Energy Sector

Student protests against increased transport fares turn violent

Kathmandu  - Students protesting a government decision to increase fares on public transport turned violent Friday with students clashing with police and attacking vehicles.

China announces large rises in fuel prices

Beijing  - China on Friday announced rises in petrol and diesel prices of 16 per cent and 18 per cent, respectively.

OPEC crude price falls by half a dollar

Organization of the Petroleum Exporting CountriesVienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) fell by 0.53 dollars, according to data released by OPEC on Thursday.

One barrel (159 litres) of OPEC-produced crude stood at 128.45 dollars a barrel on Wednesday, down 0.53 dollars from 128.98 dollars on the previous day.

An increase in oil output by OPEC members was not needed as the current supply level exceeds demand and spiralling prices are mainly caused by speculators, OPEC officials said Wednesday.

OPEC crude price continues slight downward movement

Vienna - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) moved below 129 dollars on Tuesday, according to data released by OPEC on Wednesday.

Diesel duty may be axed in Hong Kong after lorry driver protests

Hong Kong  - Diesel duty may be axed altogether by the Hong Kong government after protests by lorry drivers hit by soaring fuel prices, legislators said Wednesday.

Saudis promise to raise output welcomed by some OPEC members

Nicosia, June 18: The news that Saudi Arabia has told the UN Secretary General Ban Ki-moon that it will increase its crude output to 9.7 million barrels a day (b/d) in an effort to bring down price

Pages