Classic Layout

Oil in its peak as Turkey pushes for Cross Border Operation

  Oil hit a record over $84 a barrel Friday on mounting tensions between Turkey and northern Iraq and lingering supply concerns ahead of the Northern Hemisphere winter. US crude rose 68 cents to $83.76 a barrel after trading up to a record $84.05 a barrel earlier. London Brent crude …

Read More »

Iran to Import 15 mln Liters of Fuel

Iran’s Oil Ministry will provide funds to import up to 15 million liters of gasoline a day, an Iranian oil official said on Sunday, less than half the amount the OPEC state shipped in before fuel rationing began in June.

Read More »