Articles from the author

The UAE yesterday voiced concern at the delay in settling ensuing questions of the Iraqi case since 12 years and pleaded with the international community to activate pre-emptive diplomacy to avoid a third Gulf war that will have grave consequences.

International Business Machines Corp is building for Shell a supercomputer-scale cluster of Linux computers, the largest such installation in the world, marking IBM's progress in moving the alternative system into mainstream commercial work.

The United Arab Emirates told the UN Security Council of its rejection to any non-peaceful solution of the Iraqi crisis and called for enforcing the weapons inspection in Iraq as the sole alternative to war.

'I love sitting quietly in a room by myself, imagining things'

17 anti-war protesters held

U.S. cash crude prices gainNew York

Worldwide offshore rig utilization hit a fresh two-year high the week ending March 23, according to ODS-Petrodata Group. Global rig utilization climbed 0.5 percent to 88.0 per cent, due to a three-rig net increase in contracted rigs, ODS-Petrodata reported. Of the world's 649 offshore rigs, 571 are under contract.

Foreign oil companies are likely to gain more freedom to invest in Iraq's oil industry from so-called smart sanctions the U.S. and Britain are pushing to introduce, UN diplomats said yesterday.

Phillips Petroleum Co said late Sunday it would buy refining and marketing company Tosco Corp in a $7 billion stock deal aimed at transforming Phillips into a stronger integrated oil company.

Pertamina, Indonesia's state owned oil and gas company, said yesterday it has agreed to sell natural gas valued at $9 billion to Singapore.

Differentials for cash grades surged in the U.S. domestic crude market yesterday as the October/November spread remained under pressure, traders said.

Michael Kors closing