Latest news
Iran cuts off oil supplies to UK and France
Iran’s top oil buyers in Europe announced that they are making substantial cuts in oil supply just some months in advance of European Union sanctions. Reducing oil flows to the continent will start in March and will imply cutting off more than a third of supply or over 300, 000 barrels per day.
read more... 20/02/2012
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
Daily- Brent firmer on Iran’s threats to cut off oil supplies to Europe
Brent crude oil futures opened Thursday’s session above $117 a barrel on hopes of demand growth revival as Greece inches closer to getting its debt crisis under control and Iran’s new threats to cut off oil supplies to Europe. Front-month Brent added 61 cents to $117.81 a barrel by 1014 GMT, rising for an eighth straight day.
read more... 09/02/2012
Is Europe well supplied with gas to overcome the cold snap?
Gas supplies to the frozen European Union from Russia improved at the weekend but have not fully recovered, the European Commission said, as Italy convened a crisis committee to handle what it called critical shortages of Russian gas.
read more... 08/02/2012
Russian gas supplies returning to normal levels in the most European states
Russian gas flows to Bulgaria, Slovakia, Austria, Hungary, Poland and Greece have been reinstated to normal volumes over the weekend, while the gas deliveries to Romania, Germany, and Italy are increasing, European Commission press secretary Marlene Holzner said on Monday.
read more... 07/02/2012