Iran's Ghasemi says EU sanctions will lead to 'terrible chaos'
February 6, 2012 - Iran reiterated February 4 a threat to halt oil exports to "hostile" nations in the EU once winter is over and warned that the loss of Iranian crude oil would cause "terrible chaos" in the market and lead to an uncontrollable rise in oil prices.
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OPEC chief warns of oil price volatility as markets adjust to Iran sanctions
January 30, 2012 - OPEC Secretary General Abdalla el-Badri warned Jan 30 that oil prices were likely to be volatile over the next few months as markets adjust to new EU sanctions on Iran that will remove 450-500,000 b/d of Iranian crude from European markets.
Error margins: forecasting energy demand
January 12, 2012 - Long-term energy demand forecasts have always been as much art as science.
North Sea crude oil price premiums hit record on Libya war, outages
January 5, 2012 - North Sea crude oil price values had a record year in 2011, supported by a tight supply situation in Europe and the Mediterranean basin, said traders.