India apprehensive Iran sanctions could boost oil, inflation
U.S. sanctions on Iran could boost oil prices and inflation to a point that hurts the common person in India, the country’s ambassador to the United States said on Tuesday Continue Reading
The Next Flashpoint In This Emerging Energy Hub
The Eastern Mediterranean is quickly turning into an energy hub due to the discovery of significant gas resources in recent years. Egypt, for example, has already started production at its Continue Reading
Asian Importers Step Up Iranian Oil Purchases Before Waivers End
The biggest oil importers in Asia collectively bought 1.57 million bpd of oil from Iran in March, a 36-percent surge over February, as buyers rushed to use up the U.S. Continue Reading
The debate behind Trump’s move to tighten Iran oil sanctions
U.S. President Donald Trump’s unexpected decision to ban all Iranian oil purchases after May 1 – ending exemptions for eight nations – came after hawkish economic and security advisors allayed Continue Reading
Iran’s Rouhani says U.S. oil sanctions will fail in practice
Iranian President Hassan Rouhani reiterated on Wednesday that Tehran will continue selling its oil despite U.S. sanctions and said Washington’s policy of putting pressure on Iran would fail in practice. Continue Reading
Iran says U.S. sanctions on its oil industry will damage market stability
U.S. sanctions against Iran’s oil industry will damage the stability of global oil markets, a senior Iranian official was quoted as saying on Monday. “These sanctions are an example of Continue Reading
Boxed in: $1 billion of Iranian crude sits at China’s Dalian port
Some 20 million barrels of Iranian oil sitting on China’s shores in the northeast port of Dalian for the past six months now appears stranded as the United States hardens Continue Reading
Iran to keep exporting crude oil despite U.S. pressure: Iran president
Iran will continue to export oil despite U.S. pressure aimed at reducing the nation’s crude oil shipments to zero, Iran President Hassan Rouhani said in a speech broadcast live on Continue Reading
‘Our water pollution is a cancer’
Iraq is facing a water crisis. Last summer the city of Basra fell sick. More than 100,000 people were rushed to hospital after being poisoned by the city’s water supply. Continue Reading
U.S. sanctions on Iran, Venezuela set up crunch for heavier oil
Tighter U.S. sanctions on Iranian oil planned for May are adding to a wealth of factors curbing the global supply of heavy-medium crude, driving up prices for scarcer barrels and Continue Reading