Latest news
Shell ceases activities in Syria amid tighter sanctions
Shell announced on Friday its decision to cease its activities in Syria’s oil fields, a day after the European Union imposed new sanctions on the regime of Bashar al-Assad.
read more... 05/12/2011
Daily-Brent crude increases above $109 on US positive data
Brent crude oil futures increased over $1 a barrel to $109.99 on Friday by 08:00 GMT and later rising as high as $110.09 on fresh evidence of a sustained recovery in the US economy and on tighter sanctions against Iran.
read more... 02/12/2011
Daily – oil prices recovered after several days of losses
NYMEX and Brent crude oil futures recovered on Tuesday after several days of losses as new sanctions against Iran increased worries over regional instability that could disrupt oil supplies evoking concerns about global economic growth.
read more... 23/11/2011
Syria: EU imposes embargo on oil export
EU government banned EU companies from new investments in Syrian oil industry on Wednesday, adding some entities and two individuals on the black list. The sanctions are also prohibiting Syrian oil exports to the United States and European Union.
read more... 22/09/2011
EU expands sanctions on Syria, including oil embargo
The European Union agreed to extend the scope of its sanctions in Syria, adding 20 new names to the list of Syrians targeted by asset freeze and travel ban.
read more... 24/08/2011