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Kuwait City's banking complex is decorated with lights and ...

(AFP/File) — Tue, 09 Feb 2010 18:29:53 GMT

(AFP/File) - Kuwait City's banking complex is decorated with lights and the national flag in 2009. OPEC member Kuwait is projecting a 22.4 billion dollar budget deficit for the 2010-2011 fiscal year after raising spending by more than 33 percent, according to a draft budget seen on Tuesday.(AFP/File/Yasser al-Zayyat)

Venezuela's President Hugo Chavez speaks during a meeting ...

(Reuters) — Tue, 09 Feb 2010 13:27:52 GMT

(Reuters) - Venezuela's President Hugo Chavez speaks during a meeting with ministers at Miraflores Palace in Caracas February 9, 2010. Chavez inaugurated a folksy new radio talk-show on Monday by declaring an "electricity emergency" in oil-rich Venezuela. Despite its huge crude reserves, the South American OPEC member relies on hydro-electricity for 70 percent of its power needs, and a drought has hit supply since late 2009. REUTERS/Miraflores Palace/Handout (VENEZUELA - Tags: POLITICS ENERGY BUSINESS) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS

Venezuelan President Hugo Chavez speaks during a meeting with ...

(Reuters) — Tue, 09 Feb 2010 13:20:15 GMT

(Reuters) - Venezuelan President Hugo Chavez speaks during a meeting with ministers at Miraflores Palace in Caracas February 9, 2010. Chavez inaugurated a folksy new radio talk-show on Monday by declaring an "electricity emergency" in oil-rich Venezuela. Despite its huge crude reserves, the South American OPEC member relies on hydro-electricity for 70 percent of its power needs, and a drought has hit supply since late 2009. REUTERS/Miraflores Palace/Handout (VENEZUELA - Tags: POLITICS ENERGY BUSINESS) FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS

A map of northern Europe showing the route of the planned South ...

(AFP/Graphic) — Fri, 05 Feb 2010 19:07:01 GMT

(AFP/Graphic) - A map of northern Europe showing the route of the planned South Stream and Nabucco gas pipelines. Serbia's state-run gas company and Russia's Gazprom on Friday founded a joint venture to manage an underground gas storage as a part of future South Stream pipeline through the Balkan republic, Beta news agency reported.(AFP/Graphic)

A Mah Meri wood carving sits on a shelve at a workshop in the ...

(Reuters) — Fri, 05 Feb 2010 05:27:05 GMT

(Reuters) - A Mah Meri wood carving sits on a shelve at a workshop in the Mah Meri tribe village of Sungai Bumbun on Carey Island, outside Kuala Lumpur January 31, 2010. Their artworks have been recognised as part of the world's heritage and can fetch thousands of dollars in auctions, but the Mah Meri tribe, and their wood carving tradition, are increasingly falling victim Malaysia's to the lucrative palm oil industry. Photo taken January 31, 2010. REUTERS/Bazuki Muhammad (MALAYSIA - Tags: SOCIETY ENVIRONMENT IMAGES OF THE DAY)

A Mah Meri wood carving lies in a workshop in the Mah Meri tribe ...

(Reuters) — Fri, 05 Feb 2010 05:14:34 GMT

(Reuters) - A Mah Meri wood carving lies in a workshop in the Mah Meri tribe village of Sungai Bumbun on Carey Island, outside Kuala Lumpur January 31, 2010. Their artworks have been recognised as part of the world's heritage and can fetch thousands of dollars in auctions, but the Mah Meri tribe, and their wood carving tradition, are increasingly falling victim Malaysia's to the lucrative palm oil industry. Photo taken January 31, 2010. REUTERS/Bazuki Muhammad (MALAYSIA - Tags: SOCIETY ENVIRONMENT)

Mah Meri man Razali Uju works on his carving at his workshop ...

(Reuters) — Fri, 05 Feb 2010 05:13:31 GMT

(Reuters) - Mah Meri man Razali Uju works on his carving at his workshop in the Mah Meri tribe village of Sungai Bumbun on Carey Island, outside Kuala Lumpur January 31, 2010. Their artworks have been recognised as part of the world's heritage and can fetch thousands of dollars in auctions, but the Mah Meri tribe, and their wood carving tradition, are increasingly falling victim Malaysia's to the lucrative palm oil industry. REUTERS/Bazuki Muhammad (MALAYSIA - Tags: SOCIETY ENVIRONMENT)

A Mah Meri man works on his wood carving at his workshop in ...

