Oil in Spotlight
Oil falls 2.5 percent on Dubai default worries
NEW YORK (Reuters) - Oil prices settled down more than 2 percent at about $76 a barrel on Friday as fears of possible defaults in Dubai convulsed financial markets and boosted safe-haven demand for the U.S. dollar. Full Article
Iraq drilling firm to drill 180 wells in 2010
BASRA, Iraq (Reuters) - The state-run Iraq Drilling Company plans to drill 180 oil wells in 2010, and will be able to drill more than 250 new wells every year from 2011 onwards, the head of the company said. Full Article
In Depth
Former foes
Researchers gauge the impact of climate change on far north waters on a joint U.S.- Russian expedition. Full Article
New frontier
Kashagan is the biggest oil discovery since 1968, with reserves under the Caspian Sea. Full Article
