1.
Teen solves centuries-old math problem
MOSCOW, Oct. 22 (UPI) -- Russian oil company TNK-BP became the third such firm in the country to transfer the decline in world energy prices onto its consumers Wednesday.
Russian President Dmitry Medvedev this week lent his voice to a growing chorus of officials, including Prime Minister Vladimir Putin, who raised concerns over soaring fuel prices amid the declining price of oil on the world market.
Crude was trading below $68 per barrel in morning trading on the New York Mercantile Exchange.
LUKoil, the largest oil company in the country, said Tuesday it would lower its prices by around 9 percent, following trends set by majors Gazprom Neft and Alliance.
TNK-BP said Wednesday it plans to lower the price of petrol at its fueling stations by about 11 cents per gallon, Russian daily Kommersant reported. The price translates to roughly a 4 percent reduction.
The decline in fuel prices follows warnings from the Russian Federal Anti-monopoly Service regarding fuel prices, prompting First Deputy Premier Igor Shuvalov to call for a new price formula.
Gazprom and LUKoil were slapped with more than $730,000 in fines in September for market manipulation.
|
|
|
|
|
|
| Additional Energy Resources Stories | |
WASHINGTON, May 25 (UPI) --
A natural gas pipeline from Iran could be considered if Tehran meets the expectations of the international community, a U.S. official suggested.
|
MCLEAN, Va., May 25 (UPI) --
Linguistic, operational, translation and management services in support of the U.S. National Media Exploitation Center are to be provided by SAIC.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
The photos are familiar, but the captions are not, as economic tension skips across the continent of Europe.
|
| Stories | Photos | People | Comments |
View Caption
