China’s reliance on imported oil grows
China imported 76 million tons of crude oil in the first eight months of this year, making up 40 percent of the total domestic demand, a six percent rise over 2003.
Whole future of USA rests on if the US$ continues to be used to buy oil
In a move that would have massive repercussions in the global balance of power, last week Russian President Vladimir Putin said Russia could switch its trade in oil from US dollars to euros.
Speculators Bet on Kerry Win, Oil Falls
Oil prices fell sharply on Monday on speculation that a U.S. election win for Senator John Kerry could ease the geopolitical friction that has helped fuel this year’s record-breaking rally.
Nymex launches Dublin oil trading
US energy exchange Nymex has set up a new oil trading floor in Dublin, Ireland, in a move it hopes will lure disenchanted dealers from London.
Nigeria strike call targets Shell
Nigeria’s main trade union body is planning a second general strike over fuel price rises, and has warned it will target oil exports.
China set to overtake Japan as world’s No 3 trader
China is set to emerge as the third-largest trading economy in the world, with the total value of its exports and imports expected to grow 30% on the year to US$1.1 trillion in 2004.
Why Didn’t We Attack Sweden?
What do Osama bin-Laden and the owners and top editors of the gigantic corporate media outlet the Chicago Tribune have in common? They both want George W. Bush to return for a second term.
Scotland: Exposed: scandal of nuclear leaks at plant
A huge area of land has been contaminated from leaks at Hunterston nuclear power station in North Ayrshire . The contamination is much worse than previously suspected, and far more than has been admitted at other nuclear sites in Scotland.
No end in sight for the lag in Iraqi oil production
Defying optimistic Bush administration projections, Iraq’s hobbled oil industry might be unable to beat the production capacity of Saddam Hussein’s era until sometime next year — if then, according to industry analysts.
Oil-rich Nigerian delta demanding self-determination
To forestall “Operation Locust Feast,” as Alhaji Mujahid Asari Dokubo so ominously dubbed his campaign, he demanded that the country’s leaders agree to self-determination for the aggrieved people of the Niger Delta.
India: Power Ministry warns of massive 50 MT coal shortage in 2-3 yrs
The Indian Power Ministry has warned of a massive 50 million tonne coal shortage in the next two-three years that could trigger a major crisis in the crucial infrastructure sector.
Kuwait oil refineries halt production due to power cut
Kuwait ‘s three oil refineries, which have an output capacity of 920,000 barrels a day, halted production due to a total power outage that hit the emirate, a Kuwait National Petroleum Co. spokesman told AFP.
