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Observers in China are suggesting the impending launch of crude oil futures next month in Shanghai should help give China more clout when it comes to the overall pricing of the commodity. The long-awaited crude oil futures contracts will begin tradin
By VOA News 06 March 2008 Crude oil prices continued their surge Thursday hitting a new record high of nearly $106 a barrel. Prices for crude for future delivery went as high as $105.97 before easing slightly. The latest record high for oil follows a
By Michael Bowman Washington 09 October 2006 Venezuelan president Hugo Chavez before the United Nations General Assembly, Wednesday Sept. 20, 2006 The war of words between Venezuela and the United States reached new heights last month, when Venezuel
NEW YORK, Sept. 29 (Xinhua) -- Crude prices jumped on Wednesday as U.S. crude inventories fell last week. Commercial crude(原油 ) inventories decreased by 500,000 barrels to 357.9 million barrels, according to the Energy Information Administrat
BEIJING, Aug. 20 (Xinhua) -- China's crude oil production increased only 0.6 percent year on year to 17.24 million metric tons in July as the current economic slowdown dampened fuel demand in the country, according to data released by the National De
TEHRAN, Feb. 26 (Xinhua) -- Iran has refused to deliver oil to Greece in Persian Gulf, the local Fars news agency reported on Sunday. The Islamic republic refused to deliver a shipment of 500,000 barrels of crude oil to one of the refineries in Greec