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Libya To Stop Fighting Sunday To Let Rebels Surrender

Libya To Stop Fighting Sunday To Let Rebels Surrender

The Libyan army announced it would halt military operations starting Sunday to give rebels the chance to surrender and benefit from an amnesty, state news agency Jana reported.

Crude Could Hit $140 By December -Citibank

Crude Could Hit $140 By December -Citibank

Crude oil prices are geared to the upside and could hit $140/bbl before December, says Citibank. Increased tensions in the Middle East and North Africa, combined with a likely increase in demand in the wake of the Japan quake and tsunami, suggests the risk points to higher prices, says the bank.

Italy Fully Supports UN Resolution On Libya: Frattini

Italy Fully Supports UN Resolution On Libya: Frattini

Italy "fully" supports a new U.N. Security Council resolution on Libya to stop Moammar Gadhafi's attacks on rebels and civilians, Italian Foreign Minister Franco Frattini said here Thursday.

Turkey, Russia Vow To Proceed With Turkish Nuclear Plant

Turkey, Russia Vow To Proceed With Turkish Nuclear Plant

President Dmitry Medvedev and Prime Minister Recep Tayyip Erdogan vowed Wednesday to press on with plans for Russia to build Turkey's first nuclear power plant despite the Japanese nuclear accident.

US Semiconductor Industry Warns Of Ripple Effect From Quake

US Semiconductor Industry Warns Of Ripple Effect From Quake

The earthquake in Japan will cause a "rippling effect" through the global electronics industry, though U.S. semiconductor makers are still assessing the potential impact from the ongoing tragedy, the chairman of the Semiconductor Industry Association said Wednesday.

EU Members Agree to Stress-Test NPPs

EU Members Agree to Stress-Test NPPs

EU energy ministers gathered in Brussels Tuesday in an emergency meeting in the wake of the nuclear crisis in Japan agreed to stress-test all NPPs operating in the Union.

Oil Prices May Soar to $150-200 per bbl - Kudrin

Oil Prices May Soar to $150-200 per bbl - Kudrin

World oil prices may hit $150-200 per barrel in the short term in the wake of continued unrest in the Middle East and a devastating earthquake in Japan, Russian Finance Minister Alexei Kudrin told a banking forum on Wednesday.

Libya Stands By Oil Contracts With West

Libya Stands By Oil Contracts With West

Libya will honor all current oil contracts with Western oil companies but the ongoing crisis in the country could affect future cooperation, Deputy Foreign Minister Khaled Kaim said.