(Reuters) — Fri, 05 Feb 2010 05:11:24 GMT

(Reuters) - A Mah Meri man works on his wood carving at his workshop in the Mah Meri tribe village of Sungai Bumbun on Carey Island, outside Kuala Lumpur January 31, 2010. Their artworks have been recognised as part of the world's heritage and can fetch thousands of dollars in auctions, but the Mah Meri tribe, and their wood carving tradition, are increasingly falling victim Malaysia's to the lucrative palm oil industry. Photo taken January 31, 2010. REUTERS/Bazuki Muhammad (MALAYSIA - Tags: SOCIETY ENVIRONMENT)

A woman is seen walking near a gas flare fire near the Niger ...

(AFP/File) — Mon, 01 Feb 2010 17:19:21 GMT

(AFP/File) - A woman is seen walking near a gas flare fire near the Niger Delta port city of Warri in 2007. Anglo-Dutch oil group Shell said it had shut in some oil production in southern Nigeria after a key supply pipeline was sabotaged.(AFP/File/Lionel Healing)

Anglo-Dutch oil group Shell said it had shut in some oil production ...

(AFP/File) — Mon, 01 Feb 2010 17:19:21 GMT

(AFP/File) - Anglo-Dutch oil group Shell said it had shut in some oil production in southern Nigeria after a key supply pipeline was sabotaged.(AFP/File/Karen Bleier)

Car lights are seen streaking past an oil rig extracting petroleum ...

(AFP/Getty Images/File) — Mon, 01 Feb 2010 15:32:05 GMT

(AFP/Getty Images/File) - Car lights are seen streaking past an oil rig extracting petroleum in the Los Angeles area community of Culver City, California. A recovery in oil demand is underway but uncertainties persist after the global economic downturn had curbed the world's appetite for energy, OPEC's chief Abdalla Salem El-Badri said(AFP/Getty Images/File/David McNew)

A Yemeni soldier stands guard at the liquefied natural gas (LNG) ...

(AFP/File) — Mon, 01 Feb 2010 09:14:48 GMT

(AFP/File) - A Yemeni soldier stands guard at the liquefied natural gas (LNG) plant in Balhaf on the Gulf of Aden, 2009. Police in Yemen were searching for a man suspected of trying to blow up an oil pipeline that carries crude to a Red Sea port(AFP/File/Marwan Naamani)

Chinese workers of the China State Construction Engineering ...

(AFP) — Sun, 31 Jan 2010 22:24:14 GMT

(AFP) - Chinese workers of the China State Construction Engineering Corporation (CSCEC) take a lunch break at the site of the new African Union (AU) conference center in Addis Ababa. India has stepped up its efforts to gain an economic foothold in Africa in a new scramble with China for the continent's resources, signing energy deals with top oil producers Angola and Nigeria.(AFP/Simon Maina)

File photo of Indian Oil Minister Murli Deora. India has stepped ...

(AFP/File) — Sun, 31 Jan 2010 22:24:14 GMT

(AFP/File) - File photo of Indian Oil Minister Murli Deora. India has stepped up its efforts to gain an economic foothold in Africa in a new scramble with China for the continent's resources, signing energy deals with top oil producers Angola and Nigeria.(AFP/File/Prakash Singh)

Indian Oil Minister Murli Deora at a press conference in New ...

(AFP/File) — Sun, 31 Jan 2010 05:59:47 GMT

(AFP/File) - Indian Oil Minister Murli Deora at a press conference in New Delhi in June 2008. India has stepped up its efforts to gain an economic foothold in Africa in a new scramble with China for the continent's resources, signing energy deals with top oil producers Angola and Nigeria.(AFP/File/Prakash Singh)

Russia's First Deputy Prime Minister Viktor Zubkov (L) signs ...

