Saudi Arabia Determined To Push Down Oil Prices: Naimi
Top oil exporter Saudi Arabia is determined to bring down high oil prices and is working with fellow OPEC members…
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International Energy Agency
Iran Cuts Crude Export to Spain
Tehran has cut oil supply to Spain after stopping crude export to Greece as part of its countersanctions, unnamed…
Turkey to cut Iran Oil Imports By a Tenth
Turkey said on Friday it will cut imports of oil from Iran by a tenth, ceding to US pressure a week after…
Sanctions Could Cost Iran $ 50 Bln
Iran’s oil revenue could halve. Top buyers are moving to cut imports of crude from the Islamic Republic amid a…
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…
Iraq is capable of producing 6.5mbpd of crude oil by 2015
International Energy Agency said on Wednesday that Iraq is capable of more than doubling its crude oil production…
Oil prices tumble on European debt concern
Oil prices fell Friday with a critical bailout plan for Greece’s economy in limbo, again raising the specter of…
