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Paying the piper

THE combustibility of natural gas makes it a potent weapon. When Gazprom, a giant gas company controlled by the Russian state, cut off supplies to …

Gazprom

European carbon prices to double by end of 2015 following back-loading implementation

<i>London: Today’s positive vote in the Climate Change Committee (CCC) on the EU Commission´s proposal to change the Auction Regulation constitutes the</i> …

Nokia Lumia "Black": App Folder

With Nokia pushing its Lumia "Black" software update to all Windows Phone 8-based Lumia handset, it's time to start looking at some of the unique new …

Windows Phone

The World's Largest Vessel Enters The Water In South Korea

Shell has just floated the hull of the world's largest vessel out of its dry dock in South Korea. It's so massive that if you stood it up, it would be 1,601 feet tall, reaching higher into the sky than the Empire State Building.<p>The vessel, called the Prelude, will actually be used more as a …

Why oil prices plunged today and could keep falling

Oil prices plummeted today after reports of a two-week halt to protests that have blocked Libyan crude exports, and an economic slowdown in China. The plunge reflects the primary role of local politics and economics—in China, Libya, Nigeria, Iran and elsewhere beyond—in determining oil prices. It …

Syria's Assad 'has secret Iraq oil lifeline'

Illegal oil imports from Iraq have helped Damascus government keep country running, Reuters news agency reports.<p>The Syrian government of President Bashar al-Assad has received substantial imports of Iraqi crude oil from an Egyptian port in the last nine months, shipping and payments documents show, …

Oil Prices Are Tumbling

Oil prices are way down today.<p>Brent prices were off -1.9% to $100.27, while West Texas Intermediate declined -2.0% to $93.27.<p>Citi's Timothy Evans notes the US dollar index is 0.5% higher today, which has sparked more risk-off trade flows many commodity markets including oil.<p>"The price weakness in …

BP and Shell 'rigged Brent oil price for a decade', traders claim

Oil giants BP and Royal Dutch Shell are accused by traders of manipulating the Brent crude oil price for more than a decade.<p>BP and Royal Dutch Shell have been accused of manipulating the Brent crude oil price for more than a decade, in allegations filed in a lawsuit in New York.<p>The North Sea oil …