George Jahn

Syria to end nuclear secrecy

In a major turnaround, Syria is pledging full cooperation with UN attempts to probe strong evidence that it secretly built a reactor.

Big powers, Iran spar over nukes

Iran wants a new round of talks with six world powers to focus on a host of issues including its rights as a nation.

Opec banks on end of recession to drive oil prices

Oil ministers appear ready to sit back and let a recovering economy lift crude prices instead of trying to bolster them by cutting back production.

Oil slips on weak global demand

Worries about global economic growth and expectations of a weak US jobs report pushed oil prices lower on Friday.

Oil crosses $98 a barrel

Oil prices jumped to a new trading record above $98 a barrel on Wednesday amid expectations of declining United States supplies. The weak dollar and the Organisation of the Petroleum Exporting Countries's apparent reluctance to pump more crude into the market also boosted prices.

Oil prices ease on profit-taking

Oil prices fell more than a barrel on Monday as traders pocketed gains from the previous session's record settlement. The release of eight Turkish soldiers by Kurdish rebels on Sunday also contributed to the decline, easing some concerns about whether Turkey will launch attacks on guerrilla bases in northern Iraq.

Oil prices rise on refineries, Nigerian elections

Oil prices rose on Monday ahead of the expected restarts at United States refineries and Nigerian presidential elections that some fear could spark violence that may disrupt oil supplies. The 10th consecutive week of draws on US gasoline inventories last week also had potential to exert upward pressure on prices.

Opec sentiment for production cuts ebbs

The Organisation of the Petroleum Exporting Countries' (Opec) president and oil powerhouse Saudi Arabia stepped back from direct calls to slash output on Wednesday, the eve of the group's year-end meeting, in potential good news for consumers worldwide.

Oil prices slip on Opec doubts

Oil prices slipped below a barrel on Monday on doubts that the Organisation of the Petroleum Exporting Countries (Opec) would pursue proposed production cuts and as geopolitical concerns lifted. Light, sweet crude for December fell by 89 cents to ,86 a barrel in electronic trading on the New York Mercantile Exchange.

Iran, storm fears see oil prices rise

Oil prices rose on Friday as the market watched Iran's stand-off with the West over its nuclear programme and amid concerns that tropical storms could threaten United States Gulf coast oil refineries. Prices fell earlier in the week after US Department of Energy weekly data showed a rise in gasoline stockpiles.

Oil prices rise as Bush presses Iran

Crude futures rose on Tuesday over Iran concerns after United States President George Bush warned that nations worldwide will not back down from their demand that Tehran suspend uranium enrichment. Worries over Iran's nuclear ambitions have clouded the outlook for the nation's oil exports.

Global oil risk: It’s not just Iran

Unrest in Africa. Mideast insurgency and terrorism. Iran's nuclear brinkmanship. Russian pressure politics. South American resource nationalism. Piece by piece, the global energy puzzle reveals a bleak horizon for a world frantically searching for secure oil and gas supplies.

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