Energy Security
Admin - Apr 24, 08
NEW YORK April 24, 2008 (Reuters) - Oil slumped on Thursday as gains in the U.S. dollar and rising fuel production from U.S. refineries spurred profit-taking that dragged crude further from its record peak near $120 a barrel.
Admin - Apr 23, 08
April 23, 2008 (Xinhua) - Egypt resumed supply of heavy fuel to the power plant in the blocked Palestinian territory of Gaza Strip, averting further deterioration of the humanitarian situation there, the Egyptian official MENA news agency reported Wednesday.
Admin - Apr 22, 08
GAZA April 22, 2008 (Xinhua) - The only power station in the Gaza Strip will stop functioning by Wednesday evening due to the lack of fuel, a Palestinian energy official said on Tuesday. "The stored industrial diesel will run out in the evening tomorrow and the station will stop," said Kan'an Obaid, deputy director of the Palestinian Energy Authority.
Admin - Apr 22, 08
TEHRAN April 22, 2008 (RIA Novosti) - Tehran expects to sign an oil and gas cooperation agreement with Russian energy giant Gazprom in the near future, the republic's oil minister, Gholam-Hossein Nozari, said on Tuesday.
Admin - Apr 21, 08
April 21, 2008 (AFP) - The price of New York crude oil shot to a record high 117.60 dollars on Monday as traders seized on unrest in key producer Nigeria, the weak US currency and OPEC's refusal to increase output.
Admin - Apr 07, 08
TEHRAN, Iran April 7, 2008 (AP) - Iranian President Mahmoud Ahmadinejad is urging OPEC members to form a joint bank and stop pricing oil trades in U.S. dollars.
Marsha Reid - Mar 24, 08
China is selling small arms to Sudan, which are used in the Darfur conflict to maim and kill civilians, in exchange for access to Sudanese oil. The violence in Darfur will continue as long as China continues its oil-for-weapons trade with Sudan.