News about Oil

Shortages of food, fuel, power as Syria battered by war

"Yesterday I did not make anything to eat as there was no electricity for the entire day," says Umm Fadi, a resident of Artuz district near Damascus that has been caught up in the fighting between rebels and regime forces.
11 March 2013 14:57

Chinese oil giant CNOOC buys Canada's Nexen

The Chinese oil giant CNOOC completed its $15.1 billion purchase of Canada's Nexen energy group on Monday, in what analysts have said is China's largest foreign investment.
26 February 2013 14:01

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