BP deal with Reliance is another Bric in the wall for oil firm - That's now a Bric full-house for BP – India was the only remaining gap in the oil group's portfolio of assets in major developing economies. The $7.2bn deal with Reliance Industries, rising to a possible $20bn when success payments...
Oil shock fears as Libya erupts - The spectre of full civil war in oil-rich Libya and reports of the creation of an Islamic emirate in country's "Barqa" region has moved the Mid-East crisis into a more dangerous phase, setting off an explosive rise in US crude prices. "This is potentially worse for...
Oil price hits two-year high as Libya unrest stokes supply fears - European stock markets fell on Monday as events in Libya pushed up oil prices and added to jitters about the stability of crude supplies from Middle Eastern markets. The FTSE 100 index of leading shares fell by 68 points to 6014 and...
Joint Chiefs' Michael Mullen in Middle East as U.S. concern grows - Reporting from Washington — In a sign of the growing U.S. concern about the Middle East, Adm. Michael G. Mullen, chairman of the Joint Chiefs of Staff, began a weeklong trip to the region Sunday for talks with U.S. allies,...