MUMBAI: Oil, which touched $124 a barrel mark on Friday, appears set to touch a new record and breach the $150 mark on mounting Iran crisis.

New Delhi To serve the expected addition in refining capacity and to partly replace any shortfall in crude oil supplies from Iran, India has sought an additional 5 million tonne of crude oil from Saudi Arabia. India has also sought investments from Saudi firms in its new petrochemical and refinery projects.

“We have sought 5 million tonne extra crude oil from Saudi Arabia for 2012-13,” minister of state for petroleum and natural gas R P N Singh said here after holding discussions with the visiting assistant minister for petroleum affairs Abdul Aziz Bin Salman bin Abdulaziz.

Germany's Centrotherm Photovoltaics, the world's second-largest manufacturer of solar photovoltaic (PV) equipment, has signed an agreement with IDEA Polysilicon to construct a polysilicon solar PV

King Abdullah's Relief Campaign for Pakistani People will provide funds amounting to US $120,000 to Helping Hand for Relief and Development (HHRD) with the purpose to install water pumps and filtra

Talk of a Middle Eastern green energy boom is likely to prove no more than a mirage with little hope of the region saving clean technology companies from the shrinking project pools of Europe.

Under growing pressure from the United States, some of Asia’s largest economies are reluctantly looking for options to reduce the amount of oil they buy from Iran, a move that would further tighten

Spanish venture is as big as 210 football pitches and has 600,000 mirrors. But there’s a dark side

Toronto Canada pulled out of the Kyoto Protocol on climate change, saying the accord won’t help solve the climate crisis. It dealt a blow to the anti-global warming treaty, which has not been formally renounced by any other country.

Environment minister Peter Kent said Monday that Canada is invoking its legal right to withdraw and said Kyoto doesn't represent the way forward for Canada or the world.

The Canadian government gave Total SA approval on Thursday to start construction on its C$9 billion ($8.9 billion) Joslyn North oil sands project in Alberta, marking the fifth mining development in

A flagship green climate fund aimed at channelling billions of dollars to help poor countries tackle global warming has been put on ice at the Durban climate summit as a growing number of countries