Gas exporting states agree Qatar-based 'gas OPEC' MOSCOW (AFP) - Gas exporting states on Tuesday finalised the creation of a new Qatar-based forum aimed at coordinating gas policy that consumer countries fear could become the gas equivalent of oil cartel OPEC. Oil jumps above $140 on OPEC, Libya comments NEW YORK - Oil futures shot above $140 Thursday after OPEC's president said crude prices could rise well above $150 a barrel this year and Libya said it may cut oil production. The advance raised the likelihood that gasoline prices would also extend their march higher, and that prices of goods and services throughout the economy would also keep rising. Dirt Starts Flying in South Carolina It's always surprising when John McCain has nothing to say. But there he was on the back of his campaign bus Friday, unable or unwilling to discuss the merits of his rival for the presidential nomination in South Carolina, Mike Huckabee.
Italy apologises to Libya for colonial era damage BENGHAZI, Libya (AFP) - Italian Prime Minister Silvio Berlusconi on Saturday apologised to Libya for damage inflicted by Italy during the colonial era and signed a five-billion-dollar investment deal by way of compensation.