Latest news
U.S. imposes new tighter sanctions on Iran’s oil
Obama administration has unveiled new sanctions against foreign banks, as well as on firms that help Iran sell its oil, as Iran is refusing to answer international questions about its nuclear program.
read more... 02/08/2012
Daily: UK gas prices jump on lower imports from Norway
Brent crude was standing steady above $103 per barrel on Tuesday on hopes of more policy measures by central banks to stimulate global economic growth ahead of U.S. Federal Reserve Chairman Ben Bernanke's testimony.
read more... 17/07/2012
Daily: Brent declines as central banks stimulus failed to alleviate investor concerns
Brent crude futures eased more than $1 on Friday to below $100 per barrel as stimulus actions by central banks hesitated to alleviate investor concerns about the demand outlook for commodities.
read more... 06/07/2012
EU ban on Iranian oil
EU foreign ministers decided on 23 January 2012 to ban new contracts to import petroleum and petroleum products from Iran and to end existing contracts by 1 July 2012. On 17 March 2012, the SWIFT electronic banking network, the world hub of electronic financial transactions, ordered to disconnect all Iranian banks from its international network that had been identified as institutions in breach of current EU sanctions.
read more... 20/03/2012
Iran to cut off oil supplies to six European countries
Iran warned six European countries that it might hit first by immediately cutting them off from Iranian oil, in response to the recent sanctions imposed by the European Union against its energy and banks.
read more... 16/02/2012