An Al-Qaeda branch in North Africa threatened to take revenge on oversea Chinese for the deaths of Muslim Uygurs in the deadly July 5 violence in China's Xinjiang, Bloomberg reported on Tuesday, citing a report from a risk analysis company.
The Desertec Industrial Initiative, the world's most ambitious solar power project, will map out investment plans by 2012 to develop carbon-free energy that could supply up to 15 percent of Europe's needs by 2050.
G8 leaders pledged $20 billion (12.3 billion pounds) in farm aid to help poor nations feed themselves, surpassing expectations on the final day of a summit that has yielded little progress on climate change and trade.
A 400-billion euro ($554 billion) project linking solar power produced in the Sahara to energy users in Europe and North Africa is a win-win for both continents and could also promote integration around the Mediterranean, a German minister said.
Russia's Gazprom expected gas demand to pick up in Europe from April, its export chief said on Wednesday, rebuffing accusations that rigid pricing was to blame for an expected 40 percent plunge in export sales in 2009.
Malian security forces have clashed with a group of suspected al Qaeda militants in the northern Tessalit region, killing several people, a senior military source in the West African country said Wednesday.
Al Qaeda's North African wing said on Wednesday it had carried out its threat to kill a British hostage it was holding in the Sahara.
OPEC Secretary-General Abdullah al-Badri said on Friday he saw oil prices at $70 to $75 a barrel by the end of the year, making him the latest official from the group to predict the current rally will persist.
Consumer nations on Sunday urged producers to keep oil prices stable or risk derailing a fragile global economic recovery, as top exporter Saudi Arabia forecast prices eventually moving toward $75 a barrel.
Algerian President Abdelaziz Bouteflika won 90.24 percent of the vote in a presidential election, officials said on Friday, extending his hold over Algeria, an oil producer with a lingering Islamist insurgency.
U.N. nuclear watchdog governors failed to agree on a successor to Director-General Mohamed ElBaradei on Friday after five rounds of voting, opening the field to new candidates who might bridge rich-poor divisions.
OPEC ministers agreed on Sunday to leave existing output targets unchanged, but promised to enforce those curbs more strictly and said they would meet again at the end of May to review progress.
OPEC ministers agreed on Sunday to leave existing output targets unchanged, but promised to enforce those curbs more strictly and said they would meet again at the end of May.
OPEC ministers began talks on Sunday to decide whether to set new output targets or stick to existing curbs against a backdrop of swelling oil inventories and a shattered world economy.
OPEC ministers weighed the options of tighter compliance with existing output curbs or agreeing to new cuts as they prepared to meet Sunday against a backdrop of high oil stocks and a damaged world economy.
Just hours after he said urging OPEC not to cut oil production was not in my domain, U.S. Energy Secretary Steven Chu said that remark reflected more of my naivete than anything else and he would encourage OPEC members to promote stability in crude oil prices.
On Monday at the African Union summit in Addis Ababa, Libyan leader, Moammar Gadhafi, was elected leader of the African Union, a position he has long sought.
Commodity Online VIENNA: OPEC on Tuesday announced that its weekly average oil price has dropped slightly to $ 99.47 per barrel in the previous week.
Crude oil fell on Monday as the dollar gained strength and as news arose that OPEC may boost oil output at the cartel’s next meeting in February.
Eleven U.N. employees are believed to have been among those killed when car bombs hit U.N. and other buildings in Algiers on Tuesday and more U.N. staff were still unaccounted for, a U.N. spokeswoman said.
At least forty-seven people were killed when two car bombs exploded in upscale districts of Algiers on Tuesday, a security source said, in the bloodiest attack since the 1990s on the capital of the OPEC member state.
Oil prices climbed above $88 a barrel on Thursday, recovering from six-week lows amid concern over tight inventories following OPEC's output rollover and as weakness in the U.S. dollar propped up commodities.
