Tag Archives: China
On 17th May 2012, the prices on oil climbed about $89 a barrel in Asia. However, China and the United States are trying to step forward to strengthen their economies.
US government granted exemptions to India along with 6 other countries including Malaysia, South Africa, Sri Lanka and Taiwan from Iran Oil Sanctions.
Oil prices in New York traded near three-day high after China’s premier Wen Jiabao asked to put in more efforts to boost the nation’s economy and speculations over Obama administration hardening its stance on sanctions against Iran on the eve … Continue reading
The prices on oil declined to near $94 a barrel in Asia adding a two-week sell-off, which marked a record decrease in five months in the mid of rising concern about Europe’s debt crisis.
High oil prices are fast becoming a grave concern for a threat to the growth of economy in Asia. This threat promises to smother consumer demand while also forecasts adverse effects on export and threatens to reignite inflation.
Imports of West African crude oil are the highest ever recorded, after the Iran oil embargo cut supplies of oil from Tehran to Beijing. The first quarter reflects the effects of the oil sanctions as India and China look to … Continue reading
Iranian oil technician Majid Afshari, right, and coworker Ebrahim Mehrjouei work at the oil separator facilities in Azadegan oil field, some 480 miles (800 kilometers) southwest of the capital, Tehran, Iran, April 15, 2008. (AP / Vahid Salemi) India and … Continue reading