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EU Allows Iran Oil Insurance For Now
The European Union agreed on Friday to exempt until July 1 some insurance on Iranian oil shipments headed for…
Oil Price May Arouse Global Recession: IEA
High oil prices are the biggest risk to the global economy and may cause a recession, the Financial Times quoted…
16.4 Mln Barrels of Crude Oil Produced in 2011: Turkey
Turkish Energy & Natural Resources Minister Taner Yildiz said that the production met 7-9 percent of total…
Israel Exports Egyptian Gas To Go To Russia
Under the headlines of “Gazprom is Getting Israel’s Gas”, Russian newspaper has mentioned on Saturday that Israeli…
Euro Depreciates 0.5 Percent to $1.3153
The euro weakened against the dollar after a report showed German factory output unexpectedly contracted this…
Turkish Shipment of Diesel to solve the Market’s Shortage
The Liberian vessel “Vidias” arrived at Alexandria port today, as coming from Turkey with a shipment of about…
Gold Sluggish amid China Factory Activity Shrinks
Gold prices were little changed on Thursday, hovering around US$1,650 an ounce, as investors weighed a recent…
Indian Rupee Falls to Two-Month Low
The Indian rupee fell for a fourth consecutive session this morning, falling to its weakest level in eight weeks,…
Brent Falls Below US$124 On China Manufacturing Data
Brent crude dropped below US$124 a barrel on Thursday, after weak Chinese manufacturing data sparked concerns that…
Kuwait And Japan Eye New Energy Cooperation
Kuwaiti Oil Minister Hani Hussein and a top official of Arabian Oil Company, Ltd., on Tuesday agreed to explore new…
