Vienna - The price for crudes produced by the Organization of the Petroleum Exporting Countries (OPEC) continued its climb and was hovering just below the 110-dollar mark, OPEC said on Wednesday.

One barrel of crude oil from OPEC's reference basket stood at yet another record high of 109.92 dollars on Tuesday, up 99 cents from the previous day.

Hopes for OPEC to increase production in the near future were dashed as OPEC Secretary General Abdalla Salem el-Badri ruled out an extraordinary meeting until the next regular meeting, scheduled for September.

Oil prices climbed up to 119.37 per barrel on Tuesday (April 22) as the

Brussels  -  European Union states should improve their strategic oil reserves policy amid concerns over soaring energy prices, the European Commission said Tuesday.

Vienna  - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC)

New Delhi  - India's oil minister Murli Deora was due to hold talks in Pakistan on a 7-billion-dollar Iran-Pakistan-India (IPI) gas pipeline, officials said Tuesday.

Teheran - Deputy