Energy Sector

Is it a crisis or disaster in the making?

London, June 17 : In an earlier article on the oil crisis I had written that the oil crisis was heading for a far more serious crisis ---- economic of course.

New Zealand to phase out standard light bulbs

Wellington - New Zealand will phase out traditional incandescent light bulbs next year as part of an energy-efficient lighting strategy that will save nearly 500 million New Zealand dollars (about

OPEC crude price near record level

Vienna -Organization of the Petroleum Exporting Countries The price for cru

Australia to attend OPEC meeting

Sydney  - Australia to attend OPEC meetingPrime Minister Kevin Rudd announced Mond

New York Times: Saudi Arabia to increase oil production

New York  - Saudi Arabia is planning to make a five per cent increase in crude oil production next month, according to a report by the New York Times Saturday.

OPEC crude price hovers at high level

Vienna - OPECThe price for crude oil produced by the Organization of the

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