Fears the global economy will get worse dropped oil prices to levels not seen in 4.5 years. Investors shrugged off Wednesday’s record production cut by OPEC, the...

Oil prices have dipped below $106 as traders predicted that rising US unemployment would lead to consumers cutting back on petrol use.

Crude oil fell in New York as forecasters said a storm in the Gulf of Mexico will probably miss the main U.S. production areas, easing concern that supplies will be...

I used to be an energy correspondent of a newspaper in Nigeria’s business capital, Lagos. In that role, I covered the oil industry in Nigeria. As the country with the...

I am amazed, at times stunned, seeing people run after the mutual fund NFO’s (New Fund Offer). As it is, the financial market is extremely volatile, thanks to the...

Inflationary pressures, coming at a time when there are palpable signs of economic slowdown has been spooking the Governments, policymakers and financial authrities...

Widespread fuel shortages have triggered a new war. Fuel price protests have disrupted all economies alike. The average price of regular gas crept up to $4 a gallon and...

Energy ministers are meeting in Japan a day after a record one-day jump in the crude oil price, to $139 a barrel.

Crude oil rose to a record above $135 a barrel in New York after U.S. stockpiles unexpectedly dropped and traders closed losing trades on bets that prices would...

US President George W. Bush pressed Saudi Arabia to raise oil output on Friday, but the world’s biggest crude exporter said global supply is balanced with...

I am making a big assumption here – that President George Bush is capable of feeling any sense of embarrassment. For the second time in five months, the Saudis have...

The Jatropha plant is one of the most environment friendly sources of bio fuel The X-Prize foundation is mostly known for its often eye catching and headline grabbing...

US Crude for November delivery settled at $83.69 a barrel on the New York Mercantile Exchange. The New York Mercantile Exchange (NYMEX) is the world’s largest...