(Reuters) — Fri, 29 Jan 2010 13:21:39 GMT

(Reuters) - Russia's First Deputy Prime Minister Viktor Zubkov (L) signs an agreement with Hungarian Finance Minister Peter Oszko (R) and Prime Minister Gordon Bajnai (C) in Budapest January 29, 2010, establishing a Russian-Hungarian joint venture for the planned South Stream natural gas pipeline. REUTERS/Karoly Arvai (HUNGARY - Tags: POLITICS ENERGY BUSINESS)

Russia's First Deputy Prime Minister Viktor Zubkov (L) signs ...

(Reuters) — Fri, 29 Jan 2010 13:21:37 GMT

A PetroChina employee inspects oil valves at an oil storage ...

(Reuters) — Thu, 28 Jan 2010 11:19:27 GMT

(Reuters) - A PetroChina employee inspects oil valves at an oil storage in Suining, Sichuan province January 28, 2010. China's state economic planning agency sees global crude oil prices averaging around $80 a barrel this year, up from 2009, the official Xinhua news agency said, a level deemed conducive to both refiners and oil producers. REUTERS/Stringer (CHINA - Tags: ENERGY BUSINESS) CHINA OUT. NO COMMERCIAL OR EDITORIAL SALES IN CHINA

A Papua New Guinea soldieris seen in the remote province of ...

(AFP/File) — Tue, 26 Jan 2010 04:08:02 GMT

(AFP/File) - A Papua New Guinea soldieris seen in the remote province of Enga. Papua New Guinea police have denied reports that killings in the remote Southern Highlands were related to tensions over lucrative profits from a gas pipeline planned by ExxonMobil.(AFP/File/Torsten Blackwood)

A gunbattle over lucrative profits from a gas pipeline planned ...

(AFP/Graphic) — Mon, 25 Jan 2010 06:10:57 GMT

(AFP/Graphic) - A gunbattle over lucrative profits from a gas pipeline planned by ExxonMobil in Papua New Guinea has left 11 people dead and 270 properties destroyed, reports said Monday.(AFP/Graphic)

A baby Siberian tigers and its mother check each other out in ...

(AFP/DDP/File) — Fri, 22 Jan 2010 18:55:44 GMT

(AFP/DDP/File) - A baby Siberian tigers and its mother check each other out in their enclosure at at German zoo. A leak from Russia's new Siberian oil pipeline shows the potentially damaging consequences the project could have for the endangered Siberian tiger, an environmental campaign group warned on Friday.(AFP/DDP/File/Timm Schamberger)

FILE - In this Wednesday, Dec. 3, 2008 file photo, workers weld ...

(AP) — Fri, 22 Jan 2010 18:33:19 GMT

(AP) - FILE - In this Wednesday, Dec. 3, 2008 file photo, workers weld pipes during a connection ceremony for a new gas pipeline between Ukha and Bovanenkovo in Ukhta, at Russian Northern Yamal Peninsula, about 1300 kilometers (800 miles) northeast of Moscow, Russia. Russia's oil-dependent economy is getting back on track after its biggest downturn in a decade as higher crude prices and new inflows of capital have shored up the country's banks, government finances and stock markets. (AP Photo/Misha Japaridze)

FILE - In this Friday, July 31, 2009 file photo, Russian Prime ...

(AP) — Fri, 22 Jan 2010 18:31:57 GMT

(AP) - FILE - In this Friday, July 31, 2009 file photo, Russian Prime Minister Vladimir Putin signs a first pipe of the Sakhalin-Khabarovsk-Vladivostok natural gas pipeline in Khabarovsk, about 6100 kilometers (3,800 miles) southeast of Moscow, Russia. Russia's oil-dependent economy is getting back on track after its biggest downturn in a decade as higher crude prices and new inflows of capital have shored up the country's banks, government finances and stock markets. (AP Photo/RIA- Novosti, Alexei Druzhinin, Pool)

In this photo taken Sunday, Jan. 10, 2010, relatives of the ...

