A government team will investigate possible illegal trade practices in the oil markets and its potential link to soaring oil prices
The market will benefit from a new Saudi commitment to produce higher crude volumes that would eventually temper crude oil prices, says a London source
According to the Center for Global Energy Studies (CGES), Saudi’s earlier statements on local oil production (in relation to demand) gave the market some...
Indian Oil Corp recently said that it needs to increase gasoline prices unless tax reductions or full compensations are given by the government for selling gas at prices that are lower than market rates.
Gasoline prices have not been officially controlled by the state since June of 2010. However,...
Oil prices in Asia grew with persistent worries about the growing tensions in the Middle East.
Crude oil takes a s tumble on the charts, as Greece continues pondering its bailout offer and China shows signs of falling demand.
Crude oil prices fell, along with global stock cues, reaching their lowest levels in more than two weeks, as Europe’s protracted bout with debt again came under scrutiny.
West Texas Intermediate crude oil futures for delivery in January fell $1.64 to $97.77 per barrel in electronic trading on the New York...
