Vienna - The decline in prices of crude oil during the worldwide recession will have consequences for the medium- and long- term for the international oil industry, said the current President of the Organization of Petroleum Exporting Countries (OPEC) on Sunday.
Speaking at the start of the 152nd conference of OPEC oil ministers in Vienna, Jose Maria Botelho de Vasconcelos warned that the organization already had to to stop long-term investment due to low oil prices.
Botelho, who is Angola's oil minister, also spoke of job losses worldwide in the industry.
New Delhi, Mar 16: The Prime Minister''s Special Envoy on Climate Change, Shyam Saran, on Monday underlined the need to make the strategic shift from reliance on fossil fuels to renewable sources of energy.
Vienna - Half a week before the Orga
Maputo - Mozambique's government announced a string of measures to improve access to energy for millions of Mozambicans and to reduce the burden of the sector on state finances, local media reported Wednesday.
Washington - The United States will ask companies to report on their greenhouse-gas emissions that are blamed for global warming, setting the stage for government-imposed limits on climate pollution supported by President Barack Obama and long resisted by his predecessor.
Moscow - Russia and Hungary agreed to set up a joint venture to build the Hungarian stretch of the South Stream pipeline, Russian Premier Vladimir Putin said Tuesday after talks with his Hungarian counterpart Ferenc Gyurcsany in Moscow.
