oil
Iran expands oil tanker insurance because of EU sanctions
Iran is expanding a promise to insure shipments of its oil to include both Iranian and foreign tankers, in an effort to get around...
Berkshire Hathaway moved to expand its underwriting of the oil and gas industry
Berkshire Hathaway moved to expand its underwriting of the oil and gas industry Wednesday as part of a new agreement with Willis Group Holdings.
Willis,...
Monaco : Reinsurers float $20 billion plan for BP-type blowout
A scheme floated here at an annual meeting of giants in the insurance industry could come up with a 20-billion-dollar insurance payout if an...
BP to fund mental health in oil-hit Gulf states
BP announced Monday 52 million dollars in funding for health groups dealing with stress and depression in four southern US states hit by the...
Investments rescue Munich Re’s quarterly earnings
German insurance group Munich Re posted a better-than-expected second quarter net profit on Wednesday owing to earnings from investments, and raised slightly a full-year...
BP oil spill costs soar above 3 billion dollars
BP's costs over the Gulf of Mexico oil spill soared Monday above three billion dollars, while a giant Taiwanese ship provided hope of revolutionizing...
Chinese banks and insurers sign a 23 billon dollar refinery deal in Nigeria
Nigeria and a Chinese state firm have signed a 23-billion-dollar deal to build three refineries and a petrochemical complex in Nigeria, a world's major...
Lawyers on the prowl after US oil spill
Armies of lawyers are turning their sights to the massive oil slick spreading across the Gulf of Mexico, eagerly seeking damages from the companies...
Monthly petrol price rise is second highest ever
Average UK petrol prices have risen 4.98 pence per litre between mid May and mid June, the second highest increase ever, according to the...
