"Crude Oil Declines After IEA Reduces Global Demand Forecast"
Crude oil fell for a third day in New York after the International Energy Agency said that global demand will decline for a second year, the first back-to-back contraction since 1983. The IEA, which advises 28 nations on energy policy, cut its 2009 forecast by 1 million barrels a day on....Complete Story
"Indonesia Rejects Exxon Mobil's Natuna Gas Proposal"
Indonesia has rejected a proposal by Exxon Mobil Corp to develop the giant Natuna D-Alpha gas field, since it believes the contract held by the U.S. oil major expired in 2005....Complete Story
"Norway, China Shake Hands on Continued Cooperation in Petroleum Sector"
Norway and China have signed a strategic agreement in Beijing for enhanced cooperation in the petroleum sector....Complete Story
"Crude Oil Prices Up Slightly"
Crude oil prices rose slightly on the New York Mercantile Exchange Friday, but remain in a downward trend in part due to a storage problem, traders said....Complete Story
