Russian companies paid Venezuela a $1 billion bonus for the right to work at the Junin 6 oil field, Oil Minister Rafael Ramirez said on Sunday, and similar payments will ...
NYMEX light oil prices were trading down at the close last Friday and at the open on Monday as oil traders banked profits from a four day rally spurred by ...
India has become UAE`s largest non oil trading partner in 2008 to 2009. It has surpassed US and China as trade volume between both countries reaches to USD 44 billion.This ...
Brent crude oil futures fell for a second day as higher US fuel stockpiles raised concern that gains in oil prices may have outpaced the recovery in the global economy. ...
Crude oil futures Monday fell as the US dollar strengthened a tad while worries over high oil product stocks and technical resistance weighed on the market. On NYMEX, light, sweet ...
A sharp decline in crude prices allied with massive output cuts to slash OPEC's oil export earnings by nearly $420 billion (Dh1.54 trillion) in the first eight months of 2009 ...
