Oil has been one of the most politically sensitive commodities over the years. And now Asia’s four largest economies are finding out how difficult it is to balance political will with economic reality.
Tag: oil
EU says Iranian oil sanctions not delayed
The European Union has dismissed reports that EU sanctions on Iranian oil have been postponed, calling the reports nonsense.
EU, Japan prepare for Iran oil embargo
Europe and Japan moved ahead on Tuesday in planning for punitive cuts in oil imports from Iran, where a senior official dismissed Western anger at news Tehran is enriching uranium deep underground as cover for ulterior motives.
EU looks at delaying sanctions on Iranian oil
A number of European countries have called for a postponement of the EU’s embargo on Iranian oil.
Screws tighten on Iran as big buyers shun its oil
By Robin Pomeroy – Thu Jan 5, 8:59 pm ETTEHRAN (Reuters) – Iran faced the prospect of cutbacks in its oil sales to China and Japan as new measures to block Tehran’s crude exports over its nuclear program appeared to be driving its economy to the wall.
Japan mulls cuts in Iran oil imports to win US sanctions waiver
By Tetsushi KajimotoTOKYO Jan 5 (Reuters) – Japan is weighing various ways of securing a waiver on new U.S. sanctions against Iran, with reducing Iranian oil imports and dealings with its central bank possible options, government sources said on Thursday.
Saudi would replace Iran crude if EU embargoes-sources
By Amena BakrDUBAI Dec 27 (Reuters) – Top oil exporter Saudi Arabia and other Gulf OPEC states are ready to replace Iranian oil if further sanctions halt Iranian crude exports to Europe, industry sources said on Tuesday.
Diplomats agree to increase pressure on Iran
ROME (Reuters) – Diplomats from the United States, the European Union and other allies agreed on Tuesday to step up pressure on Iran to force it to resume talks over its nuclear program, an Italian diplomatic source said.
Iran says EU “definitely” will not impose oil sanctions
Reuters – Iran said on Sunday the European “definitely” will not impose sanctions on the country’s oil exports as the measure will harm the global crude market, the Oil Minister Rostam Qasemi said.
The Middle Kingdom meets the Middle East
China’s effort to secure energy resources in the Middle East is going into overdrive as its dependence on the region’s oil increases.