Fossil Fuel Energy Production

Cypriot Finance Minister Michalis Sarris left Moscow on Friday after two days of talks aimed at securing a financial lifeline from Russia without reaching an agreement.

British energy giant BP on Friday said it would return up to $8.0 billion (6.2 billion euros) to company shareholders by repurchasing shares, a day after completing the sale of its stake in a Russian joint-venture.

Russian President Vladimir Putin and China's new leader Xi Jinping are to hold landmark talks Friday in the hope of further cementing the two countries' partnership with a range of strategic agreements.

Russia's President Vladimir Putin and China's new leader Xi Jinping are to hold landmark talks on Friday in the hope of further cementing the two countries' partnership with a range of economic and strategic agreements.

The IMF forecast Thursday that Iraq's economy would grow around nine percent this year helped by surging oil production, but said Baghdad needs to do more to support private, non-oil business.

Russian state oil giant Rosneft announced Thursday the creation of the world's top listed oil firm as it sealed a $56-billion acquisition of the British and local stakes in the lucrative but strife-torn joint venture TNK-BP .

Sudan on Thursday authorised companies to transport oil from South Sudan, in line with a timetable that will release billions of dollars in crucial revenues stalled over security concerns.

Russia's state oil giant Rosneft on Thursday announced the creation of the world's largest listed oil company as it completed a $56-billion acquisition of the British and Russian stakes in the joint venture TNK-BP.

Global crude oil prices turned lower on Thursday as traders banked profits despite strong Chinese manufacturing data.

PetroChina on Thursday reported that 2012 net profit fell 13.3 percent, despite increased production, as the oil giant was hit by a slowdown in the growth rate of the Chinese economy.

Former oil executive Justin Welby will be enthroned as Archbishop of Canterbury on Thursday after speeding through the Church of England ranks to face the challenge of shepherding the fractious Anglican Communion through the coming years.

Police arrested eight Greenpeace activists Thursday after members of the group chained themselves to a bridge in Jerusalem demanding US President Barack Obama halt exploratory drilling in the Arctic, an official said.

US stocks recorded solid gains Wednesday as the Federal Reserve held steady on its policy of economic stimulus.

The US will produce more oil than it imports beginning late this year for the first time in 18 years, the Energy Information Administration said Wednesday.

Canadian and US indigenous leaders gathered in Ottawa on Wednesday in opposition to building pipelines to move Canadian tar sands oil across their traditional lands, citing environmental concerns.

US firm Anadarko Petroleum has announced what it calls a "potentially giant" oil find in deep waters of the Gulf of Mexico.

Global crude oil prices bounced back on Wednesday after eurozone finance ministers and the European Central Bank (ECB) vowed to support Cyprus as a crucial bailout deal stood on the brink of collapse, analysts said.

Iraq's economy is expanding and government coffers are swelling, but Sabah Nuri, like many Iraqis who still struggle with poverty and poor services, has yet to see the benefits of rising oil exports.

Brazil's state-run energy giant Petrobas said Tuesday it aims to triple oil production from its huge deep-water fields by 2017.

Brazil's state-run energy giant Petrobras said Tuesday it aims to triple oil production from its huge deep-water fields by 2017.