December 2009 Archive

Oil prices trading steady as Iran/Iraq tension eases

Oil prices are trading steady in Asia on Monday as tensions between the two oil giants, Iran and Iraq, relieved after the former withdrew from an oil well in East ...

Arab states to keep spending in 2010 as oil prices up

Gulf Arab states are likely to keep their large spending packages in place for 2010, even as major economies withdraw stimulus, as higher oil prices give the world's top oil ...

Oil company Shell plans to sell Nigerian oil fields

Royal Dutch Shell has put Nigerian oil fields worth $5bn up for sale as it seeks to reduce its reliance on the African country, where the government is making it ...

OPEC crude oil output unchanged for December

OPEC will maintain its current crude oil output level when its meets in Angola on Tuesday, according to the Chakib Khalil, the Algerian Energy Minister.“There will be no change in ...

Oil Prices