• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 26 mins Reality catching up with EV forecasts
  • 1 day "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 11 days US Oil Independence is a myth and will always be a myth
  • 1 day A Somewhat Realistic View of the Near Future for Electric Vehicles Worldwide
  • 7 days The Federal Reserve and Money...Aspects which are not widely known
  • 12 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 16 days Natural gas price to spike when USA is out of the market
  • 14 days "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 15 days *****5 STARS - "The Markets are Rigged" by The Corbett Report
Sub-Zero Temperatures Set To Boost LNG Demand In Asia

Sub-Zero Temperatures Set To Boost LNG Demand In Asia

A wave of sub-zero temperatures…

Could Canada Pass Something Similar To The Inflation Reduction Act?

Could Canada Pass Something Similar To The Inflation Reduction Act?

Canada’s Prime Minister Justin Trudeau…

Iran Continues to Cut its Oil Exports to European Countries

Iran used to count Britain, France, Spain, the Netherlands, Greece, Germany, Italy and Portugal amongst its European customers. However when the EU and US sanctions were announced back in January, Tehran said it would enact its own sanctions immediately, before European countries lined up alternative suppliers.

Britain and France were the first to feel Iran’s riposte earlier in the year when all Iranian imports to the two countries were halted.

ADVERTISEMENT

On Tuesday Ahmadinejad announced that they had cut off all oil sales to Greece and Spain as part of their pre-emptive retaliation.

ADVERTISEMENT

Today Germany has been added to the list, and now the Persian State has contacted Italy’s refineries to demand long term contracts or face a similar fate to its European brethren.

Press TV, an English language network based in Tehran, has said that apart from the European countries, Iran also has plans to ban exports to 100 European companies.

The whole situation has arisen due to Iran’s uranium enrichment program, which the West fear is intended for fuelling nuclear weapons, although Iran continues to promise that their plans are purely peaceful. Talks between Iran and the UN Security Council, plus Germany, are set to resume on Saturday in an attempt to settle the argument over the nuclear program.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

ADVERTISEMENT


ADVERTISEMENT


Leave a comment
  • minimos on April 12 2012 said:
    I doubt Iran and west settle the argument this easy. The friction between Iran & west is fundamental. The issue is not enriching uranium. Iran is trying to reach hi-thech industries while west disagree with this.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News