(AP) — Thu, 21 Jan 2010 11:05:57 GMT

(AP) - In this photo taken Sunday, Jan. 10, 2010, relatives of the Il-76 cargo plane crew members detained in Thailand, speak during an interview with a local television channel in the city of Shymkent in southern Kazakhstan. Shown from left are, Natalya Isakova, daughter of the aircraft commander Ilyas Isakov, Svetlana Naidenova, twin sister of flight engineer Alexander Zrybnev, and Yanna Abdullayev, daughter of navigator Viktor Abdullayev. Bangkok police seized a cargo plane Dec. 12, 2009, and discovered that it carried a cache of weapons thought to be listed on its manifest as oil industry spare parts. All five crew members aboard the Bangkok flight have been charged with possessing arms and are in a Thai jail pending investigations into what is thought to be an international weapons smuggling network. (AP Photo/Nikita Basov)

In this photo taken Sunday, Jan. 10, 2010, Antonina Zrybneva, ...

(AP) — Thu, 21 Jan 2010 11:05:23 GMT

(AP) - In this photo taken Sunday, Jan. 10, 2010, Antonina Zrybneva, mother of flight engineer Alexander Zrybnev, one of the the Il-76 cargo plane crew members who is detained in Thailand, is seen at home in the city of Shymkent in southern Kazakhstan. Bangkok police seized a cargo plane Dec. 12, 2009, and discovered that it carried a cache of weapons thought to be listed on its manifest as oil industry spare parts. All five crew members aboard the Bangkok flight have been charged with possessing arms and are in a Thai jail pending investigations into what is thought to be an international weapons smuggling network. (AP Photo/Nikita Basov)

In this photo taken Saturday, Jan. 9, 2010, a plane of the East ...

(AP) — Thu, 21 Jan 2010 11:04:02 GMT

(AP) - In this photo taken Saturday, Jan. 9, 2010, a plane of the East Wing air freight company is seen at Shymkent airport, in southern Kazakhstan. Bangkok police seized a cargo plane Dec. 12, 2009, and discovered that it carried a cache of weapons thought to be listed on its manifest as oil industry spare parts. All five crew members aboard the East Wing Bangkok flight have been charged with possessing arms and are in a Thai jail pending investigations into what is thought to be an international weapons smuggling network.(AP Photo/Nikita Basov)

FILE - In this Monday, Dec. 14, 2009, file photo, one of the ...

(AP) — Thu, 21 Jan 2010 11:03:12 GMT

(AP) - FILE - In this Monday, Dec. 14, 2009, file photo, one of the detained crew members of the seized Il-76 cargo plane from Kazakhstan, identified as the aircraft commander Ilyas Isakov, center, is escorted to a criminal court in Bangkok, Thailand. Bangkok police seized a cargo plane Dec. 12, 2009, and discovered that it carried a cache of weapons thought to be listed on its manifest as oil industry spare parts. All five crew members aboard the Bangkok flight have been charged with possessing arms and are in a Thai jail pending investigations into what is thought to be an international weapons smuggling network.(AP Photo/Apichart Weerawong, File)

FILE- In this Monday, Dec. 14, 2009, file photo, one of the ...

(AP) — Thu, 21 Jan 2010 11:02:45 GMT

(AP) - FILE- In this Monday, Dec. 14, 2009, file photo, one of the detained crew members of the seized Il-76 cargo plane from Kazakhstan, identified as navigator Viktor Abdullayev, center, is escorted to a criminal court in Bangkok, Thailand. Bangkok police seized a cargo plane Dec. 12, 2009, and discovered that it carried a cache of weapons thought to be listed on its manifest as oil industry spare parts. All five crew members aboard the Bangkok flight have been charged with possessing arms and are in a Thai jail pending investigations into what is thought to be an international weapons smuggling network.(AP Photo/Apichart Weerawong, File)

FILE- In this Saturday, Dec. 12, 2009, file photo, showing Thai ...

(AP) — Thu, 21 Jan 2010 11:01:07 GMT

(AP) - FILE- In this Saturday, Dec. 12, 2009, file photo, showing Thai police officers and soldiers surround Il-76 cargo plane from Kazakhstan to make a search at Don Muang airport in Bangkok, Thailand. Bangkok police seized the cargo plane and discovered that it carried a cache of weapons thought to be listed on its manifest as oil industry spare parts. All five crew members aboard the Bangkok flight have been charged with possessing arms and are in a Thai jail pending investigations into what is thought to be an international weapons smuggling network. (AP Photo/File)

FILE- In this Saturday, Dec. 12, 2009, file photo, showing Thai ...

