ORENBURG, Russia, Sept. 27 (UPI) -- Russia and Venezuela say they intend to set up an oil and gas consortium between Gazprom and Petroleos de Venezuela.
Airline industry blames crude spike on speculation; CAPP chief pushes new industry image; Gazprom, Venezuela sign gas deal; new fields bode well for New Zealand economy; Pickens blows into presidential race; Colorado considers wildlife regulations on oil sector.
TEHRAN, Sept. 19 (UPI) -- Iran's chief oil minister Mohammad Ali Khatibi said OPEC members would keep oil production level until the organization meets on Dec. 17.
NEW YORK, Sept. 10 (UPI) -- Oil prices fell Wednesday on the New York Mercantile Exchange despite OPEC's mandate to cut production by 520,000 barrels a day.
OPEC still insists its supply is not the cause of record oil prices; Ever-increasing profits from rising oil prices could help reopen oil fields in Canada; Azerbaijan and Turkmenistan have agreed to energy cooperation
MIAMI, April 30 (UPI) -- India's Reliance India Ltd. is reportedly preparing to buy a stake in a major Peruvian oil block, marking yet another foray into developing markets in Latin America for the Indian energy giant.
MIAMI, April 23 (UPI) -- Energy officials from Iran said they were ready to make good on promises to bolster energy ties with Venezuela by establishing a joint Tehran-Caracas oil company, a concept considered far-fetched by some considering the rash of projects proposed by the two nations that have yet to come to fruition.