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.

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.

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

Hong Kong - The Hong Kong government said Tuesday it was considering cutting the duty on diesel, one week after lorry drivers staged a slowdown protest through the city centre.

Tokyo - Japan and China have agreed on a joint natural gas exploration project in the disputed East China Sea, Japanese media reported Tuesday.

Riyadh - Saudi Arabia is planning to invest 80 billion dollars to increase its oil output to 12.5 million barrels per day and boost its refining capacity by 43 per cent in the next few years, accor