Scottish Labour shadow finance secretary Jackie Baillie accused the SNP government yesterday of “cooking the books” on oil price forecasts.
Ms Baillie demanded a new Scottish Office for Budget Responsibility (OBR) to be set up to monitor public finances.
Monday 19th Jan 2015
posted by Malcolm Burns in Britain
Wednesday 14th Jan 2015
posted by Morning Star in World
Iran and Venezuela vowed at the weekend to work together to stabilise falling global oil prices that have plunged more than 55 per cent since June to less than $50 (£33.13) a barrel.
With Venezuelan President Nicolas Maduro by his side, Iranian President Hassan Rouhani urged...
Monday 12th Jan 2015
OIL giant Shell came to a settlement in London today agreeing to pay a Nigerian fishing community £55 million in compensation for the worst oil spill in the country’s history.
Two spills in 2008 destroyed vast...
Wednesday 7th Jan 2015
VENEZUELAN President Nicolas Maduro flew to China today to discuss financial assistance in the wake of a halving of the price of oil in the past six months.
Before leaving Caracas, Mr Maduro said that he would talk about...
Monday 5th Jan 2015
Monday 22nd Dec 2014
posted by Morning Star in Britain
OFFSHORE union RMT outlined a five point “crisis management” plan yesterday to rescue British jobs and infrastructure in the wake of the oil price slump to under $60 (£38.40) a barrel.
As politicians at...
Saturday 20th Dec 2014
Behind this week’s historic rapprochement is a fear that the US will miss out on an economic bonanza as Cuba joins the ranks of the oil-producing nations. STEVEN WALKER reports
posted by Morning Star in Features
Mexico’s government announced the start of bidding for oil exploration rights in 14 areas of the Gulf of Mexico on Thursday.
Opening the bidding to domestic and international companies marked the end of a seven-decade state oil monopoly.
Mexico nationalised its oil...
Saturday 13th Dec 2014
Friday 14th Nov 2014
posted by Paddy McGuffin in Britain