Iran
Iran Articles
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 in the late...
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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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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 enrichment program...
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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 existing and...
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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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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 views the...
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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 likely. Other contenders...
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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 hard currency for its...
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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 exports and the...
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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 in...
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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 has adopted a July...
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