The U.S. spends $1 trillion per year on oil. That's 15% of take-home pay for everyone who pays taxes.

Central banks across much of Asia, Latin America, and Eastern Europe will soon have to jam on the breaks or risk a serious crisis as inflation spirals into the danger zone. As the stark reality becomes ever clearer, this year`s

The world's seven leading industrialised nations plus Russia, China, India and South Korea have called on oil producing countries to boost production. Ministers attending a G8 energy summit in the Japanese city of Aomori, expressed serious concern after oil prices

A press report claims Iranian assets have been withdrawn from Europe ahead of new sanctions.