Oil prices soar past $60 in Asian trading
WORLD oil prices soared past the psychological barrier of 60 dollars in
Asian trading on Monday, with the benchmark New York contract hitting a
record high of 60.45 dollars a barrel.
Indian state-run company makes record gas find
AN Indian state-run energy company has made the country's biggest gas
discovery, an offshore bubble big enough to double the country's gas
production, a state government minister said. The find made early this
month by the Gujarat State Petroleum Corporation (GSPC) was estimated at
20 trillion cubic feet and to be worth about 50 billion dollars, said
Gujarat's chief minister, Narendra Modi.