News Update

Nigeria's MEND Claims Responsibility for Shell Attack (Update2)

Sept. 15 (Bloomberg) -- The Movement for the Emancipation of the Niger Delta, the main militant group in Nigeria's oil region, said its fighters destroyed a Royal Dutch Shell Plc flow station in a third day of attacks against oil installations. MORE>>>

Shell reduces staff at Nigeria fields after attacks

ABUJA, Sept 15 (Reuters) - Royal Dutch Shell has reduced the number of employees at some of its Nigerian oil fields after militants attacked several of its facilities in the last three days MORE>>>

Wall Street pulls oil down to $94

NEW YORK (CNNMoney.com) -- Oil prices fell sharply Monday as Wall Street's latest tale of woes added fuel to the economic slowdown that has been crippling demand for energy. MORE>>>

Oil Prices Going Down below 93 dollars

LONDON: Oil prices plunged on Monday to seven-month lows below 93 dollars on prospects of weaker energy demand amid a worsening global financial crisis after Lehman Brothers’ bankruptcy, analysts said. MORE>>>