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Posts related to ‘Iran’

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Earthquake Strikes Iran

Posted: April 9, 2013 at 9:15 am

The U.S. Geological Survey is reporting a magnitude 6.3 earthquake about 89 kilometers southeast of the Iranian city of Bushehr, the site of that country’s main nuclear energy development effort. ...
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Glencore May Have Aided Iran Nuclear Program — Reuters

Posted: March 1, 2013 at 8:05 am

For more than a year now, the big story about Glencore International Ltd. has been its effort to take over mining company Xstrata. But an exclusive report at Reuters today ...
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Iran Sanctions Cut Oil Exports 40%

Posted: January 7, 2013 at 11:37 am

The government of Iran has long held that the U.S. and European sanctions being imposed on the country have had little impact on the Iranian economy. But in a report ...
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Saudis Reopen Pipeline Bypassing Strait of Hormuz — Reuters

Posted: June 28, 2012 at 12:52 pm

Although the tensions between Iran and the US and Europe have relaxed somewhat in the past couple of months, not everyone is taking for granted that a long-term solution to ...
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Crude Shakes Off Gains; India Cancels Iran Shipments

Posted: June 11, 2012 at 2:17 pm

The $125 billion bailout of Spain’s banks put some life in US stocks this morning, and boosted Brent crude prices to more than $102/barrel before tumbling back to below $98/barrel ...
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OPEC Crude Output at Three-year High

Posted: May 29, 2012 at 10:48 am

The Organization of Petroleum Exporting Countries (OPEC) produced an average of 31.8 million barrels/day of crude in May, the cartel’s highest level of production since September of 2008 and about ...
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Iran Talks Fail, Another Meeting Scheduled

Posted: May 25, 2012 at 8:09 am

Negotiations between Iran and the P5+1 -- the US, the UK, France, China, Russia, and Germany -- ended in failure yesterday. The six-nation team sought an end to Iran’s nuclear ...
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Talks on Iran Sanctions, Nuclear Development Not Yet Productive

Posted: May 24, 2012 at 9:25 am

Negotiations in Baghdad between Iran and the P5+1 nations -- the US, the UK, France, China, Russia, and Germany -- over the continued development of Iran’s nuclear program and the ...
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Nuclear Agency Deal with Iran Cuts Crude Price

Posted: May 22, 2012 at 7:26 am

The International Atomic Energy Agency (IAEA) and the government of Iran have agreed to a new inspection plan that gives the IAEA access to previously closed Iranian nuclear development facilities. ...
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Crude Oil Prices Could Move Lower

Posted: April 25, 2012 at 2:19 pm

Analysts at Goldman Sachs have noted that Saudi Arabia has increased its crude oil inventories by 34.5 million barrels in the three-month period from December 2011 to February 2012. Goldman ...
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Biggest Threat to US Economy? Oil Price Spike Caused by Iran

Posted: April 11, 2012 at 12:09 pm

When 18 economists were asked to name the biggest threat to the recovering US economy, 9 answered that an oil price spike caused by a US-Iran confrontation is the most ...
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Iran Trading Oil for Junk

Posted: March 30, 2012 at 7:59 am

The Islamic Republic of Iran has been forced to begin trading its oil for goods as the US-led imposition of sanctions make it increasingly difficult for the country to obtain ...
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Lower Iranian Crude Shipments Push Prices Sharply Higher

Posted: March 23, 2012 at 10:58 am

Just before 10:00 a.m. this morning, Reuters published a story reporting that Iranian crude oil exports have fallen by 300,000 barrels/day in March. That’s a drop of 14% in Iran’s ...
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What Happens if Iran Does Close the Strait of Hormuz? $440 Oil?

Posted: March 5, 2012 at 12:28 pm

As Iran continues its tough talk about US-led sanctions against the country’s oil and banks, the Islamic Republic’s threatened closure of the Strait of Hormuz remains the most potent weapon ...
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Iran Walks Back Crude Oil Cut-off Threats

Posted: February 6, 2012 at 7:27 am

Iran’s oil minister said over the weekend that if the country does cut off oil shipments to Europe, the cuts would be directed only at “hostile” nations. The European Union ...
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