Energy
Iran warns Arabs not to replace embargoed oil (AP)
Submitted by Earth News on Sun, 01/15/2012 - 02:39
ShareThisAP - An Iranian pro-reform newspaper says the country's OPEC governor has warned the country's Arab neighbors that Tehran will view any increase in crude production to counterbalance a potential embargo on Iranian oil as an unfriendly act.
Saudi: Readiness to up oil output not tied to Iran (AP)
Submitted by Earth News on Sun, 01/15/2012 - 02:30
ShareThisAP - Saudi Arabia's oil minister says the OPEC powerhouse's readiness to boost oil output is not linked to sanctions that could affect Iran's oil exports.
Which? urges halt to smart meter installation
Submitted by staff on Sun, 01/15/2012 - 01:40
ShareThisChris Huhne, the Energy Secretary, must halt the Government's introduction of gas and electricity "smart meters" or risk an "£11 billion fiasco", campaigners warn today.
Somali pirates release Indian ship with 21 crew (Reuters)
Submitted by Earth News on Sat, 01/14/2012 - 23:53
ShareThisReuters - The all-Indian crew of a chemical oil tanker that was hijacked by Somali pirates in August last year has been released, along with the ship, Indian authorities said.
Nigerian Union Unrest May Cause Higher U.S. Gas Prices (ContributorNetwork)
Submitted by Earth News on Sat, 01/14/2012 - 16:32
ShareThisContributorNetwork - According to AFP, weekend talks between Nigeria's government and union leaders were being held in hopes of averting an oil production shutdown that could cause the price of crude and gasoline in the U.S. to increase. Here are the details.
Protesters flout ban in fight to become Kuwaitis (Reuters)
Submitted by Earth News on Sat, 01/14/2012 - 11:43
ShareThisReuters - Police in Kuwait fired tear gas to disperse hundreds of stateless people Saturday after they defied a protest ban and held demonstrations calling for the right to become Kuwaiti citizens, residents said.
Nigeria unions suspend strikes in fuel dispute (Reuters)
Submitted by Earth News on Fri, 01/13/2012 - 16:31
ShareThisReuters - Nigerian unions suspended strikes and protests over rising petrol prices for the weekend on Friday while talks take place between union leaders and government, but warned of more industrial action if there was no resolution.
The History of U.S. Sanctions Against the Iranian Central Bank (ContributorNetwork)
Submitted by Earth News on Fri, 01/13/2012 - 16:22
ShareThisContributorNetwork - The United States imposed the first round of sanctions against the Islamic Republic of Iran more than 30 years ago. Last week, AFP reported that President Barack Obama signed into law new restrictions that are meant to curtail and impede Iran's ability to sell crude oil on the international market.
Oil price below $99 on Europe downgrade concerns (AP)
Submitted by Earth News on Fri, 01/13/2012 - 15:44
ShareThisAP - Oil prices finished lower Friday on fresh concerns about Europe's economy as credit ratings agency Standard & Poor's downgraded France, Austria and other European countries.
Key US oil supplier may cut off spigot Sunday (AP)
Submitted by Earth News on Fri, 01/13/2012 - 15:37
ShareThisAP - One of the biggest suppliers of oil to the United States may shut off the spigot this weekend, pushing crude and gasoline prices higher for Americans.
