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+Vote!

Dollar slips as oil rises on supply worries

The dollar retreated against a basket of currencies today as oil prices rose on worries about supply and some investors booked profits on the dollar's sharp rise this month.

+Vote!

Olympic Torch Out; PetroChina Left With Pools Of Oil

The end of the Olympics leaves China with a surplus of refined oil supplies. PetroChina looks to resume oil exports in September, a move that may help ease upward pressure on global oil prices.

+Vote!

Oil rises to $116 as hurricane strengthens

LONDON (Reuters) - Oil rose more than $1 to reach $116 a barrel on Tuesday, bouncing off lows as concerns arose about possible disruption to U.S. offshore oil and gas output from a strengthening Hurricane Gustav.

61Vote!

Oil rises to $116 as hurricane strengthens

LONDON (Reuters) - Oil rose more than $1 to reach $116 a barrel on Tuesday, bouncing off lows as concerns arose about possible disruption to U.S. offshore oil and gas output from a strengthening Hurricane Gustav.

+Vote!

Oil falls below $114 as dollar surges

LONDON - Oil fell by more than $1 a barrel to below $114 on Tuesday as the US dollar strengthened, countering concern that Hurricane Gustav could threaten oil installations in the Gulf of Mexico.

+Vote!

Oil falls below $114 as dollar surges

LONDON (Reuters) - Oil fell by more than $1 a barrel to below $114 on Tuesday as the U.S. dollar strengthened, countering concern that Hurricane Gustav could threaten oil installations in the Gulf of Mexico.

+Vote!

Govt expects P1.5 billion in revenues from oil imports

MANILA, Philippines – The Bureau of Customs (BOC) expect to collect P1.5 billion in revenues from the closer inspection of import declarations of oil shipments during the first half of the year. 4 Vote(s)

+Vote!

Oil prices fall below $118 on stronger dollar

Oil prices slipped back below $118 a barrel Friday, a day after a huge rally, as a stronger dollar outweighed worries of possible global supply cuts amid tensions with Russia.

11Vote!

Oil prices fall below $118 on stronger dollar

NEW YORK-- Oil prices slipped back below $118 a barrel today, a day after a huge rally, as a stronger dollar outweighed worries of possible global supply cuts amid tensions with Russia.

11Vote!

Oil slips on economic worries after week of gains

Share NEW YORK — Oil prices slipped back below $118 a barrel today, a day after a huge rally, as a stronger dollar outweighed worries of possible global supply cuts amid tensions with Russia.At the pump, a gallon of regular fell another penny overnight to a new national average of $3.692, according to auto club AAA, the Oil Price Information Service and Wright Express. Prices had peaked at $4.114 a...

+Vote!

U.S. Ships Bring Georgia Aid

... ships bringing in weapons as "ridiculous".Russia has said it will continue to patrol Poti, a small oil shipment and dry grain port, despite the town lying outside a "buffer zone" where Russia plans to post peacekeepers indefinitely.Russia rolled tanks and troops over its southern border this month to repel an assault by Georgian forces to retake South Ossetia from pro-Moscow separatists.Georgian...

+Vote!

US aid warship arrives at Georgian port

... South Ossetia region. The McFaul arrived in Batumi, 80 kilometers (55 miles) south of the small oil shipment port of Poti, where Russia says it will keep a troop presence having pushed into Georgia proper on the heels of retreating Georgian forces. Two other US ships are due to follow. The US has already delivered some aid by military cargo plane.

+Vote!

US warship docks in Black Sea port with Georgia aid

... South Ossetia region.The McFaul arrived in Batumi, 80 kilometres (55 miles) south of the small oil shipment port of Poti, where Russia says it will keep a troop presence having pushed into Georgia proper on the heels of retreating Georgian forces.Two other U.S. ships are due to follow. The U.S. has already delivered some aid by military cargo plane.(Reporting by Reuters Television; writing...

+Vote!

We ignore 'frozen conflicts' at our peril

... and strategic drivers for the entire region and are key to Russian and western considerations. Oil and gas produced in Russia, the Caspian Basin and the Middle East goes through the Black Sea states to Europe and the US. Approximately 80% of Russian gas supplied to Europe goes by pipeline across nearby Ukraine, and Moldova. The Baku-Tbilisi-Ceyhan pipeline carries around one million barrels per...

+Vote!

We ignore 'frozen conflicts' at our peril

... and strategic drivers for the entire region and are key to Russian and western considerations. Oil and gas produced in Russia, the Caspian Basin and the Middle East goes through the Black Sea states to Europe and the US. Approximately 80% of Russian gas supplied to Europe goes by pipeline across nearby Ukraine, and Moldova. The Baku-Tbilisi-Ceyhan pipeline carries around one million barrels per...