Quoted: Iran, OPEC's second-largest producer, has stopped conducting oil transactions in U.S. dollars, a top Oil Ministry official said Wednesday, in a concerted attempt to reduce reliance on Washington at a time of tension over Tehran's nuclear program and suspected involvement in Iraq.

Quoted: rude oil rose to $100 a barrel for the first time in New York as record global fuel consumption threatens to outpace production.

Worth reading if you have investments in energy....

Quoted: Do you agree with those like BP's John Browne who see prices falling to $40, or even $25 to $30 a barrel in the long run?We don't give the precise figures. But we do believe that future prices will be significantly lower than today.

Quoted: With the recent discovery of sizeable oil reserves off the coast of Cuba, a growing chorus of experts say the United States will pay a price for maintaining its 45-year trade ban with the communist nation.