Latest news
Iran: EU oil embargo may hike oil prices to $150
The world oil prices could hit $150 a barrel due to the European Union ban on imports of Iranian crude, the Iran’s deputy oil minister declared on Sunday.
read more... 02/02/2012
Australia to support EU ban on Iranian oil
Australia will adopt the same position as EU concerning the ban of Iranian oil imports, in n a sign of protest against the Islamic republic's unacceptable nuclear program, the Foreign Affairs Minister, Kevin Rudd, says.
read more... 25/01/2012
Daily – oil up on EU deal to ban Iranian oil imports
U.S. and Brent crude oil futures increased on Monday as an agreement among EU states to forbid the imports of Iranian oil by July 1 prompted renewed threats by Iran to close the main Strait of Hormuz oil shipping artery. NYMEX crude for March delivery traded at 99.58 dollars a barrel, gaining 1.25 dollars after a trading range between 97.40 and 100.24 dollars. ICE Brent crude for March delivery traded at 110.58 dollars per barrel, up 72 cents after a trading range from 109.23 to 111.36 dollars.
read more... 24/01/2012
Iran faces tougher EU oil sanctions
Europe will announce new oil sanctions on Iran on Monday, involving the ban on Iranian oil imports and also a restriction of Iran’s exchanges in gold and precious metals.
read more... 23/01/2012
Ukraine to cut the amount of natural gas imports from Russia
The Ukrainian Prime Minister Mykola Azarov declared that Ukraine refuses to pay for large volumes of gas from Russia, as set out in current contracts, ahead of continued negotiations with Russia, as Kiev considers them as unfair.
read more... 20/01/2012