugal budgets and juggling priorities to cover an 89 percent jump in natural gas rates this fiscal year.
While the retail prices of numerous items – from food to fertilizer – are increasing due in part to higher energy costs, Stallman said farmers, who are largely unable to pass along higher production costs, are being hit hard.
While the retail prices of numerous items – from food to fertilizer – are increasing due in part to higher energy costs, Stallman said farmers, who are largely unable to pass along higher production costs, are being hit hard.
While the retail prices of numerous items – from food to fertilizer – are increasing due in part to higher energy costs, Stallman said farmers, who are largely unable to pass along higher production costs, are being hit hard.
The Organization of Petroleum Exporting Countries, supplier of more than a third of the world’s oil, may scrap an increase in oil-output quotas set for Aug. 1 because of falling prices, officials from the group said. Dallas NewsBloomberg News The Organization of Petroleum Exporting Countries, supplier of more than a third of the world’s oil, […]
“I believe the current prices are fair and there is no reason to take any measures either to decrease or increase the production,” he told reporters in Riyadh.
China is to process 270 million tons of crude oil and the overall oil consumption could hit 30.8 million tons, said Tian Chunrong, a senior engineer with the information department of China Petroleum and Chemical Corporation, China’s largest oil refiner.
China is to process 270 million tons of crude oil and the overall oil consumption could hit 30.8 million tons, said Tian Chunrong, a senior engineer with the information department of China Petroleum and Chemical Corporation, China’s largest oil refiner.
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