(OIL WELL NO. 1, Nigeria)Three decades after pumping its last drop, the first oil well in Nigeria is marked by a decrepit signboard bearing what would seem an uncontroversial statement:READ MORE
(MADRID, Spain)Oil supplies will remain tight despite record prices that have reduced demand, according to the International Energy Agency, and its executive director said Tuesday that the world ...READ MORE
(BAGHDAD)The Iraqi government opened six oil fields to international bidding Monday as the nation attempts to boost daily production by 60 percent. The potential participation of big Wester...READ MORE
(NEW YORK)The price of crude oil hit yet another record on the last day of a tumultuous first half, spurting past $143 a barrel before ending lower on demand fears and a resilient dollar. Cr...READ MORE