Romania, Kazakh oil firm settle debt dispute Romania and the Kazakh oil company KazMunayGaz have settled their dispute over a 500-million-euro ($658-million) debt and pledged to invest together in energy projects.
Oil takes breather in Asia after strong rally Oil prices took a breather in Asian trade Friday as investors locked in profits after a strong rally following the European Central Bank's decision to cut interest rates.
No 3rd stage at Karachaganak giant oil and gas fieldThe measure enables to extract another 100 million tons of crude for the whole period of the project (…) it is quite a sizeable figure: KazMunaiGas National Oil Company’s Chairman of the Board Lyazzat Kiinov.
Venezuela threatens oil, trade measures in vote row with US Venezuela stepped up attacks on the United States Monday, threatening retaliatory measures affecting trade and energy if Washington resorts to sanctions in a row over the country's disputed presidential election.
EU gives oil boost to Syria rebels Syrian rebels fighting President President Bashar al-Assad's troops won a fresh boost Monday when the European Union eased its oil embargo to let them exploit the resources they control.
EU set to help Syria's rebels by easing oil embargoThe European Union is set Monday to ease its oil embargo against Syria in favour of rebels fighting President Bashar al-Assad's regime in its latest signal of support to the opposition.
Oil tumbles for second day on slower Chinese growth Oil prices tumbled further in Asia on Tuesday, dragged by prospects of weaker crude demand from China after data showed the world's second largest economy was not growing as fast as expected.
Deadly attack a fresh sign of trouble in Nigerian oil regionA group of men with AK-47s lay in wait for an ex-kingpin in the Nigerian swamps before instead opening fire on police -- the latest sign of trouble in a vitally important oil region.