Reuters: Royal Dutch Shell and other oil companies are taking less Iranian crude because of poor economics and the difficulty of making financial transactions with Tehran, industry sources said on Thursday.
Wall Street Journal: An oil tanker named Front Page, chartered by Royal Dutch Shell PLC, left this port on March 17 and reported it was going to another U.A.E. port, then on to Saudi Arabia, ship-tracking data show.
Bloomberg: Boeing Co. and Exxon Mobil Corp. are lobbying to fend off tightened sanctions against Iran that business groups say may cost $25 billion in U.S. exports.
Iran Focus: Tehran, May 15 – Iran Focus has carried out an investigation into Iran's annual budget and has learnt that huge sums of money are allocated to senior officials and top institutes that back hard-line President Mahmoud Ahmadinejad. Iran Focus will on Sunday publish a list of key entities receiving the funds.
Bloomberg: Iran, holder of the world’s second largest oil reserves, may be storing as much as 38 million barrels of crude at sea as demand declines for the heavier, sour grades the Persian Gulf country sells.
.jpg){kind=icon}
