BP says oil volatile as markets not well supplied

June 8, 2008 on 11:48 pm | In Business News | No Comments

KUALA LUMPUR (Reuters) - Oil prices are unstable because markets are not well supplied, and higher taxes in producing countries are …

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BP says oil volatile as markets not well supplied

G8 energy ministers look inward on oil and spare OPEC

June 8, 2008 on 9:24 pm | In Business News | No Comments

AOMORI, Japan (Reuters) - Group of Eight energy ministers looked inward for solutions to record oil prices on Sunday, touting the need for domestic efficiency rather than piling pressure on a resistant OPEC to pump more crude.

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G8 energy ministers look inward on oil and spare OPEC

Oil slips 0.5 pct after record $11 surge to new high

June 8, 2008 on 7:47 pm | In Business News | No Comments

SINGAPORE (Reuters) - Oil edged lower on Monday after its biggest surge ever, as OPEC’s resistance to pumping more crude kept prices near their record high from Friday, when the falling dollar and Middle East jitters fuelled an unprecedented $11 jump.

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Oil slips 0.5 pct after record $11 surge to new high

Lehman reported close to raising more than 2.5 bln pounds

June 8, 2008 on 7:44 pm | In Business News | No Comments

NEW YORK (Reuters) - Lehman Brothers Holdings Inc is close to raising more than $5 billion (2.54 billion pounds) and is set to report a loss of more than $2 billion in the second quarter, The Wall Street Journal reported on its Web site on Sunday.

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Lehman reported close to raising more than 2.5 bln pounds

U.S. gasoline rises above $4 a gallon for first time

June 8, 2008 on 2:30 pm | In Business News | No Comments

LOS ANGELES (Reuters) - The U.S. average price for a gallon of regular gasoline topped $4 for the first time, a survey issued on Sunday by the travel group AAA showed.

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U.S. gasoline rises above $4 a gallon for first time

OPEC sees no need to pump more after price surge

June 8, 2008 on 11:04 am | In Business News | No Comments

DUBAI (Reuters) - OPEC members saw no need on Sunday to pump more oil in response to last week’s double-digit surge in oil prices to over $139 a barrel that top exporter Saudi Arabia described as unjustified.

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OPEC sees no need to pump more after price surge

OPEC sees no need to pump more after price surge

June 8, 2008 on 11:04 am | In Business News | No Comments

DUBAI (Reuters) - OPEC members saw no need on Sunday to pump more oil in response to last week’s double-digit surge in oil prices to over $139 a barrel that top exporter Saudi Arabia described as unjustified.

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OPEC sees no need to pump more after price surge

OPEC sees no need to pump more after price surge

June 8, 2008 on 11:04 am | In Business News | No Comments

DUBAI (Reuters) - OPEC members saw no need on Sunday to pump more oil in response to last week’s double-digit surge in oil prices to over $139 a barrel that top exporter Saudi Arabia described as unjustified.

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OPEC sees no need to pump more after price surge

Gazprom “should not buy TNK-BP”

June 8, 2008 on 7:00 am | In Business News | No Comments

ST PETERSBURG, Russia (Reuters) - Gas giant Gazprom should not buy into BP’s Russian joint venture TNK-BP but the conflict between TNK-BP’s shareholders could be solved by one side selling out, a senior government source said Sunday.

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Gazprom “should not buy TNK-BP”

Swiss co makes offer for Silverjet

June 8, 2008 on 5:36 am | In Business News | No Comments

DUBAI (Reuters) - A Swiss investment company said on Sunday it had made an offer to buy and relaunch Britain’s business class-only airline Silverjet which collapsed last month.

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Swiss co makes offer for Silverjet

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