World Oil & Gas news

Venezuela has sent a third shipment of diesel to Syria, the energy minister said on Friday, underscoring President Hugo Chavez's support of the Middle East country . (more…)

The European Union will impose tougher sanctions on Iran if it fails to take concrete steps to allay international concerns over its nuclear programme, British Foreign Secretary William Hague said on Monday. …

There was enough oil supply in the market to absorb the impact of international sanctions on Iran, Total chief executive said on Monday . (more…)

Brent crude held steady above $119 a barrel on Tuesday, with an expansion in Chinese manufacturing helping to counter gloomier economic outlooks from the euro zone and the United States that could depress fuel demand. …

Stocks fell at Wednesday's open, retreating from their biggest rally in a month in the previous session, while yields on Treasuries held steady as fears of a resurgence in the euro zone debt crisis boosted demand for safe-havens.…

Iran halted oil exports to Germany on Wednesday, a day after it stopped crude exports to Spain and Greece, according to Iran's official Press TV news network. The move appears to be an attempt to boost its position ahead of talks with…

JP Morgan said in a research report to clients on Thursday, 6 the end of the former Iran’s daily crude oil production will be reduced to 100 million barrels to 250 million barrels, the oil refining enterprises of the country’s…

Official says explosions and fire have shut down one of twin pipelines in southeastern Turkey that carries oil from Iraq to the Mediterranean. (more…)

Syria’s key supplier of heating fuel has halted deliveries due to European Union sanctions designed to punish the government for a year of bloodshed. (more…)

U.S. crude futures held near $105 a barrel on Tuesday, after gaining sharply in the previous session on better-than-expected manufacturing data from the U.S. and China, the world's two largest oil consumers. …