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UAE delays oil pipeline launch
Iran is currently poised to stop the flow of oil from the Gulf. Against such a canvas, the UAE’s delay for the strategic oil pipeline that will bypass through the Straits of Hormuz, has added to the oil supply worries. … Continue reading →
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Top U.S. Republican lawmaker: Saudi Arabia has enough oil to make up for Iran
Ha'aretz
2012-01-14
Saudi Arabia says it has enough oil output capacity to meet global customers' needs if new sanctions keep Iran...
 
China oil firm sanctioned by US denies sales to Iran
Jakarta Globe
2012-01-14
A Chinese oil firm which the United States placed sanctions on saying it was the largest seller of refined petroleum products to Iran has denied the claim as "fiction", state-run media said Saturday....
 
Oil futures fall on European credit rating downgrades
The Australian
2012-01-14
CRUDE oil futures fell overnight in tandem with a slumping euro after Standard and Poor's said it would downgrade France's credit rating, adding new fears about Europe's economy. The...
 
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A motorist fuels up at a Chevron station in San Jose, Calif., on Monday, Jan. 5, 2009. Chevron Corp. said Friday, Jan. 30, 2009, it earned $4.9 billion in the fourth quarter though revenues plunged 26 percent with oil prices in sharp decline. (AP Photo/Marcio Jose Sanchez)
Oil price below $99 on Europe downgrade concerns
my SA
2012-01-14
NEW YORK (AP) — Oil prices finished lower Friday on fresh concerns about Europe's economy as credit ratings agency Standard & Poor's downgraded France, Austria and other European...
 
President Barack Obama and Britain's Prime Minister David Cameron stand together on stage after a joint news conference at Lancaster House in London, Wednesday, May 25, 2011.
Cameron warning to Iran: British will use force to defend key oil lifeline
The Daily Mail
2012-01-14
David Cameron threatened Iran with military action if it blocks the Straits of Hormuz David Cameron threatened Iran with military action yesterday if the regime blocks the Straits of Hormuz –...
 
Straits of Hormuz.
US warns Iran over blocking oil strait: Report
The Times of India
2012-01-13
SHARE AND DISCUSSTweet WASHINGTON: The United States has used a secret channel to warn Iran's leaders against closing the strategic Strait of Hormuz, saying that doing so would provoke a US response,...
 
Raymond Pereyra, of Attleboro, Mass., pumps gas at the Ell-Bern service station, Tuesday, March 10, 2009 in Boston. Crude prices gave up early gains after the government again lowered its forecast for global energy demand Tuesday and said average oil prices for this year will likely be below current levels on average. (AP Photo/Lisa Poole)
Why Oil Prices Are About to Collapse
Business Insider
2012-01-13
All is not as it appears in the global oil markets, which have become entirely dysfunctional and no longer fit for its purpose,...
 
A police officer stands guard as people protest following the removal of a fuel subsidy by the government, in Lagos, Nigeria, Thursday, Jan. 12, 2012.
Union threatens oil production shutdown in Nigeria
Ohio
2012-01-13
LAGOS, NIGERIA: A major union threatened Thursday to stop the beating heart of Nigeria’s economy — crude oil production — as part of a nationwide strike and protests gripping...
 
Angry youths protest in front of the National television station on fourth day of the nationwide strike on the removal of a fuel subsidy by the government in Lagos, Nigeria
Nigeria oil union threats shutdown amid strike
Denver Post
2012-01-12
LAGOS, Nigeria—A union representing 20,000 oil and gas workers in Nigeria threatened Thursday it would shut down all production starting Sunday to take part in the crippling nationwide strike...
 
U.S. Treasury Secretary Timothy Geithner, left, speaks as his Japanese counterpart Jun Azumi listens during a joint press conference in Tokyo, Thursday, Jan. 12, 2012.
Japan to reduce oil imports from Iran
Zeenews
2012-01-12
Tokyo: Japan will start to reduce oil imports from Iran in support of US sanctions against Tehran over its nuclear program, Finance Minister Jun Azumi said on Thursday after meeting with US Treasury...
 

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