Latest news
Iranian oil embargo may trigger an economic recession in Europe
According to the CNBC reports, analysts warned on Friday that oil prices could significantly increase and they would be difficult to keep under control if the European Union will follow the U.S. in banning Iranian oil imports.
read more... 09/01/2012
Daily – oil up on EU deal to ban Iranian crude
Crude oil futures increased on Wednesday on news that European Union came to a preliminary agreement to ban imports of Iranian crude oil, rising tensions between Tehran and the West over Iran’s nuclear program.
read more... 05/01/2012
Daily – crude oil prices up on intensified worries about supply disruptions
U.S. and ICE Brent crude futures ended higher on Tuesday, having set the utmost level since the middle of November, as tensions between Iran and the West intensified worries about supply disruptions, while positive economic data provided optimism about the global economy.
read more... 04/01/2012
Daily – oil up over 1 dollar on rising tensions between Iran and the West
Crude oil prices increased over one dollar on Tuesday on fears that rising tensions between Iran and the West could lead to a disruption in oil supplies. By 23:06, NYMEX crude for February delivery traded at 100.30 dollars a barrel, up 1.47 dollars, while by 01:02 GMT, ICE Brent crude for February delivery traded at 108.38 dollars a barrel, up 1 dollar.
read more... 03/01/2012
Daily- Brent to end the year at a record high average
Brent crude futures are set to end the year up 14% at a record high annual average following U.S. positive data indicating a recovery in its economy and Iran’s threats to halt the Strait of Hormuz, which is a vital route for the circulation of tankers.
read more... 30/12/2011