Nigerian National Petroleum Corporation (NNPC) says it cannot boost its oil output to fill the supply gap caused by Iran's decision to cut oil sales...
Follow us @ twitter.com twitter.com Europe is shrinking, at least the economy is. Italy sinks into recession as the eurozone contracts for the first time...
Iran has stopped oil exports to six European states in retaliation for European Union sanctions imposed on the Islamic state's key export. Iran has stopped...
On Wednesday the Iranian Foreign Ministry threatened Italy, Spain, Portugal and Greece, stating if they refused to extended oil export contracts they would be cut...