Iraq

Shell Oil back in Iraq

Royal Dutch Shell formally signed a joint venture with an Iraq’s state-owned South Oil Company to recapture gas that now goes to waste during oil extraction in the Basra fields. The deal is estimated to be worth $4 billion. Under… Read moreShell Oil back in Iraq

Planet Watch

Oil soars as dollar plunges

Oil prices posted the biggest one-day dollar gain ever Monday Sept. 22 as the dollar fell in response to Washington’s $700 billion Wall Street bailout plan. October oil contracts surged in afternoon trading, reaching $130—a more than $25 gain. It… Read moreOil soars as dollar plunges