Oil rebels hold the world to ransom
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OIL prices surged past $50 a barrel yesterday, driven to the historic high by the threat of an armed uprising in Nigeria against the government and multinationals.
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By Andrew MItchell LONDON  - Oil prices raced to new record highs above $50 on Tuesday as rebel threats against Nigerian oil facilities threatened to inflict further strain on global supplies.
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The Organization of Petroleum Exporting Countries (OPEC) says it is doing everything it can to stabilize oil prices. The reality, however, is that
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WORLD oil prices smashed to record highs today as concerns over hot global demand swamped news of a peace deal in Iraq with Muslim Shiite militia leader Moqtada Sadr.
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Tearaway world oil prices, toppling records and straining wallets, present a new economic menace barely three months before the US presidential elections.
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LONDON, United Kingdom -- Red-hot world oil prices simmered just above 50 dollars on Wednesday after a pledge by Saudi Arabia to lift output brought only fleeting respite to a market gripped by supply fears, analysts said.
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Oil traders say that Shi'ite militias are taking vast amounts each month to arm and feed the rank and file
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Heavyily armed rebels seized a Briton, a Croat, a Russian and four Nigerians from an oil rig run after a three-hour gunbattle Sunday off southern Nigeria, industry and security sources said.
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People of Venezuela fight to keep cheap petrol as government remains wedded to subsidy
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Twenty-four Filipino hostages shuddered as dozens of armed Nigerian militants danced around them. The hostages are being held as part of a wider rebel campaign over Nigeria's distribution of oil wealth. In an exclusive report, the hostages tell CNN's Jeff Koinange they are OK. The rebel leader says this is just the beginning of their battle.
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Oil prices have been at record highs this year, with money gushing into the coffers of oil producers thanks to the world&#39;s growing thirst for oil.
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Officials from the world's seven largest economies urge oil producers to increase supply to bring down prices.
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World oil prices are continuing to scale record heights, rising on concerns over disruptions to supply from strike-hit producers Nigeria and Norway.
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The oil and gas firm keeps ratcheting up reserves.
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Declaring that high oil prices are a threat to the global economy, the world&#39;s industrialized countries urged producers Friday to provide price relief by boosting supplies.
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There are some signs of progress in resolving the Nigerian conflict that is riling global oil markets. The leader of militia fighters threatening to widen a battle for control of Nigeria&#39;s oil-rich south has
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A peace deal between rebel gangs in Nigeria helped drag the price of a barrel of oil back below $50 in New York yesterday, giving a boost to the equity markets and pushing