Tag Archives: China

Oil Price Ascends Slightly

  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.

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US Exempts India and 6 Others from Iran Oil Sanctions

US government granted exemptions to India along with 6 other countries including Malaysia, South Africa, Sri Lanka and Taiwan from Iran Oil Sanctions.

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China Calls for Growth and Iran Talks Driving Oil Prices

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

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Oil Drops to 5-Month Low Near $94 a Barrel

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.

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Oil May Soon Top Asia’s Worry List

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.

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Increase in African Oil Imports After Iran Sanctions

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

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India and China Refuse to Cut Iran Oil Imports

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

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