Government slaps $579 million penalty on India's RelianceThe Indian government has announced a new penalty of $579 million on the country's largest private company, Reliance Industries, for failing to meet commitments to supply gas for the fourth year in a row.
16 July 2014
Kazakhstan to expand cooperation with OPECKazakhstan, a Central Asian oil producer, will expand its cooperation with the Organization of Petroleum Exporting Countries (OPEC).
Gold shines as investors seek shelter; oil drops againGold prices zoomed this week to a four-month peak as investors sought shelter from weak eurozone data and fears of contagion from a bank's problems in Portugal, dealers said.
12 July 2014
Iraq Kurds claim oilfields as bombings kill 28Iraq's Kurdish region claimed disputed northern oilfields on Friday in another blow to efforts to forge a united front against a jihadist-led onslaught, as twin bombings killed 28 people.
Oil extends losses on return of Libyan suppliesOil extended losses in Asia Thursday on prospects that Libya will begin exporting more crude into a global market flush with supplies, while easing concerns about the Iraqi crisis also weighed on prices.
US allows oil exports for 1st time since 1970s: WSJThe US will allow two companies to export unrefined oil for the first time in four decades, taking steps to break a ban on crude exports, The Wall Street Journal reported.
Shell reduces holding in WoodsideRoyal Dutch Shell on Tuesday announced it was reducing its stake in Australia's Woodside Petroleum, selling Aus$5.3 billion (US$5.0 billion) in shares as it focuses its Australian growth in directly-owned assets.
17 June 2014
Pentagon temporarily grounds F-35 fighter jetsThe US military temporarily grounded its entire F-35 Joint Strike Fighter jet fleet at the weekend after an apparent engine oil leak, the latest glitch for the much-vaunted program.
+7 (777) 001 44 99
Қазақша
Русский
English
587.93
