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News

Who is to Blame for the Collapse of the Middle Class?

Who is to Blame for the Collapse of the Middle Class?

Sep 03, 2012 at 17:32 | Editorial Dept

Since 2000, the middle class has shrunken in size. It has fallen backward in income and wealth, and shed some—but by no means all—of its characteristic faith in the future.

Greek Oil Tanker Robbed and Released off Togo

Greek Oil Tanker Robbed and Released off Togo

Aug 31, 2012 at 17:17 | Joao Peixe

Pirates hijacked a Greek-operated oil tanker off the coast of Togo and stole 3,000 tons of oil cargo, releasing the ship back to the captain on Thursday, news agencies reported.…

Russian Oligarch Battle over Sibneft Concludes in London

Russian Oligarch Battle over Sibneft Concludes in London

Aug 31, 2012 at 17:08 | Charles Kennedy

Russian oligarch Roman Abramovich has won a $6.8 billion lawsuit stemming from allegations that he bullied fellow oligarch Boris Berezovsky into selling shares at below market prices in Russian oil…

South Sudan a Year Away from Full Oil Production

South Sudan a Year Away from Full Oil Production

Aug 31, 2012 at 17:06 | Charles Kennedy

Officials in Juba, South Sudan, told media this week that it will take up to a year to restart full oil production due to damage caused to hydrocarbon infrastructure during…

India's Esser Oil Increases Iranian Imports

India's Esser Oil Increases Iranian Imports

Aug 31, 2012 at 17:05 | Joao Peixe

India’s privately owned Esser Oil has reportedly increased imports of Iranian oil by one-third in July and has renewed its deal with Iran for the purchase of 100,000 bdp in…

US Targets Mexican Oil Company Linked to Drug Cartel

US Targets Mexican Oil Company Linked to Drug Cartel

Aug 30, 2012 at 18:57 | Joao Peixe

US companies and individuals have been prohibited from doing business with Mexican oil company ADT Petroservicios and the company’s US assets have been frozen due to owner Francisco Antonio Colorado…

Hurricane Isaac Prompts Natural Gas Rally

Hurricane Isaac Prompts Natural Gas Rally

Aug 30, 2012 at 18:55 | Charles Kennedy

Wednesday saw natural gas futures up nearly 1% on news that Hurricane Isaac would push more production offline and potentially damage the natural gas infrastructure in the affected region. Nearly…

Saudi Oil Giant Recoups after Virus Attack

Saudi Oil Giant Recoups after Virus Attack

Aug 30, 2012 at 18:54 | Jen Alic

Saudi Aramco, Saudi Arabia’s state-owned oil giant, has recovered, with its 30,000 computers back online after a major computer virus apparently launched by a group called the Cutting Sword of…

Syria Trumps Iran's Nuclear Program at Tense NAM Summit

Syria Trumps Iran's Nuclear Program at Tense NAM Summit

Aug 30, 2012 at 18:53 | Jen Alic

During the summit of the Non-Aligned Movement (NAM) in Tehran, Iranian Supreme Leader Ayatollah Ali Khamenei told the 120 state leaders gathered that Iran had no intention of pursuing nuclear…

Massive Oil Find in Mexico's Deep Waters

Massive Oil Find in Mexico's Deep Waters

Aug 30, 2012 at 18:52 | Joao Peixe

Mexico’s state-owned Pemex oil has announced a major oil discovery in the deep waters of the Gulf of Mexico that Mexican President Felipe Calderon is touting as promising one-third of…

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