PetroCaribe members receive 59 million barrels of oil since 2005

Monday, July 14th, 2008

The member states of PetroCaribe have received 59 million barrels of oil and a fund of 921 million U.S. dollars since it was created in 2005, Venezuelan authorities said Sunday. The construction of eight companies worth 552 million ...

Mexican oil exports reach new record price

Saturday, July 12th, 2008

Mexico's exports of crude oil Friday reached a new record price of 131.45 U.S. dollars per barrel, three dollars more than the previous day, the state oil company Pemex said. The rise in prices of Mexican oil exports occurred in the ...

Oil prices settle above $145 after hitting new high

Saturday, July 12th, 2008

Crude futures closed above 145 U.S. dollars a barrel after surpassing the 147 dollars level for the first time Friday on supply concerns in Iran, Nigeria and Brazil. Light, sweet crude for August delivery rose 3.43 dollars to settle ...

Matthew McConaughey’s baby fortune

Saturday, July 12th, 2008

Matthew McConaughey has reportedly sold photos of his new son for 3 million U.S. dollars. The "Fool's Gold" actor and model girlfriend Camila Alves - who welcomed Levi, their first child together, earlier this week - are said to have signed ...

War epic "Red Cliff" declares opening victory in Asian market

Saturday, July 12th, 2008

"Red Cliff", reportedly Asia's most expensive ever film, gained 27 million yuan (3.91 million U.S. dollars) of box office on its first-day release, setting the highest record among homemade movies. The first of this two-part epic mo ...

S Korean spending on energy imports peaks in the first half

Friday, July 11th, 2008

South Korea's spending on import of oil, coal, natural gas and other energy products in the first half of this year reach 70.2 billion U.S. dollars in the first half as international crude prices surge, the South Korea Customs Service said ...

News Analysis: Who pushes oil prices higher?

Friday, July 11th, 2008

Since last July, the average oil prices of the Organization of Petroleum Exporting Countries (OPEC)have almost doubled, rising from less than 70 U.S. dollars per barrel (dpb) to over 140 dpb. Facing the skyrocketing prices, different people ...

Crude prices soar on tensions in Middle East

Friday, July 11th, 2008

Crude prices rebounded sharply Thursday on tensions in the Middle East that stirred by Iran's missile testing. Oil futures soared more than 5 U.S. dollars a barrel on the New York Mercantile Exchange. Iran announced that it has succ ...