Though dollar has weakened but the same has been seen on improved prospects for a bailout for heavily indebted Greece and thus no major affect has been seen on the oil rates, which remained on track i

The Director of public and government relations at AAA Mid-Atlantic, Lon Anderson, who is engaged with AAA since 17-years said that in all years with the AAA, this is for the first time that the organ

The oil prices were hit again on Wednesday as the market has normal trading activities.

In an unprecedented move, a commendable approval from the Department of Energy (DOE) to the Houston-based Cheniere Energy for export of liquefied natural gas from its Sabine Pass LNG terminal on the L

Market reports have suggested that BP has reached a settlement of having a $1 billion deal with Japan’s Mitsui.

Owing to an increase in the dollar rate, the price of oil per barrel as increased above $100, though the tendency of the global economy being affected restricted benefits.

Reports suggested that Rosneft has opened fresh discussions and negotiations regarding finding oil in the Arctic area and it commented that the negotiations are on and there has been a deadline for re

The price of crude oil has continued its downward trend this week as oil prices fell to $96.87 a barrel late in the afternoon (Singapore time) in electronic trading on the New York Mercantile Exchange