Sudden Spike in Gas Prices, but Increases May Be Short-Lived

HOUSTON — With the summer vacation season picking up, gasoline prices at the pump are inching higher, a seasonal increase that was underscored by an unusual one-day bump on Friday of 3 cents a gallon.

Russia's Rosneft disappoints with fourth quarter profits of £1.2bn

Russian state-controlled oil company Rosneft, in which BP has agreed to buy a 20pc stake, disappointed markets with its fourth-quarter results on Friday.

Oil near $100 still a threat to global economy: IEA

KUALA LUMPUR: Oil prices near $100 a barrel are still a threat to a slowing global economy that is likely to consume less fuel than the International Energy Agency (IEA) had forecast, the IEA's executive director said on Tuesday.