Oil rises above $133 a barrel
Tuesday, May 27 – 2008 at 07:43
Oil rose above $133 a barrel Monday on concerns about global petroleum supplies and the outlook for the U.S. economy and the dollar, reported AP. Light, sweet crude for July delivery on the New York Mercantile Exchange was up 88 cents at $133.07
Shell boosts project stakehttp://www.ameinfo.com/158443.html
Saudi Arabia: Wednesday, May 28 – 2008 at 11:53
Royal Dutch Shell has raised to 50 from 40% its stake in a project to explore for gas in Saudi Arabia’s Empty Quarter after French Total pulled out of the joint-venture, reported Gulf Daily News. Saudi state-oil company Aramco’s stake in the South Rub Al Khali joint-venture will rise to 50% from 30%.