Gaza City  - The Palestinian gas union on Saturday rejected a statement by an Israeli official blaming Palestinians, led by Hamas, for the fuel shortages in Gaza Strip.

Vienna  - Crude prices eased on Thursday after reaching a new all-time-high above 111 dollars, the Organiz

Manila  - The Asian Development Bank said Friday that it has approved a loan amounting to 450 million dollars to build a 4,000-megawatt, energy-efficient coal power plant in India.

Vienna  - The price for crude oil pro

Berlin  - Motor vehicle fuel prices hit a record high in Germany Thursday, oil industry spokesmen said Thursday.

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.