Oil

Latest news on oil

Oil prices decline still further

Oil prices continue recent falls, dragged down by the expectation turmoil in the financial sector will lead to a wider economic slump.

UK talks discuss Iraq oil deals

Iraq's oil minister, Hussein al-Shahristani, flies to London to negotiate future contracts with international companies aimed at boosting the country's oil output.

Oil row brings down Peru cabinet

Peru's President Alan Garcia accepts the government's resignation over alleged bribes for oil contracts.

Libya blocks Swiss oil deliveries

Libya halts oil shipments to Switzerland months after the brief arrest of Muammar Gaddafi's youngest son for assault.

Oil tycoon 'to support projects'

One of Scotland's richest men may step in to help charities hit by council cutbacks in Aberdeen, the BBC learns.

Oil price dips below $90 a barrel

Oil prices fall to an eight-month low of less than US $90 a barrel and shares on Gulf stock markets fall sharply.

Pentagon Hands Iraq Oil Deal to Shell

The U.S. government secretly facilitated dealings between Shell and the Iraqi Oil Ministry for no-bid contracts.

Oil's Green Costs Set to Rise as Canada Vote Nears

CALGARY, Alberta - Already struggling with the soaring costs of developing the Alberta oil sands, Canada's energy industry now also faces the prospect of tighter environmental controls regardless of which party wins the country's upcoming general election.

U.S.: Great Place for the Oil Business

UXBRIDGE, Canada, Sep 30 (IPS) - Why do U.S. oil companies -- some of the most profitable corporations on the planet -- receive 20 to 40 billion dollars a year in subsidies from the U.S. government?

High stakes in Canada's vast oil-sands fields

Trillions of dollars' worth of oil are present, but the environmental costs are high, too ? and growing.