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Italian oil refineries at risk after Iranian oil embargo
The EU sanctions imposed on oil imports from Iran could drive to the closure of some Italian oil refineries, which are the most vulnerable refineries to closure in Europe, according to European oil industry sources.
read more... 06/02/2012
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
Daily – U.S. oil above 99 dollars a barrel
U.S. crude oil settled over 99 dollars a barrel on Monday sustained by the shutdown of oil output in South Sudan and worries the OPEC member Iran could soon stop its exports. NYMEX crude for March delivery traded one cents up at 99.57 dollars a barrel by 00:02 GMT.
read more... 30/01/2012
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