TEHRAN, YJC. -- Oil prices recovered in Asian trade Thursday following a drop triggered by fresh economic data that highlighted global growth concerns, analysts said.
TEHRAN, YJC. -- A senior Indian official says trade ties between Iran and India are “on the rise,” stressing that New Delhi will not halt oil imports from the Islamic Republic.
(Associated Press) A barge laden with 80,000 gallons of oil struck a railroad bridge in Vicksburg, Miss., over the weekend, spilling light crude into the Mississippi River and closing the waterway for miles each way, the Coast Guard said. A second barge was damaged.
(Presstv) Iran has banned crude oil and gas exports to the European Union (EU) in retaliation for the 27-nation bloc’s embargo on the Iranian energy sector.