Iran's gold purchases from Turkey grew by a massive 35 times for the month of March 2012.....

Saudi Arabia, one of the world's leading oil producer, is ready to increase its oil output if its customers request so, the country's oil minister Ali Naimi stated.....

Japan is reportedly considering to provide sovereign guarantees to its oil tankers so that it could continue importing oil from Iran after the EU sanctions comes into effect on July 01, 2012. Japan....

With the European Union (EU) sanctions just months away, Iranian oil production has dipped to its lowest level in 20 years. Iran is one of the biggest producers and exporters of crude oil in the wo....

India is reportedly preparing to import oil from Iran despite EU sanctions depriving India's oil tankers insurance against spills or accidents. Iran is a major supplier of oil to India and as such ....

Iran has threatened havoc in energy markets unless the EU shows some leeway to Iran's needs. This comes ahead of the second round of nuclear talks due on May 23, 2012.....

After sustained reductions over past months, Japan will reduce its oil imports from Iran by almost 80% in April, latest reports suggests. Japan is one of Iran's major oil markets and the latest act....

Iran's oil production is expected to fall by about 500,000 barrels per day (bpd) by the end of 2012 and by a further 200,000bpd in 2013, says a recent report by the Energy Information Administratio....

Iran's oil output is set to decline by 1 million barrels per day (mbpd) to below 2.5 mbpd by the end of June, states JP Morgan. Countries have been reducing their oil purchases from Iran and shifti....

Iran has reportedly stopped delivering crude oil to Greece. This comes on the back of increased warning from Iran that it will immediately stop all oil exports to the EU in retaliation of the EU ba....

Iran has said that it will not sell its oil to Britain or France or any company that will divert oil imports from Iran to these two countries. This comes after increasing financial sanction by the ....

No other country is at the moment more alienated in world politics than Iran. Without oil, one but wonders if it would have had any international support (read Asia) in the present situation.....

Iran is reportedly using gold and oil as an exchange to procure food from Europe-an increasing sign of rising international barter trades between nations.....

After days of strong statements suggesting that Iran would immediately stop all oil exports to the EU in response to the EU ban, the parliament of Iran failed to convert the idea into a bill.....

Iran has once again issued a strong statement justifying its right to develop nuclear technology while also asking the European Union (EU) to rethink its decision to ban oil imports from Iran start....

Crude oil output from Russia declined in December, data released by the Energy Ministry showed. Russia is the largest oil producer in the world.....

Indicating that the EU itself was internally fragmented by its private interests, Iran said that the EU will definitely not impose oil sanctions against one of the top OPEC crude oil producers and ....