crude oil

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  EU Agrees To More Sanctions Against Iran

  15 Oct 2012 by Jasmine Stone / No Comments

  Reuters is reporting that new sanctions have been imposed on Iran as of today. Amongst the most serious of those, which will hit industry hard, is the fact that all dealings between European and Iranian banks will be banned.

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  Petrol Price Hike Explained – Oil Imports From Iran Drop To Zero

  03 Sep 2012 by Jasmine Stone / 1 Comment

  As the petrol price is set to increase by 93 cents a litre on Wednesday, it’s been revealed that South Africa imported no crude oil from Iran last month, traditionally one of our biggest suppliers.

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