Latest news
Iran halts oil supplies to Spain
Iran has cut oil supplies to Spain and it is possible to suspend exports to Germany and Italy, according to official Iranian television in English, PressTV reported Tuesday.
read more... 11/04/2012
Bulgaria gives green light to South Stream project
Following a meeting on 30 March between the head of the Russian energy giant Gazprom, Alexey Miller and Bulgaria’s newly appointed Minister of Energy and Economy Delian Dobrev, it was announced that the final investment decision on the construction of the South Stream pipeline, aimed at ensuring direct supplies of natural gas from the producer to the consumer, will be taken by 15 November.
read more... 04/04/2012
Iran continues to revenge halting oil supplies to other European countries
After having halted the oil supplies to France, Britain, Iran has also decided to stop oil exports to Belgium, the Czech Republic and the Netherlands, as reported the local media Mehr News Agency on Monday.
read more... 07/03/2012
Iran threats to halt oil supplies to more European countries
Iran has threatened to extend the oil embargo put on France and Britain to other European countries, if they continue to take actions directed against Tehran, Al Arabiya reported on Monday.
read more... 23/02/2012
Daily – Brent crude down after gaining four straight days
U.S. crude futures closed the session higher for a third consecutive day on Friday extending gains for a second week and settling the utmost settlement since May 2011 on hopes of economic improvement, fears over Iranian supplies and hopes that Greece will secure a bailout by next week. NYMEX crude for March delivery traded at 103.24 dollars a barrel, adding 93 cents.
read more... 20/02/2012