(AP) — Thu, 21 Jan 2010 11:00:40 GMT

FILE- In this photograph taken on Wednesday, April 15, 2009, ...

(AP) — Tue, 19 Jan 2010 16:47:24 GMT

(AP) - FILE- In this photograph taken on Wednesday, April 15, 2009, a flex rig towers over the floor of a well during a tour of facilities of natural gas producer Williams in Rulison, Colo. Williams Cos. said Tuesday, Jan. 19, 2010, it will create one of the largest natural gas partnerships in the nation by combining pipeline and processing units.(AP Photo/David Zalubowski, file)

Angolan Oil Minister Jose Botelho de Vasconcelos. The OPEC oil ...

(AFP/File) — Tue, 19 Jan 2010 16:28:01 GMT

(AFP/File) - Angolan Oil Minister Jose Botelho de Vasconcelos. The OPEC oil producers' cartel left unchanged its forecast for modest growth in world oil demand this year but warned that prices are likely to remain volatile in the coming months.(AFP/File/Samuel Kubani)

Iraqi workers walk at the Halfaya oil field near the southern ...

(AFP/File) — Tue, 19 Jan 2010 16:28:01 GMT

(AFP/File) - Iraqi workers walk at the Halfaya oil field near the southern city of Amara on December 12. The OPEC oil producers' cartel left unchanged its forecast for modest growth in world oil demand this year, but warned that prices are likely to remain volatile in the coming months.(AFP/File/Essam al-Sudani)

Oil prices have risen as the United Arab Emirates, an OPEC member, ...

(AFP/Getty Images/File) — Mon, 18 Jan 2010 15:25:53 GMT

(AFP/Getty Images/File) - Oil prices have risen as the United Arab Emirates, an OPEC member, described current price levels as "very reasonable."(AFP/Getty Images/File/David McNew)

A frog is covered in oil in 2008 after a pipeline broke a day ...

(AFP/File) — Thu, 14 Jan 2010 14:51:25 GMT

(AFP/File) - A frog is covered in oil in 2008 after a pipeline broke a day earlier in the side of the Reventador volcano, in Ecuador's Province of Napo. A plan to leave major oil reserves in Ecuador's Amazon basin untouched in return for a major international donation was in jeopardy Thursday after Foreign Minister Fander Falconi resigned.(AFP/File/Pablo Cozzaglio)

Russian Prime Minister Vladimir Putin (R) speaks with Turkey's ...

(AFP/POOL) — Wed, 13 Jan 2010 18:27:44 GMT

(AFP/POOL) - Russian Prime Minister Vladimir Putin (R) speaks with Turkey's Prime Minister Recep Tayyip Erdogan (L) in Moscow. Putin on Wednesday said Russia had won Turkey's backing for Moscow to build a key section of a new gas pipeline seen as a rival of an EU-backed project in Turkish waters.(AFP/POOL/Alexey Nikolsky)

Russian Prime Minister Vladimir Putin (L) greets Turkey's ...

(AFP/POOL) — Wed, 13 Jan 2010 18:27:44 GMT

(AFP/POOL) - Russian Prime Minister Vladimir Putin (L) greets Turkey's Prime Minister Recep Tayyip Erdogan (R) in Moscow. Putin on Wednesday said Russia had won Turkey's backing for Moscow to build a key section of a new gas pipeline seen as a rival of an EU-backed project in Turkish waters.(AFP/POOL/Alexey Nikolsky)

Russian Prime Minister Vladimir Putin looks on during a joint ...

(AP) — Wed, 13 Jan 2010 17:24:55 GMT

(AP) - Russian Prime Minister Vladimir Putin looks on during a joint press conference with Turkish Prime Minister Recep Tayyip Erdogan, not seen,, in Moscow, Russia, Wednesday, Jan. 13, 2010. Putin says Russia has received assurances that Turkey will by November give the green light to construct a gas pipeline under its sector of the Black Sea. (AP Photo/Alexander Zemlianichenko)

Russian Prime Minister Vladimir Putin, right, gestures as Turkish ...

