Iran Oil Export Halt: Oil Ministry Denies EU Oil Stop
Iran’s Oil Ministry denied state media reports on the Islamic state stopping its crude exports to six European countries on Wednesday.
World Oil & Gas news
Iran with 155 billion barrels of recoverable oil
The National Iranian Oil Company’s managing director Ahmad Qalebani says private sector will participate in upstream activities including development of oil and gas fields based on fifth five year development plan’s rules.
Oil prices to 108 $ on EU-Greece loan agreement
World oil prices rose Monday amid reports of the Greek parliament’s approval of a loan agreement with the European Union.
IEA estimates Iran sanctions already shifting oil trade patterns
Sanctions on Iran are already hitting global oil flows even though a European ban on imports from the Islamic Republic does not come into effect until July, the International Energy Agency (IEA) says.
Wednesday oil prices hit the $ 100 mark to close at $ 98.17
Financial new network ( micro-blog )] ((MarketWatch) -, Claudia Assis, V. Phani Kumar,,) Wednesday (February 8th), , New York Mercantile Exchange, light sweet crude for March delivery rose 30 cents, or 0.3 percent, to close at each 98.71 U.S. dollars a barrel.
3rd Massive Natural Gas Field Discovered near Israel
An American-Israeli drilling consortium on Sunday announced the discovery of a new Mediterranean natural gas field about 120 km northwest of the Haifa coast.
Iran asks OPEC states not to raise oil output
Iran has asked OPEC members not to raise oil production to compensate for a European Union embargo against the Islamic republic, Oil Minister Rostam Qasemi said on Saturday.
India won’t cut Iran oil imports
India has joined China in saying it will not cut back on oil imports from Iran, despite stiff new US and European sanctions designed to pressure Tehran over its nuclear programme.
Iran says oil may hit $150/bbl on EU ban
Oil prices could rise as high as $150 a barrel because of the European Union ban on imports of Iranian crude, the country’s deputy oil minister was quoted as saying by the official IRNA news agency on Sunday.
Iran Oil Export Halt Could Raise Crude by 30%
The International Monetary Fund says the nations that would set sanctions against Iran’s oil exports will pay for their convictions with crude prices that could rise as much as 30%. Brent crude would be pushed to more than $140 a barrel. The shock of the increase could knock the global economic recovery, such as it is, off of its axis.
