Eventually, an over-leveraged world will have to cut debt burdens down to size, and it won’t be pretty
Iraq is close to finalising deals at three of its largest oilfields that could nearly triple output and make it the world's number three producer
Big oil producing nations denied a report that Gulf Arab states were in secret talks to replace the US dollar with a basket of currencies
BP Plc said it had made a "giant" oil discovery in the Gulf of Mexico, reaffirming the area's importance to Western oil majors
