My eyes have been on crude, and I'm genuinely confounded on where it goes. I've been burned too many times trying to short crude lately, thinking for a while that this was a speculation driven ascent - but the last

DUBAI (Reuters) - An al Qaeda-linked group claimed responsibility on Saturday for a mortar attack on a refinery in Yemen, which officials said did not cause any damage, according to an Internet statement. Three blasts were heard on Friday at

In theory, it would be all too easy for the Chancellor to postpone the 2p increase in fuel duty. This year, the Institute for Fiscal Studies revealed, the Treasury will receive a windfall of about £1bn from the increase in

PARIS (Reuters) - Russia, the world's second-largest oil exporter, will raise its oil output in the next few years as new tax cuts will allow oil firms to invest more in exploration and production, Prime Minister Vladimir Putin said. Russia

Readers of this space know that one of the preferred sectors is the railroad sector. The once near-rust-belt level sector has experienced a revival at the start of the globalization age, and compelling economic trends document the commerce-based underpinnings of

London - Trucks blocking a main London highway, fishermen blockading French ports, Dutch drivers petitioning parliament, Spanish and Italian fishermen voting to strike Europeans are becoming restless at relentlessly high energy costs. But what can governments do about oil prices

Exxon Mobil's CEO says his energy company's "corporate social responsibility" is to produce more energy. While Congress wants to tax oil profits, he wants to spend them to find more oil. What a concept. While some companies like British Petroleum

PEAK-HOUR traffic was faced with the looming reality of "peak oil" this morning. About 15 concerned demonstrators marched at the intersection of King William St and North Tce between 8am and 9am to raise awareness that petrol will eventually run

Respected urban planner Tim Moerman says the debate over peak oil is done and now it's time to confront the challenge it presents to the future. The theory that world oil production would one day reach a peak and start

Oil prices could hit $200 a barrel in the next few months. How the spike changes everything. This spring, America hit a historic point. With average gas prices per gallon edging toward $4, America's notoriously profligate ways started to change

Oil prices and overall price inflation will remain elevated for the foreseeable future, former U.S. Federal Reserve chairman Alan Greenspan predicted Friday. "As far as I can tell it's a long-term uptrend," the former central banker told 1,900 people who

TEHRAN (AFP) - Iran said on Saturday it has resumed supplying natural gas to Turkey five days after an explosion damaged a pipeline between the two countries, state media reported. "After Turkey announced it has finished repairing the pipeline, the

Gordon Brown this week described the present economic crisis as the third great "oil shock" of recent decades. In fact, there are important differences between the present situation and the energy shocks of the 1970s. The cause of the high

EVERY day, at a rate of 160,000 litres a second, crude oil gushes from the Good Earth. That's 13 billion litres every 24 hours, worth about $US11.3 billion ($A11.8 billion) at today's record prices. By any measure, the global oil

MOSCOW: BP, the huge British oil company, rejected demands from a group of Russian billionaires to fire the head of their lucrative TNK-BP natural gas joint venture in Russia, it said Friday, deepening a confrontation between shareholders as Russia's biggest

WASHINGTON — For years, scientists have had a straightforward idea for taming global warming. They want to take the carbon dioxide that spews from coal-burning power plants and pump it back into the ground. President Bush is for it, and

SOUTH Tyneside's major oil refinery could be hit after delivery drivers voted to take strike action. Drivers contracted to oil firm Shell have voted by an overwhelming majority to take strike action in a dispute over pay....

PARIS - Americans are shell-shocked at $4-a-gallon gas. But consider France, where a gallon of petrol runs nearly $10. Or Turkey, where it's more than $11. Drivers around the world are being pummeled by the effects of record gas prices.

Look closely at the signs at the pump. You may be getting only a half-gallon of fuel. That's because some older gas pumps across the country were built at a time when few people imagined $4-a-gallon gas. Those pumps can

Can Big Government really solve the energy crisis? It would be nice to believe that. While America has a much-deserved reputation as the land of free-market-loving entrepreneurs, that doesn't mean Uncle Sam can't occasionally take the lead and achieve some