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Europe likely to impose oil sanctions on Iran

Jan 5, 2012
European officials are meeting in Brussels today to discuss an oil embargo against Iran in reaction to the country's nuclear program.
Posted In: Oil, Iran, Europe

Chinese company to invest in U.S. oil drilling

Jan 4, 2012
Sinopec will spend billions of dollars on a partnership to drill for natural gas in Ohio. The company is hoping to gain the needed expertise to grow the fracking industry in China.
Posted In: fracking, Oil, China

Nigeria loses oil subsidy, fuel prices double

Jan 2, 2012
Nigerians are expressing outrage this morning. The government has just announced it's nixing a longtime fuel subsidy. Gas prices there have more than doubled in many places.
Posted In: Nigeria, Oil, subsidy

Iraq's oil industry after U.S. withdrawal

Dec 30, 2011
Now that U.S. troops have pulled out Iraq, turns out direct benefit for American oil companies never materialized.
Posted In: Oil, Iraq

BP oil engineers could face felony charges

Dec 29, 2011
The U.S. government could soon bring criminal charges against some BP employees in the company's huge 2010 oil spill in the Gulf of Mexico.
Posted In: BP, Oil, oil companies, legal

Other nations promise help if Iran cuts off oil supply

Dec 28, 2011
Oil prices are down a bit this morning after a Saudi oil official said his country would pump more crude. That follows Iran's threat to block the Strait of Hormuz, where about one fifth of the world's oil passes through.
Posted In: Oil, Saudi Arabia, Iran

What the Strait of Hormuz means for world oil

Dec 28, 2011
Iran's navy chief said today his country could very easily close the world's most important oil transit channel. The threat to close it comes after the West imposed more sanctions on Iran over its nuclear program.
Posted In: Iran, Oil

Iran oil blockade unlikely to go through

Dec 28, 2011
Halting, or even dislocating, the flow of one-fifth of the world's oil supply could send the price of crude into the stratosphere. But the oil market doesn't appear to take the threat seriously.
Posted In: Oil, Saudi Arabia, oil prices

Iran reacts to U.S. threat of nuclear sanction

Dec 28, 2011
Iran has threatened to send military ships to block the Strait of Hormuz if President Obama signs a bill to impose sanctions to keep Iran from making nuclear weapons.
Posted In: Iran, Oil

PODCAST: Blocking the waterway, blocking the oil

Dec 28, 2011
San Francisco has raised to the minimum wage to over $10 an hour, and that will effect the cities famed restaurants. On the other side of the country, negotiations will start today in New York between building owners and the union representing the people that clean those buildings. As the 10 year birthday of the euro approaches, David Brancaccio looks back at how Marketplace's resident poet described the deal at the time.
Posted In: Oil

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