Tag - iran
Oil prices are surging incessantly, thanks to political mishmash among the oil producers.
Currently, oil is available at $75.57 a barrel and it is highly anticipated that very soon it will cross the three digit marks. The Goldman Sachs Group has...
Iranian oil minister asserts that OPEC won't release more oil into the market ahead of its next policy meeting in September as markets have sufficient crude oil reserve, whereas Saudi Arabia decides to keep its shipment volumes steady.
Iranian...
Soaring oil prices seem to break all previous records when the market witnessed a nine-month high near US$72.
This recent surge is apparently pushed by a strike threat in Nigerian oil field and a mounting pressure for imposing tougher sanctions...
Increasing oil prices are forcing consumers to lose the weight of their pockets. Two consumer groups unveiled that in 2006 U.S. families paid $1,000 more on average for gasoline than in 2001, as higher oil prices ate up a hefty portion of the income....
The much debated 'gas OPEC' is not expected to be formed during the Qatar-host Gas Exporting Countries Forum (GECF) starting from Monday. However, discussions of such a cartel seem to be on top agenda of the meeting. The Doha meeting, the sixth...
Oil prices shot up once again on Tuesday as the United States and its allies maintained pressure for tougher sanctions to curb Iran's nuclear program. Oil prices reached as much as $62.16 per barrel in London and $62.65 in New York. At the same...
Cold weather and snow across much of the US have forced oil prices to a fresh one-month high near $59.95 a barrel and forecasters said temperatures would stay below normal for at least the next ten days, boosting heating demand.
The oil prices...
Qatar schedule to host the meeting of major Gas Exporters countries in April, which has 14 member and hold 70 percent of the total world's reserves, aims to shape another group along the lines of the Organization of Petroleum Exporting Countries...
Russian president Vladimir Putin has recently indicated that Russia is interested in creating a 'gas OPEC' to organize supply activity and to ensure energy security. However, despite Putin's insistence that the organization will not be a cartel...
Malaysia has threatened to withdraw from ongoing free trade talks with the United States is it is pressurized to scrap an energy development deal with Iran. Recently, Malaysia had struck a $16 billion deal to develop Iranian Gas fields and build...
Grappling over oil politics is relentless in this world. In a new twist in the game, at one hand U.S. and other oil-consuming nations have requested OPEC, which produces almost 40 percent of the world production, to expand out put to ease the world...
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