Oil and Natural gas sale garners high demand
India has received bids for at least $35.2 billion of stock in Oil & Natural Gas and five other companies, 11 times the amount sold, signaling that investors may buy shares in planned stock
India has received bids for at least $35.2 billion of stock in Oil & Natural Gas and five other companies, 11 times the amount sold, signaling that investors may buy shares in planned stock
China's galloping economic growth will be dogged by widespread electricity shortages this year, a Chineseenergy official has said. The deputy chairman of the State Electricity Regulatory Commission,
Royal Dutch/Shell Group's oil production in Oman has been declining for years, belying the company's optimistic reports and raising doubts about a vital question in the Middle East: whether new
World oil consumption will rise faster than expected this because of the surging Chinese economy, the International Energy Agency said. "The driving force is the expanding economy,' said Klaus
Moving to shift the burden of taxes toward big business, the Russian government has approved a tax overhaul package that would raise tax rates on the oil sector while lowering payroll taxes. Russia's
The president of China National Petroleum, the nation's largest oil producer, has stepped down to take responsibility for a gas-field blast in December that killed 243 people and poisoned more than
So what's the reason for the spectacular rise in crude oil prices to more than $40 a barrel? While there is plenty of blame to go around, responsibility rests largely on the defective
The arrival of $2 a gallon gasoline has rattled many Americans, reviving memories of the oil shocks of the 1970s, Europeans have reacted with relative equanimity. Gasoline is so heavily taxed in
Australia will spend 2.2 billion Australian dollars, or $1.5 billion, on fuel-tax cuts for farmers and miners and promoting renewable power as part of a national energy plan, the government said.
As the United States grapples with the specter of a shortfall in its natural gas supply, U.S. officials are pursuing long-term agreements with Russia that would bolster its exports to America.