News about Oil

Oil prices up on escalating South Sudan violence

Crude edged higher in Asian trade Thursday on supply concerns following escalating violence in oil-producer South Sudan, but gains were capped as dealers sat on the sidelines awaiting fresh leads after the festive season.
26 December 2013 12:41

Crude prices down in quiet Asian trade

Oil prices edged lower in quiet Christmas Eve trade in Asia Tuesday as dealers engaged in profit-taking, with a lack of leads to spur fresh market movement, analysts said.
25 December 2013 12:39

Putin pardons Khodorkovsky after 10 years in jail

President Vladimir Putin on Friday signed a decree granting a pardon to Russia's former richest man and bitter Kremlin critic Mikhail Khodorkovsky, allowing his release after more than a decade in prison.
20 December 2013 14:01

Mexico's Congress approves historic oil reform

Mexico's Congress approved historic energy reform Thursday aimed at luring foreign oil firms back into the country and ending the state's 75-year-old monopoly following a heated debate.
13 December 2013 12:01

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