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Results for Tag: Oil

In Asian market oil plummets to US$80

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

Pakistani oil worker kidnapped in Somalia

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

Oil prices hit eight-month low

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