Oil prices fell almost four dollars in Asian trade Friday, after a "bloodbath" on world markets, with traders increasingly convinced a global economic slowdown will hurt energy demand, dealers said. Brent North Sea crude sank
Somali gunmen on Wednesday kidnapped a Pakistani oil worker in the country's breakaway Puntland region, an official said. "The incident took place in a village near Bossaso. We don't know the identity of the kidnappers and their
LONDON (AFP) - Crude oil prices slumped to eight month low points below 90 dollars a barrel on Monday as worsening financial turmoil triggered fears about slowing demand for energy, traders said. Prices have slumped almost 40 percent in