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Obama for ending $4 bn annual subsidy to US oil companies

Last Updated: Saturday, February 25, 2012, 17:07

Calling for ending the USD 4 billion subsidies that the American oil industry receives every year, US President Barack Obama on Saturday asserted there is no quick fixes to challenges of galloping oil except for adopting the "all-of-the-above" approach.

Hackers spied on US oil companies: Report

Last Updated: Tuesday, January 26, 2010, 10:22

Three major US oil companies came under cyber attacks that may have come from hackers in China, the Christian Science Monitor newspaper reported on Monday.