Kuwait City - Kuwait is drawing up a contingency plan to maintain the flow of oil exports in case Iran closes the Strait of Hormuz, a vital oil route in the Gulf, a Kuwait official was quoted as sa
Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) continued to climb to a new record level above 136 dollars, figures released by OPEC on Tu
Oil Drilling And Exploration major, Aban Offshore has made announcement that the company has dismissed USD 10.53 mn (Rs 4,417 crore) contract with Husky Oil China due to unforeseen circumstances no
Amsterdam - Taxes on diesel and petrol went up on Tuesday in the Netherlands despite months of protest by the Dutch umbrella organization for bus and truck drivers, BOVAG.
Tokyo - Group of Eight leaders were expected to agree to expand the use of civil nuclear power to fight climate change at the upcoming Toyako summit July 7-9, according to Japanese media Monday.
The i
