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  • Nigeria: Fuel Importation Raises Forex Demand to $706 Million

    The surge in the demand for foreign exchange continued last week as the Central Bank of Nigeria CBN, attributed the observed increase in demand to the surge in foreign exchange purchases for the impor...
    2008-08-26 03:10:08
  • Uganda: Fuelex, URA in Court Battle

    A court battle is raging between Fuelex Uganda Ltd - an oil company - and Uganda Revenue Authority over 47,000 cubic litres of aviation oil impounded in February....
    2008-08-26 03:10:17
  • Iran launches submarine production to protect vital shipping line

    Iran has launched a submarine production line to ensure its forces are equipped to maintain security in the vital oil shipping route, the Strait of Hormuz waterway, the defence minister said on Monda...
    2008-08-26 03:00:10
  • Imperial set to recommend Â&pound1.4bn ONGC bid

    Imperial Energy, the oil exploration group with most of its operations in Russia, is preparing to recommend a Â&pound1.4bn offer from ONGC Videsh, the state-controlled Indian energy g...
    2008-08-26 03:00:00
  • Rupee hits more than 17-month low of 44.10pts up

    The Indian rupee hit more than 17-month low of 44.10 against the dollar during morning trade on increased dollar demand from oil refiners and stronger dollar overseas amid sluggish stocks....
    2008-08-26 02:28:05
  • Rupee hits more than 17-month low of 44.10 in early trade

    &ltimg src=&quothttp://www.ptinews.com/images/ptilogo.gif">&ltp&gtMumbai, Aug 26 PTI The Indian rupee hit more than 17-month low of 44.10 against the greenback during morning t...
    2008-08-26 02:13:59
  • Bills Ruin Colts' Grand Opening At New Stadium

    The Buffalo Bills ruined Indianapolis' grand opening celebration Sunday night. Xavier Omon ran for one touchdown, Terrence McGee returned a fumble for another score and Rian Lindell kicked two fie...
    2008-08-26 02:17:14
  • Oil firms' dollar demand fuels forex mart volatility

    A rising demand for dollars from oil companies, a slowdown in capital inflow and a surge in dollar against major global currencies have led to a volatility in the foreign exchange market, pulling down...
    2008-08-26 02:08:29
  • Oil Prices Rise As Tropical Storm Forms

    Oil prices ended a choppy session slightly higher, edging back above $115 a barrel after Tropical Storm Gustav formed in the Caribbean.&ltdiv class="feedflare">&lta href="htt...
    2008-08-26 02:08:10
  • It's oil or nothing, say school bus companies

    Help us now or you'll pay later. That's what school bus companies are telling city officials about their skyrocketing fuel costs and the consequences for the start of the school year.&ltdi...
    2008-08-26 02:09:11
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