Saudi Arabia has repeatedly said it is meeting customer needs and that it is ready to meet any extra requirements.
President Mwai Kibaki said that oil was discovered in the
country`s northwest over the weekend.
Tehran said Monday it was considering extending the oil
embargo to other European countries.
Iran exports about 20 per cent of its crude to the European Union, most
of which goes to Italy, Spain and Greece.
Saudi Arabia made clear it was ready to pump more oil after sanctions threatened to cut Iranian sales of crude.
World oil markets have been jolted over concerns that
Iran may choke off the vital Strait of Hormuz in retaliation.
Tehran could close the entrance to the Gulf if Western states impose sanctions that paralyze their oil exports.
The threat was reported as
Iran conducted navy wargames near the Strait of Hormuz.
A Japanese submarine shot a torpedo at an American oil tanker, sinking it and sending 3 mn gallons of oil to sea bottom.
The Arab League said it would hold an urgent meeting on Saturday to discuss Syria.
Fish oil has been hailed as wonder treatment for diseases like autism and dementia.
Oil exports can provide the rebels crucial funding amid escalating violence.
Cairn India, a unit of British
exploration firm Cairn Energy plc, said today it plans to
drill for oil and natural gas deposits off Sri Lanka`s
northwestern coast in July.
The tanker was sailing from the Persian Gulf to the Gulf of Mexico.
Oil and sand Mafia have spread their
tentacles all over Maharashtra and government officers are not
secure, senior BJP leader Gopinath Munde said here on Thursday.
The rupture in ONGC`s Mumbai-Uran
pipeline resulted in about 30,000 barrels of crude leaking
into the ocean, an Indian Coast Guard (ICG) official said
Chavez was seen as key instigator of nationalisation of Bolivia`s energy sector.
The 1000-km-long pipeline which will supply 15 million tonnes of crude oil to China.
Bangladesh has offered Russian energy corporation Gazprom joint venture projects in oil and gas sector after lukewarm response to its bids from the western multi-national corporations.
US officials said preliminary information showed the disaster may have killed up to 6,104 birds & 609 turtles.
Day in Pics: 1st November
Showbiz World - November 1, 2014
PM Narendra Modi's Run For Unity