Iran is continuing to defy UN demands that it suspend uranium enrichment, the UN atomic watchdog said on Monday.
“Contrary to the decisions of the (UN) Security Council, Iran has not suspended its enrichment related activities,” the International Atomic Energy Agency wrote in its latest report on Tehran’s disputed nuclear drive.
In all, Iran was operating about [...]
Oil prices climbed back above 100 dollars on Wednesday as OPEC ministers began a vital meeting at which they were widely expected to hold current output levels despite calls from the West for a hike, traders said.
New York’s main contract, light sweet crude for delivery in April, was up one dollare to 100.52 dollars per [...]
UK Coal, Britain’s biggest coal supplier, is understood to be planning to dismiss an informal approach from Meinl, an Austrian investor, to buy the company’s coal and power generation units.
UK Coal received a letter last week from the board of Meinl saying it was interested in purchasing the company’s operations, excluding its property interests, and [...]
Iran has expanded its uranium enrichment program instead of complying with a U.N. Security Council ultimatum to freeze it, the U.N nuclear watchdog agency said Thursday. The finding clears the path for harsher Security Council sanctions against Tehran.
“Iran has not suspended its enrichment-related activities,” said the International Atomic Energy Agency, basing its information on material [...]
Crude oil prices dipped Friday on forecasts for warmer weather in the U.S. northeast, the world’s largest heating oil market.
The market also appeared to be reacting to news that OPEC output had dropped but was still above agreed cutbacks.
Light, sweet crude for March delivery dropped 19 cents to $57.80 a barrel by midday in Europe [...]
Crude oil dropped on speculation that supplies from OPEC and other producers are sufficient to meet increased heating demand caused by a cold snap in the U.S.
Temperatures in the U.S. Northeast, where 80 percent of the nation’s heating oil is consumed, will be below normal through Feb. 21, the National Weather Service said. OPEC may [...]
Gold may climb for the second-straight week as investors avoid dollar-denominated assets and purchase the precious metal.
Thirteen of 34 traders, investors and analysts surveyed by Bloomberg from Sydney to Chicago on Dec. 21 and Dec. 22 advised buying gold, which rose 0.5 percent last week in New York to $622.30 an ounce, the first gain [...]
Russian experts working by night removed a large quantity of highly enriched uranium from a Soviet-era reactor in Germany on Monday and flew it to Russia for processing.
Anti-nuclear protesters forced a convoy carrying the material to stop briefly despite efforts to keep the route secret and a heavy police presence.
Some 326 kg (717 lb) of [...]
MetaCarta®, Inc., the leading provider of geographic intelligence solutions, today announced that the Society of Petroleum Engineers (SPE) is using MetaCarta’s geOdrive solution to provide map-based search of the organization’s eLibrary.
SPE is a not-for-profit professional association whose members are engaged in energy resources development and production. Serving more than 69,000 members from 112 countries worldwide, [...]
German Foreign Minister Frank-Walter Steinmeier has proposed setting up uranium enrichment centres under UN control to end nuclear disputes like the one over Iran.
Steinmeier said such centres could be used by several nations and placed under control of the UN’s nuclear watchdog, the
International Atomic Energy Agency, the daily Handelsblatt said in an advance extract of [...]
