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  • Lukoil-led group wins Iraq oil block bid

    Lukoil-led group wins Iraq oil block bid

    Lukoil leads group on bid for key oil block; First, second day see few tenders; Iraq plans fifth energy bidding round

    May 31, 2012 5:41
  • OPEC-output-hits-new-high

    OPEC basket price down to $102.75 on Wednesday

    The reference basket comprises 12 crudes: Algeria's Saharan Blend, Angola's Girassol, Iran Heavy, Iraq's Basra Light, Kuwait Export, Es Sider from Libya, Nigeria's Bonny Light, Qatar Marine, Saudi Arabia's Arab Light, Murban from the UAE, Venezuela's Merey and Oriente from Ecuador.

    May 31, 2012 5:40
  • Egypt's EFG defends executives against graft charges

    Egypt’s EFG defends executives against graft charges

    The Qatar-based directors of Syria International Islamic Bank (SIIB) resigned their roles at the behest of the Gulf Arab state's central bank, to comply with U.S. Treasury sanctions against the lender.

    May 31, 2012 5:35
 
  • IRAN CANCELS $2 BLN DAM DEAL WITH CHINA - REPORT

    Iran cancels $2 billion dam deal with china

    Iran has cancelled a $2 billion contract for a Chinese firm to help build a hydroelectric dam in the country, a move that risks upsetting Beijing, one of Tehran's most important economic and political allies.

    May 31, 2012 11:49
  • Japan's Iran crude imports dive in April

    Japan crude imports from Iran fall 26.1 percent y/y in April

    Japan's crude oil imports from Iran fell 26.1 percent in April from a year earlier to 0.90 million kilolitres (189,137 barrels per day), data from the Ministry of Economy, Trade and Industry (METI) showed on Thursday.

    May 31, 2012 11:47
  • Brent-crude-hovers-at-107

    Brent crude ends lower on euro zone, China worries

    Brent July crude fell $3.21, or 3 percent, to settle at $103.47 a barrel, the lowest settlement since the Dec. 16 close at $103.35. Brent fell to $102.97, its lowest intraday price since Dec. 19, after reaching $106.82.

    May 31, 2012 11:45
 
 
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