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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 Barry Wood Washington 06 June 2008 Friday was a very volatile day in financial markets as the oil price rebounded to gain over ten dollars a barrel while US stock prices plummeted following the report of a sharp rise in unemployment. VOA's Barry
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
Saudi Arabia is signaling that it is going to boost its supply of oil on its own after failing to convince other oil producers to jointly agree to more production. Several news agencies reported Saturday that the Saudis could increase their oil produ
NEW YORK, July 13 (Xinhua) -- Crude prices rose on Friday as supplies tended to be tight on new Iran sanctions and production problems in North Sea. There was news on Thursday saying that the Obama administration expanded sanctions on Iran, in an eff