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  • 200-IEA

    IEA: Iran outage, high price don’t justify oil release

    IEA head says market has adjusted to lower Iran output; Says price alone does not justify oil release; Risks rift with U.S. over emergency release policy; U.S. does not wants rising oil price to offset Iran sanctions

    August 28, 2012 6:42
  • UAE-says-sanctions-hurting-trade-with-Iran

    UAE to boost oil production capacity to 3 million barrels per day in 2012

    The United Arab Emirates (UAE) is on track to expand its crude oil production capacity to 3 million barrels per day (bpd) by the end of the year, two industry sources said on Tuesday.

    August 28, 2012 6:41
  • No offers on oil block 11 in Iraq energy bids-government

    Enoc, Aldrees team up for Saudi fuel forecourts

    Emirates National Oil Co (Enoc) has teamed up with Saudi fuel retailer Aldrees to build at least 40 service stations in the kingdom, the companies said on Tuesday, in a deal the Dubai-government owned retailer hopes can recover some of its losses at home.

    August 28, 2012 6:40
  • Iraq's terms deter oil, gas explorers at auction

    Turkey, Iraq differ on whether oil exports resumed

    The flow of crude oil on a link carrying about a quarter of Iraq's total exports has resumed on one of two pipes after a fire shut it down, Turkish Energy Minister Taner Yildiz told Reuters on Tuesday.

    August 28, 2012 6:39