oil markets

New Iran sanctions not to disrupt oil markets: US


February 3rd, 2012 - 3:16 pm ICT by IANS
Washington, Feb 3 (IANS/RIA Novosti) The Obama administration will take steps to ensure that new US sanctions expected to be imposed on Iran in the near future do not hurt ... Read more...

Posted in Business |

Oil slips after choppy trade on bin Laden’s death


May 3rd, 2011 - 3:29 am ICT by IANS
New York, May 3 (IANS) Crude oil prices Monday edged down after choppy trade triggered by the news that terror mastermind Osama bin Laden was killed by US forces, ... Read more...

Posted in Business |

Middle East events may push oil prices, inflation: Mukherjee (Lead)


March 22nd, 2011 - 5:17 pm ICT by IANS
New Delhi, March 22 (IANS) Finance Minister Pranab Mukherjee Tuesday warned of a spike in global fuel prices and domestic inflation as a result of the political uncertainties in ... Read more...

Posted in Business |

Obama cites India, China growth for reforms in Middle East


March 12th, 2011 - 11:59 am ICT by IANS
Washington, March 12 (IANS) Citing the fast growth of India and China, US President Barack Obama has called for reforms in the Middle East so that people there too ... Read more...

Posted in Business |

Canadian dollar at three-year high


February 26th, 2011 - 12:26 pm ICT by IANS
By Gurmukh Singh Toronto, Feb 26 (IANS) The Canadian dollar Friday rose to its highest level against the US greenback in three years as the Toronto Stock Exchange surged with investors returning after ... Read more...

Posted in Business |

Gaddafi ’shot by soldier’ rumour sweeps oil markets


February 25th, 2011 - 12:15 pm ICT by ANI
London, Feb 25(ANI): Oil prices dropped below 100 dollars on rumors that Muammar al-Gaddafi, who is desperately clinging to his role as leader of Libya, was shot by a soldier in Tripoli.According ... Read more...

Posted in World |

Oil hits $100 mark


February 24th, 2011 - 6:22 am ICT by IANS
New York, Feb 24 (IANS) US crude oil price crossed $100 a barrel Wednesday, hitting the triple digits for the first time since October 2008, as violence in Libya caused anxiety in ... Read more...

Posted in Business |

Govt ad justifies fuel price hike


June 27th, 2010 - 5:44 pm ICT by IANS
New Delhi, June 27 (IANS) The government Sunday released a large advertisement titled, "A small price to pay today... For a better tomorrow", justifying the recent increase in fuel prices. The hike ... Read more...

Posted in Politics |

Age of oil and gas is not dead yet, says UAE minister


June 2nd, 2010 - 2:25 pm ICT by IANS
Dubai, June 2 (IANS/WAM) "The age of oil and gas is not dead", says an United Arab Emirates (UAE) cabinet minister, citing the Oil and Petroleum Exporting Countries (OPEC) prediction for growing ... Read more...

Posted in Business |

OPEC oil price inches down to $70.85


December 14th, 2009 - 7:46 pm ICT by IANS
Vienna, Dec 14 (DPA) The oil price of the Organization of Petroleum Exporting Countries (OPEC) slid to $70.85 at the end of last week, the group reported Monday. The average price for OPEC-produced ... Read more...

Posted in Business |

Platts gets oil price assessments


August 26th, 2009 - 8:21 pm ICT by IBNS
Kolkata, Aug 26 (IBNS) Platts, a leading global energy and metals information provider and a division of The McGraw-Hill Companies, has introduced a series of new oil price benchmarks for the Indian ... Read more...

Posted in Business |

Volatile oil prices remain threat to world economy: Brown


December 20th, 2008 - 7:30 pm ICT by IANS
London, Dec 20 (IANS) Britain's Prime Minister Gordon Brown has said that volatile oil prices remain a threat to the global economy."It is clear that our most pressing challenge is price volatility. ... Read more...

Posted in Uncategorized |

Britain calls for greater transparency in oil market


December 19th, 2008 - 5:53 pm ICT by IANS
London, Dec 19 (DPA) A British minister Friday called for further action to safeguard the stability of oil prices despite the current decline of the price for crude oil in the face ... Read more...

Posted in Business |

Kuwait says OPEC should cut oil production by two million barrels


December 13th, 2008 - 11:12 am ICT by ANI
Nicosia, Dec.13 (ANI): Moussa Maarafi, a member of the Kuwaiti Supreme Petroleum Council, has said that the Organisation of Petroleum Exporting Countries (OPEC) at its meeting in Algeria next week should ... Read more...

Posted in Business |

OPEC crude price rises


October 30th, 2008 - 7:04 pm ICT by IANS
Vienna, Oct 30 (DPA) The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose by $2.23 Wednesday, as the weaker dollar buoyed oil markets, according ... Read more...

Posted in Business |

USs energy problem stretched thin by demands from India, China


July 26th, 2008 - 8:56 pm ICT by ANI
ZCZC ANI 0 (Business) USs energy problem stretched thin by demands from India and China: Washington, July 26 (ANI): A University of Illinois economist has said that Americas energy shortage problems have been stretched ... Read more...

Posted in Entertainment |

G8 leaders discuss the economy, climate change


July 8th, 2008 - 11:22 am ICT by IANS
DPA Toyako (Japan), July 8 (DPA) Group of Eight (G8) leaders turned to the environment and surging oil and food prices Tuesday amid concerns that high commodity prices may further slowdown the global ... Read more...

Posted in Business |

India asks oil-producing countries to increase supply


June 22nd, 2008 - 4:35 pm ICT by ANI
Jeddah (Saudi Arabia), June 22 (ANI): India has asked the oil producing countries here today to increase their oil supply and sighted the global inflation as a repercussion of the rising ... Read more...

Posted in National |

Saudis promise to raise output welcomed by some OPEK members


June 18th, 2008 - 9:49 am ICT by ANI
Nicosia, June 18 (ANI): The news that Saudi Arabia has told the UN Secretary General Ban Ki-moon that it will increase its crude output to 9.7 million barrels a day (b/d) ... Read more...

Posted in National |

World economy threatened by oil, food prices


June 14th, 2008 - 1:31 pm ICT by IANS
DPA Osaka (Japan), June 14 (DPA) Rising oil and commodity prices are posing a threat to the global economy, the finance ministers of the Group of Eight (G8) said Saturday. "Elevated commodity prices, ... Read more...

Posted in World |

US treasury secretary defends dollar as world’s reserve currency


June 3rd, 2008 - 11:20 am ICT by IANS
Abu Dhabi, June 3 (IANS) US Treasury Secretary Henry Paulson has defended the dollar's status as the world's reserve currency and said that despite challenges at home and internationally, the US currency ... Read more...

Posted in Uncategorized |

India blames developed nations’ consumption for food crisis


May 22nd, 2008 - 3:40 pm ICT by admin
New York, May 22 (IANS) Denying that increasing consumption by the middle class in developing countries has led to the current food crisis, India has blamed it on the developed countries' excessive ... Read more...

Posted in World |

US vice president in Saudi Arabia to talk Iraq, Iran


March 21st, 2008 - 8:33 pm ICT by admin
DPA Riyadh, March 21 (DPA) US Vice President Dick Cheney arrived Friday in Saudi Arabia where he was expected to urge its leaders to activate their ties with Iraq, according to media reports. ... Read more...

Posted in World |

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