(AP) — Wed, 13 Jan 2010 17:09:25 GMT

(AP) - Russian Prime Minister Vladimir Putin, right, gestures as Turkish Prime Minister Recep Tayyip Erdogan listens to him on during a joint press conference with in Moscow, Russia, Wednesday, Jan. 13, 2010. Putin says Russia has received assurances that Turkey will by November give the green light to construct a gas pipeline under its sector of the Black Sea. (AP Photo/Alexander Zemlianichenko)

Turkish Prime Minister Recep Tayyip Erdogan looks on during ...

(AP) — Wed, 13 Jan 2010 16:55:08 GMT

(AP) - Turkish Prime Minister Recep Tayyip Erdogan looks on during a joint press conference with Russian Prime Minister Vladimir Putin, not seen, in Moscow, Russia, Wednesday, Jan. 13, 2010. Putin says Russia has received assurances that Turkey will by November give the green light to construct a gas pipeline under its sector of the Black Sea. (AP Photo/Alexander Zemlianichenko)

Russian Prime Minister Vladimir Putin, right, shakes hands with ...

(AP) — Wed, 13 Jan 2010 16:35:39 GMT

(AP) - Russian Prime Minister Vladimir Putin, right, shakes hands with his Turkish counterpart Recep Tayyip Erdogan after their talks in Moscow, Russia, Wednesday, Jan. 13, 2010. Putin says Russia has received assurances that Turkey will by November give the green light to construct a gas pipeline under its sector of the Black Sea. (AP Photo/Alexander Zemlianichenko)

Gazprom employees, members of Russian Emergencies Ministry and ...

(Reuters) — Wed, 13 Jan 2010 11:53:54 GMT

(Reuters) - Gazprom employees, members of Russian Emergencies Ministry and soldiers work at the site of a bomb explosion at the Mozdok-Kazimagomed gas pipeline at its 496th kilometre (308th mile) in Russia's southern region of Dagestan January 13, 2010. The bomb destroyed part of a main gas pipeline in Russia's Muslim region of Dagestan, but supply disruptions are expected to be minimal, the regional division of Gazprom said. REUTERS/News Team/Abdula Magomedov (RUSSIA - Tags: CIVIL UNREST ENERGY)

A general view shows the site of a bomb explosion at the Mozdok-Kazimagomed ...

(Reuters) — Wed, 13 Jan 2010 11:50:46 GMT

(Reuters) - A general view shows the site of a bomb explosion at the Mozdok-Kazimagomed gas pipeline at its 496th kilometre (308th mile) in Russia's southern region of Dagestan January 12, 2010. The bomb destroyed part of a main gas pipeline in Russia's Muslim region of Dagestan, but supply disruptions are expected to be minimal, the regional division of Gazprom said. Picture taken January 12, 2010. REUTERS/News Team/Abdula Magomedov (RUSSIA - Tags: CIVIL UNREST ENERGY IMAGES OF THE DAY)

Burning natural gas erupts from an exploded pipeline in Russian ...

(AP) — Wed, 13 Jan 2010 10:05:16 GMT

(AP) - Burning natural gas erupts from an exploded pipeline in Russian southern Caucasus region of Dagestan on Wednesday, Jan. 13, 2010. An explosion damaged the pipeline Tuesday night leaving more than 200,000 people without natural gas supplies. (AP Photo/Abdula Magomedov)

Emergency Situations Ministry officers wait for burning natural ...

(AP) — Wed, 13 Jan 2010 10:04:58 GMT

(AP) - Emergency Situations Ministry officers wait for burning natural gas to finish in a pipeline in Russian southern Caucasus region of Dagestan on Wednesday, Jan. 13, 2010. An explosion damaged the pipeline Tuesday night leaving more than 200,000 people without natural gas supplies. (AP Photo/Abdula Magomedov)

VIDEO: Nigeria's rebel group MEND has declared "all-out ...

(AFPTV) — Tue, 12 Jan 2010 18:37:47 GMT

(AFPTV) - VIDEO: Nigeria's rebel group MEND has declared "all-out war" after recent clashes with security forces, and issued a fresh warning to foreign oil producers to pull out of their volatile southern region. Duration: 01:48(AFPTV)