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The operating to salvage Rena oil ship has been halted as Maritime New Zealand (MNZ) workers are repeatedly hit with problems resulting from bad weather. Stranded dangerously on the Astrolabe Reef, Rena continues to discharge more oil into the sea … Continue reading
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Ukrainian Prime Minister Mykola Azarov has said Russia and Kazakhstan have agreed to cancel oil export duties for participants in a free trade zone being created within the Commonwealth of Independent...
 
Oil prices hovered above US$86 a barrel yesterday in Asia ahead of a summit this weekend where European leaders will try to agree on a plan to contain their region's debt crisis. Benchmark crude...
 
  By JONATHAN FAHEY and CHRIS KAHN Oklahoman    Leave a comment...
 
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Two gasoline pump containing ron95 and ron97 is been seen in Pandan Jaya, Kuala Lumpur, Malaysia.
SINGAPOREOil prices rose slightly toward $87 a barrel Friday in Asia ahead of a summit this weekend where European leaders will try to agree on a plan to contain their region's debt crisis....
 
Motorcyclists were seen pumping fuel at a petrol station in Kuala Lumpur, Malaysia.
Oil prices rose slightly toward $87 a barrel Friday in Asia ahead of a summit this weekend where European leaders will try to agree on a plan to contain their region's debt crisis. Benchmark crude for...
 
The Troll A, gas platform run by the Norwegian oil  giant Statoil company, stands above the North Sea, about 70 kilometers (40 miles) off the coast of Norway, in this file photo dated June 8 2006.
"Platform for sale in good condition: 20 rooms, panoramic sea view, plenty of space for a helicopter": the oil platform Huldra in the North Sea is up for grabs. Norwegian oil company Statoil plans to...
 
A motorist was seen refilling fuel into his car at petrol station in Kuala Lumpur, Malaysia.
NEW YORK (AP) — Oil prices tumbled more than 2 percent Wednesday, following a broad sell-off on Wall Street. Benchmark crude fell $2.24, or 2.5 percent, to end the day at $86.29 per barrel in New...
 
The Liberian-flagged container ship Rena is seen stuck aground on a reef off the coast of Tauranga, New Zealand, Thursday, Oct. 13, 2011.
Fresh oil leaked from a container ship stuck on a New Zealand reef Tuesday, as bad weather halted both salvage work on the vessel and a massive pollution clean up on the coast. Maritime New Zealand...
 
Crude Oil Prices
KUALA LUMPUR, Oct 18 (Reuters) - U.S. crude was steady above $86 per barrel on Tuesday, after declining in the previous session, but German comments cautioning against hopes for a quick resolution to...
 
Palestinian man walks past in a petrol station in Rafah, southern Gaza Strip on February, 06, 2011. Fuel stations in the Gaza Strip free of fuel, due to suspension of the fuel line through border tunnels between Egypt and Gaza because of the hot events in Cairo. (Photo by Ahmed Deeb/wn)
NEW YORK (AP) — Oil prices fell Monday as Europe's ongoing debt crisis fueled concerns about future energy demand. Benchmark crude finished down 42 cents at $86.38 per barrel in New York, while Brent...
 

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