Luring millions of tourists a year with its crystal-clear waters, warm winters and precious wildlife, Spain's Canary Islands may hold another treasure -- oil -- that is attracting a less welcome visitor.
OPEC is set to stick to its oil output limit at a meeting here on Wednesday, even as Iraq and Iran eye higher crude exports amid slashed Libyan production.
Chevron claimed Tuesday that corrupt Ecuadoran plaintiffs mounted an elaborate fraud to win a multi-billion-dollar case against it for polluting the Amazonian rainforest, in arguments before a US court.
Kazakhstan Agency for Regulation of Natural Monopolies (Anti-Monopoly Agency) has approved new tariffs on oil pumping through the KazTransOil pipeline.
The Scottish government on Tuesday unveils its legal argument for independence from the United Kingdom, but nationalist leaders face an uphill battle in convincing voters to end the 300-year union.
Argentina, Spain and Mexico have agreed to negotiate a deal on Buenos Aires' 2012 nationalization of Repsol's stake in YPF, the Economy Ministry said Monday.
China, the world's largest energy consumer, on Friday took a step towards launching a market of its own for crude oil futures -- which foreign investors may be allowed to trade.
Akim (Governor) of Mangystau Oblast Alik Aidarbayev visited the train driver who was injured when the petroleum train flared at the Mangystau Oblast Hospital.
The MAN oil tank truck driver told his story of the accident of the oil tank truck and the petroleum tank train near Aktau that caused an explosion, fire and human victims.
The fire started as a result of the train's collision with a MAN oil tank truck that belongs to Emiroil company; one man dead, one injured, one missing.
Oil tanks are on fire near Aktau city in western Kazakhstan. Both locomotive drivers were killed by the fire, truck driver is missing, reportedly on the run.
