crude oil

Stung by rejection of its demand for restoration of tax breaks on production of natural gas, the Oil Ministry has asked the Finance Ministry to let courts decide if 7-year tax holiday should apply only to oil and not on gas produced from the same well. Full Article

Crude prices jumped to $78 per barrel and then tilted back. Crude prices have surged more than 60% since March. The Organization of Petroleum Exporting Countries and the U.S. Energy Information Administration recently boosted their demand outlook for next year, as the global economy gradually recovers from the recession. In this article we will figure out the trend and the original invisible facts of where the crude prices will climb in the coming days.The below chart sh.. Full Article