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A 12 percent decline in the first three months of the year is at odds with Iran’s assessment that there has been no significant change in output over the past year.
Highway crashes are the largest cause of fatalities in the oil industry, partly because of safety exemptions that allow truckers to work longer hours than other drivers.
Former Libyan oil minister Shukri Ghanem (pictured), whose body was found in the Danube river on Sunday morning, died from drowning, an autopsy revealed Monday. Ghanem defected from Muammar Gaddafi's regime in June last year.
The body of former Libyan oil minister Shukri Ghanem (pictured), who defected from Muammar Gaddafi's regime in June last year, was discovered in the Danube river near Vienna on Sunday.
MOSCOW (Reuters) - Russia pressed its case against new sanctions over Iran's nuclear program on Friday, saying an European Union ban on purchasing Iranian oil would end up hurting the bloc's member countries. "The European Union is rejecting purchases of Iranian oil, even though very many EU countries depend on this oil," Foreign Minister Sergei Lavrov said in an interview on state-run Rossiya 24
A commission of energy specialists formed by Mexico’s Congress has begun to question where and how the company drills for oil.
(Reuters) - Does fairness matter? As France prepares to elect a president this spring and the United States gets ready to elect a president in the autumn, that old philosopher's chestnut is gaining...
Here are some new photos of Halle Berry at the Jenesse Silver Rose gala last night in Beverly Hills. Halle has been a long-time supporter of the Jenesse Center, which provides support, housing, employment and medical care to victims of domestic violence. Halle began working with the center more than a decade ago, as part [...]
The fate of YPF was thrown into doubt as reports that President Cristina Fernández de Kirchner was preparing to nationalize the company drew a warning from Spain.
SINGAPORE (Reuters) - Iran is offering Asian oil buyers, including India, easier credit terms to lure more business and counteract tough Western sanctions aimed at restricting the OPEC member's principal export, the Financial Times reported on Thursday. Tehran has been offering a handful of potential customers in Asia 180 days of free credit, the newspaper said quoting unnamed industry officials.
President Mahmoud Ahmadinejad of Iran proclaimed defiantly on Tuesday that the country had such plentiful reserves of money that it could survive for years without exporting any oil.
BURLINGTON, Vt./WASHINGTON (Reuters) - President Barack Obama vowed on Friday to forge ahead with tough sanctions on Iran, saying there was enough oil in the world market - including emergency stockpiles - to allow countries to cut Iranian imports. In his decision, required by a sanctions law he signed in December, Obama said increased production by some countries as well as "the existence of str
The French prime minister said there were “good prospects” that developed nations would soon reach an agreement on tapping strategic oil reserves in a bid to lower gasoline prices.
PARIS/NEW YORK (Reuters)- Saudi Arabian Oil Minister Ali al-Naimi mounted his most direct rhetorical attack against high oil prices on Wednesday, but showed no sign of moving to increase supplies even as France joined the United States and Britain in talks for a release of strategic reserves.
RIO DE JANEIRO/NEW YORK (Reuters) - A Brazilian federal prosecutor filed criminal charges on Wednesday against Chevron and drill-rig operator Transocean for a November oil spill, raising the stakes in a legal saga that has added to Chevron's woes in Latin America and could slow Brazil's offshore oil boom.
BUENOS AIRES (Reuters) - Argentina will take legal action against any companies involved in oil exploration off the disputed Falkland Islands as part of a drive to pressure Britain into sovereignty talks, the foreign minister said on Thursday. Three decades after it repelled an Argentine invasion of the Falklands, Britain has vowed to defend the archipelago, saying it will negotiate sovereignty o
AMMAN (Reuters) - Syrian Deputy Oil Minister Abdo Hussameldin has announced his defection on YouTube, becoming the first high-ranking civilian official to abandon President Bashar al-Assad since the uprising against his rule erupted a year ago. "I Abdo Hussameldin, deputy oil and mineral wealth minister in Syria, announce my defection from the regime, resignation from my position and withdrawal f
Deputy oil minister announces resignation, saying he is joining the anti-government revolt against President Bashar Assad.

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