Gulf of Mexico oil rig spill serious, leaking 42,000 gallons daily

The disaster on the Deepwater Horizon oil rig, which sank last week in the Gulf of Mexico shows no sign of going away as 42,000 gallons of oil (1,000 barrels) ...

Oil prices start the week trading higher on US data

Oil prices are trading slightly higher on Monday in Asia, with Brent crude oil futures taking a lead to a fresh eighteen month high, as manufacturing and home sales data ...

More OPEC oil output needed if prices hit $100 plus

OPEC member countries would need to pump more oil to prevent a rally in oil prices above $100 from hurting the global economic recovery, said Kuwait's oil minister on Sunday.Oil ...