AP

The US president is welcoming Saudi Arabia’s Crown Prince Abdullah to his ranch in Texas on Monday. Bush says he’s looking for “a straight answer” to how close the Saudis are to reaching production capacity.

Venezuelan President Hugo Chavez on Monday accused the United States of planning to portray his country as a security threat in order to capture its vast oil reserves.

The Venezuelan president said OPEC could set prices between US$40 and US$50, while the US said its oil imports from the country were replaceable

American companies might join a long-delayed trans-Afghan natural gas pipeline project expected to be launched in 2006, the U.S. ambassador to Turkmenistan said Tuesday.

Hundreds of demonstrators stoned government vehicles, blocked traffic and battled riot police in the Nepalese capital Tuesday to protest the increase in fuel prices by the government.

Higher heating oil prices in the US are encouraging consumers to turn to back to firewood.