Energy Sector

Leading oil giants see profits rise on back of oil price

London - Shell and BPRising oil prices have boosted the profits of Britain's two leading oil gian

OPEC crude price weaker, but remains above 110 dollars

OPECVienna  - The price for crudes produced by the Organization of the Petroleum Exporting Countries (OPEC) w

Extra supplies come in as strike at Scottish refinery continues

FuelLondon - Extra fuel supplies continued to be shipped to Britain Monday to prepare for possible shortages

Palestinians reject Israeli official's comments on fuel crisis

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.

OPEC crude price down from all-time highe

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

Asian Development Bank lends 450 million dollars for India power

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.

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