Articles Tagged "international energy agency"

Iran Faces Oil Trade Difficulties as United States Increase Sanctions

Oil – Bloomberg reported that Iran is now dealing with another obstacle for its oil export. With the United States imposing the penalty of expulsion, Iranian crude buyers will be restricted to using their own currencies when buying, effective today.

Oil Drops as IEA Lowers Global Demand Expectations for 2012 and 2013

Oil – Bloomberg reported that the price of oil dropped after the International Energy Agency reduced its outlook for global oil demand by 100,000 barrels per day for 2012 and 2013. The organization anticipates that world oil demand will be 89.7 million barrels per day this year and 90.5 million barrels next year.