Top oil exporter Saudi Arabia sought to soothe fears about high oil prices, saying on Tuesday that world supplies were well in excess of demand and that crude at $125 a barrel was not justified given the anaemic state of the world economy.
March 21, 2012 1:51
China's record crude imports in February are most likely as high as they will go, at least for the coming months, as rising prices, refinery maintenance and slower economic growth curb demand.
March 12, 2012 4:23
Fallout from BP’s oil disaster will put region in the driving seat.
July 5, 2010 9:32
Price of the metal continues to soar as stocks take a battering.
June 9, 2010 3:23