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[31 Jan 2012 | No Comment | ]
India defies sanctions, won't cut Iran oil imports
Boston.com
He said India and China could just be trying to buy time to diversify their oil supplies and may steer away from Iran, especially if Saudi Arabia — India's largest source of oil imports — were to ramp up production and offer an attractively priced

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[31 Jan 2012 | No Comment | ]
India says it won't cut back on Iran oil imports, in defiance of stiffer US
Washington Post
He said India and China could just be trying to buy time to diversify their oil supplies and may steer away from Iran, especially if Saudi Arabia — India's largest source of oil imports — were to ramp up production and offer an attractively priced

and more »

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[31 Jan 2012 | No Comment | ]

Indian Express
India says it won't cut back on Iran oil imports, in defiance of stiffer US
Washington Post
He said India and China could just be trying to buy time to diversify their oil supplies and may steer away from Iran, especially if Saudi Arabia — India's largest source of oil imports — were to ramp up production and offer an attractively priced
Supporting IranThe News International

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[25 Jan 2012 | No Comment | ]

Similarly, indications from Saudi Arabia, the world’s top oil exporter, that it wants prices at around $100 per barrel could help cap any sudden spikes, analysts said. A sudden surge in prices a little above current levels could trigger almost …

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[20 Jan 2012 | No Comment | ]

The Daily Star
The Next Massive Spike in Oil Prices
DailyFinance
While its expectation is only 13% higher, Goldman believes oil has "massive upside price risk relative to our target." In other words, Goldman believes oil prices could spike. Goldman's reasons for a possible spike are "the current environment,
Saudi Arabia pivots toward AsiaAsia Times Online
At the peak of China's oil dilemmaBusiness Spectator

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[19 Jan 2012 | No Comment | ]

adding that while Saudi Arabia hoped for oil at around $100, “no single player can dictate what the price is.” As well as Ghanem, a current OPEC official also took the Saudi minister’s remarks as a sign of increased unity on prices within the 12 …

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[18 Jan 2012 | No Comment | ]

They meet, they talk, and then they release a statement saying that they aren’t going to increase production quotas because the current price is fair and “customers aren’t asking for more oil.” Well, of course they aren’t. By definition …

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[17 Jan 2012 | No Comment | ]

… and vulnerabilities in the Middle East could lift oil prices and bear adversely on global economic stability. Second, Saudi Arabia’s aspiration to let crude oil trade at current levels to help fund its expenses arising from the generosity …

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[13 Jan 2012 | No Comment | ]

The current tension between the West and Iran is bearish for oil prices as U.S. sanctions prompt refiners to cut back on Iranian purchases while Saudi Arabia maintains production levels to prepare for an EU embargo, creating a surplus of crude …

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[31 Dec 2011 | No Comment | ]

Telegraph.co.uk
The high price of oil has blocked the West's economic escape route
Telegraph.co.uk
The Arab Spring means that Saudi Arabia and other major Middle Eastern exporters are now running budgets with break-even oil prices above $100. Photo: AP By Liam Halligan The emerging markets, meanwhile, will keep forging ahead during 2012.
We're Number One Were' Number One!FXstreet.com

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