Energy Sector

OPEC crude price moves back up above 130 dollars

Vienna  - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) rose above the 130 dollar mark again on Thursday, an OPEC statement said Friday.

Australia again rejects nuclear power

Sydney  - Australian Prime Minister Kevin Rudd has reiterated his opposition to nuclear power after luminaries from within his own Labor Party described it as an essential bridge to a non-carbon fu

New Zealand economy contracts 0.3 per cent in first quarter

Wellington  - New Zealand's economy shrank by 0.3 per cent in the first quarter, according to official figures released Friday, confirming analysts' fears that the country is heading into recession

Record pump prices put brakes on Singapore's budget car sales

Singapore  - Record petrol prices have hit budget car sales the hardest, with monthly pump prices beginning to match loan instalment payments for some models, published trade figures said Friday.

General strike shuts down Nepalese capital

Kathmandu - A day-long general strike called by four fringe parties Thursday crippled normal life in the Nepalese capital Kathmandu.

India to sign gas pipeline deal with Iran

New Delhi  - India is all set to sign an agreement on a 7.5-billion-dollar gas pipeline with Iran and Pakistan in the coming weeks, even as there are no signs of progress on its nuclear deal with U

Pages