US to Impose Fresh Oil Sanctions on Iranian Oil Buyers
US President Barack Obama has approved the introduction of fresh sanctions on buyers of Iranian oil. In a…
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Iran
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…
Kuwait’s Crude Oil Exports to China Jump 49.8%
Kuwait's crude oil exports to China jumped 49.8 percent in February from a year earlier to 962,000 tons, equivalent…
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…
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…
Halting Oil Purchase from Iran is out of Question: Turkey
Turkey Energy Minister Yildiz Tanner says his country will continue to buy Iran’s crude oil unless new supply…
Kuwaiti Oil Prices Down 80 Cents
The price of Kuwaiti crude dropped 80 cents to settle at USD 122.60 per barrel on Tuesday, in comparison to USD…
Syrian imports of major weapons increased significantly
Syria increased its imports of heavy weapons by 580%, in the period between 2002 and 2011. Syria in recent years…
Iran to enhance Air Defense Capabilities
Iran will develop its air defense potential in proportion to the enemy’s capabilities, says a commander at the…
Saudi Oil Sales to U.S. jump
Saudi Arabia is preparing to extend this year's unexpected jump in oil sales to the United States, adding to…
