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India and China Refuse to Cut Iran Oil Imports
Iranian oil technician Majid Afshari, right, and coworker Ebrahim Mehrjouei work at the oil separator facilities in Azadegan oil field, some 480 miles (800 kilometers) southwest of the capital,...
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Increase in African Oil Imports After Iran Sanctions
Imports of West African crude oil are the highest ever recorded, after the Iran oil embargo cut supplies of oil from Tehran to Beijing. The first quarter reflects the effects of the oil sanctions as...
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Oil May Soon Top Asia’s Worry List
Creative Commons/Trevor MacInnis High oil prices are fast becoming a grave concern for a threat to the growth of economy in Asia. This threat promises to smother consumer demand while also forecasts...
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Oil Drops to 5-Month Low Near $94 a Barrel
The prices on oil declined to near $94 a barrel in Asia adding a two-week sell-off, which marked a record decrease in five months in the mid of rising concern about Europe’s debt crisis. At midday...
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China Calls for Growth and Iran Talks Driving Oil Prices
Oil prices in New York traded near three-day high after China’s premier Wen Jiabao asked to put in more efforts to boost the nation’s economy and speculations over Obama administration hardening its...
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US Exempts India and 6 Others from Iran Oil Sanctions
Creative Commons/Trevor MacInnis US government granted exemptions to India along with 6 other countries including Malaysia, South Africa, Sri Lanka and Taiwan from Iran Oil Sanctions. The US government...
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Oil Price Ascends Slightly
On 17th May 2012, the prices on oil climbed about $89 a barrel in Asia. However, China and the United States are trying to step forward to strengthen their economies. At midday Bangkok time in...
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Texas Oil Lands May Soon be Operating Under Chinese Ownership
Creative Commons/Trevor MacInnis A Chinese real estate developer and investment firm has made it obvious they are interested in taking a piece of the potential profit of the oil-rich lands in Texas....
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