World Oil & Gas news

Iran has threatened to stop exporting oil to more European countries - Germany, Spain, Italy, Greece, Portugal and the Netherlands - if they continue to take actions directed against Tehran, Al Arabiya reported on Monday. …

The European Union could cope with an abrupt halt by Iran of its oil exports to the region as buyers of Iranian oil are already adjusting to the EU's forthcoming ban on Iranian shipments, an International Energy Agency official said on…

Brent crude rose on Monday to above $121 a barrel, the highest in eight months, as Iran halted exports to British and French companies ahead of a European Union embargo, while policy easing by China and hopes for a Greek bailout also buoyed…

Iran has halted oil shipments to Britain and France, the Oil Ministry said Sunday, in an apparent pre-emptive blow against the European Union after the bloc imposed sanctions on Iran's crucial fuel exports. …

Brent crude reversed earlier gains and drifted below $119 on Thursday after hitting multiple-month highs in the previous day as fears of a delay in a second bailout package for Greece weighed down global markets. (more…)

Iran's Oil Ministry denied state media reports on the Islamic state stopping its crude exports to six European countries on Wednesday. (more…)

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.…

World oil prices rose Monday amid reports of the Greek parliament's approval of a loan agreement with the European Union. (more…)

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. (more…)

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…