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U.S. loses Iran arms embargo bid as Putin pushes summit to avoid nuclear deal showdown
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U.S. loses Iran arms embargo bid as Putin pushes summit to avoid nuclear deal showdown

The United States lost a bid on Friday to extend a U.N. arms embargo on Iran as Russian President Vladimir Putin proposed a summit of world leaders to avoid “confrontation” over a U.S. threat to trigger a return of all ...
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In Diplomatic Doubleheader, U.S. Seizes Iranian Fuel From Ships Headed to Venezuela

WASHINGTON — The United States has seized more than 1.1 million barrels of Iranian fuel that was headed to Venezuela, officials said on Friday, in a high-seas handover that blocked two diplomatic adversaries from evading American economic sanctions.Read the full ...
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drilling-rig
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Oil jumps 4% to the highest in 5 months after the EIA reports an inventory drop

Oil prices gained Wednesday to their highest levels since March after the US Energy Information Administration reported that crude inventory fell last week.Read the full article here ...
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Steinitz on breaking the Arab boycott and becoming an energy superpower
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Steinitz on breaking the Arab boycott and becoming an energy superpower

Steinitz's proposal will increase the country’s use of solar energy from just a few percentage points today to 30% within the next 10 years. Read the full article here ...
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gas prices
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Chevron’s $5 billion deal for Noble ends deal drought, sets price benchmark

Chevron Corp’s surprise $5 billion all-stock deal for oil producer Noble Energy should spell the end of this year’s deal drought, setting a price benchmark that will trigger more buys, according to mergers and acquisition bankers, lawyers and analysts. Read ...
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