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  • Saudi oil minister: oil prices 'perfect' 6 Dec 2009 01:21 GMT
    ... An Egyptian bodyguard secures Saudi Oil Minister Ali Al Naimi as he is ... Ministerial Conference of the Organisation of Arab Petroleum Exporting Countries (OAPEC), in Cairo, Egypt, Saturday, ... supplies roughly 35 percent of the world's crude, has held its quotas unchanged since last ...

  • BNK Petroleum Inc. continues European shale gas concession acquisition 6 Dec 2009 01:35 GMT
    ... THE UNITED STATES/ CALGARY (CNW) - BNK Petroleum Inc. ("BNK" or the "Company") (TSX: BKX) ... that it has been awarded two additional oil and gas concessions, which total approximately 500,000 acres in ...

  • BNK Petroleum Inc. continues European shale gas concession acquisition (CNW) 6 Dec 2009 01:31 GMT
    ... In accordance with the granting of these latest concessions, ... to continue the acquisition of prospective shale gas acreage in Europe based on the work ... limited to: the risks associated with the oil and gas industry and BNK's ability to identify ...

  • 1 dead, 2 injured in refinery accident 6 Dec 2009 00:12 GMT
    ... 1 dead, 2 injured in refinery accident TEXAS CITY, Texas (AP) - One ... when a boiler failed at the Valero petroleum refinery in Texas City. The incident occurred ...

  • Fatally Injured Refinery Worker Identified 6 Dec 2009 00:30 GMT
    ... was killed and two others were injured when a boiler failed at the Valero petroleum refinery in Texas City, according to a company spokesman. The incident occurred about 9 p.m. ...

  • Ecuador President Rafael Correa presses for greater investments from oil companies 6 Dec 2009 00:55 GMT
    ... rules of the game" between Ecuador and oil companies if new contracts fail to include ... administrations allowed inadequate investment plans from state petroleum company Petroecuador. Private firms from other countries ...

  • Work on JEC projects gathers steam 6 Dec 2009 00:33 GMT
    ... JEDDAH: Jazan Economic City (JEC), one of the lynchpins ... with plans in hand for a privately-owned oil refinery, a steel cluster, an iron ore ... requirements of Jazan refinery project’s imports of crude oil, he added. Zaidan said the JEC ...

  • Weekend markets: Dow index climbs as US jobless rate falls 6 Dec 2009 01:25 GMT
    ... Weekend markets: Dow index climbs as US jobless rate ... it a 3.4% jump for the week. Crude oil for January delivery fell 1.3% to $US75.47 ...

  • Kingdom's GDP set to rise by 3% in 2010 6 Dec 2009 00:33 GMT
    ... JEDDAH: Saudi Arabia’s real GDP (gross domestic product) growth ... well as indirect fiscal stimulus to the non-oil sector. In a special report assessing implications ... as regional and international news, especially regarding crude oil prices, all have important effects on ...

  • OSHA looking into explosion at Valero's Texas City plant 6 Dec 2009 01:40 GMT
    ... workers. San Antonio-based Valero, the nation's largest oil refiner, has struggled in recent months amid a ... in demand for gasoline, diesel and other petroleum-based fuels. Other major refiners have also felt the ...

  • OPEC should stay cautious, nurture economy 6 Dec 2009 01:36 GMT
    ... it meets this month to decide its oil output policy as it needs to balance ... said on Thursday. The Organization of the Petroleum Exporting Countries, which pumps more than a ... and there were 165 million barrels of crude and products floating at sea -- equal ...

  • High crimes on the high seas 6 Dec 2009 00:16 GMT
    ... AFTER pirates attacked a Spanish fishing boat in the ... within hours. was transporting 275,000 tonnes of crude valued at US$20mil (RM67.6mil) from Saudi Arabia ... the third tanker and the second carrying oil to be taken by pirates in what ...

  • Mexico City subway, struggling to make ends meet, may raise fares 6 Dec 2009 01:30 GMT
    ... Washington Post Foreign Service Sunday, December 6, 2009 ... a corner by the brutal drop in oil prices and failing crude production. Revenue from the state-owned Pemex oil ...

  • Hard times take a toll on Mexico City's subway 6 Dec 2009 01:33 GMT
    ... Washington Post Foreign Service Sunday, December 6, 2009 ... a corner by the brutal drop in oil prices and failing crude production. Revenue from the state-owned Pemex oil ...

  • In Mexico, hard times take toll 6 Dec 2009 01:51 GMT
    ... Washington Post Foreign Service Sunday, December 6, 2009 ... a corner by the brutal drop in oil prices and failing crude production. Revenue from the state-owned Pemex oil ...


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