Iran plays with fire as report suggests Strait of Hormuz could well see closure

An Iranian newspaper today quotes a senior commander in Iran's Revolutionary Guard as saying that Tehran's leadership has decided to order the closure of the strategic Strait of Hormuz if ...

EU ban on Iran oil could end up the final straw that breaks Greece’s back

The recent decision for an EU wide ban on oil imports from Iran could end up being the final straw that break's Greece's back after EU officials said on Wednesday ...

European governments agree to ban imports of oil from Iran, Brent price rises

European governments have agreed in principle to ban imports of Iranian oil, EU diplomats said this afternoon, dealing a potentially heavy blow to Iran imposing real pain just months before ...

WTI crude oil price trading back at $100 ahead of OPEC meeting

The price of US WTI crude oil opened Wednesday's trading session back at $100 a barrel after climbing 2 percent yesterday as Iranian comments surrounding the Strait of Hormuz had ...

Lower crude oil prices sees OPEC member countries sound alarm bells

Some OPEC member countries have begun to sound alarm bells on lower oil prices, suggested the need for an emergency OPEC meeting if oil prices slip to $85 a barrel, ...

Brent oil price hovers at $112 on weaker economic outlook

Brent oil prices open today's trading session hovering at $112 a barrel as signs of a weaker economic outlook in Europe and the US indicate crude oil demand will falter ...

WTI oil trading back over $81 as stock markets attempt recovery

WTI oil futures open Wednesday's trading session back over $81 a barrel as oil prices bounce higher after US and Asian stock markets attempt a recovery, however prices remain held ...

WTI oil trading at $97 after OPEC global demand forecast

WTI oil futures open Wednesday's trading session back around $97 a barrel after OPEC commented that global crude oil demand will be the highest ever this year, despite weak gasoline ...

Brent oil price trades at $106, OPEC countries complain over IEA

Brent oil futures open today's trading session around $106 a barrel after closing yesterday's session higher, whilst OPEC member countries complain over the recent IEA decision to release oil reserves ...

Brent oil trading near $120, OPEC sees 2011 supply shortage

Brent oil prices open Wednesday's trading session hovering around $120 a barrel as the latest news from OPEC suggests that the cartel are concerned about oil supply shortages later in ...

WTI oil futures trading near $102 on global supply concerns

WTI oil futures open Friday's trading session near $102 a barrel as traders turn attention on how the world is going to meet oil demand in 2011 as OPEC member ...

WTI oil trading firm at $101 after OPEC holds output quotas

WTI oil futures open Thursday's trading session firm at $101 a barrel after yesterday's OPEC meeting in Vienna saw member countres unable to reach an agreement on production targets for ...

WTI oil trading at $100 ahead of key OPEC output meeting

WTI oil futures open Monday's trading session hovering at $100 a barrel ahead of this week's key OPEC meeting which will focus on oil output levels by member countries, who ...
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