Posts Tagged ‘iran’

Result of Iranian Sanctions Through Graphs

by Christopher Lemieuxon November 24, 2013 11:46 pm GMT
The Iranian rial gained more than two percent after the Islamic nation agreed on terms to cease their nuclear program, the installation of an advanced centrifuge and destroy uranium enriched to 20 percent. The currency’s value has been halved since the year prior to President Hassan Rouhani was elected in June. According to Bloomberg via […]

Sanctions Against Iran Loosen After Nuclear Agreement

by Christopher Lemieuxon November 24, 2013 11:16 pm GMT
The sanctions, on a broader scope, loosen against Iran after the country agrees to a join-nuclear agreement. The agreement outlines that Iran must improve relations with monitors from the United Nations and work towards the distraction of their uranium stockpiles that are enriched to 20 percent. Iran must also stop the installation of an advanced […]

WTI Crude Consolidates From Lows

by Christopher Lemieuxon November 20, 2013 5:55 am GMT
West Texas Intermediate crude is beginning to consolidate from five-month lows, and speculation on whether demand increased for refineries given the black gold a little life. The Energy Information Administration (EIA) will release weekly inventory data tomorrow. Inventories rose 2.6 million barrels, and the market is expecting a .2 million barrel decrease in this week’s […]

Iran Burns Natural Gas Reserves and Unfulfilled Potential

by Christopher Lemieuxon November 5, 2013 12:37 am GMT
Iran is burning billions of dollars in unused natural gas as a symptom of the numerous economic sanctions set by the United States and European Union. The sanctions passed down, in retaliation to Iran’s nuclear program, from the US and European Union has damaged the Persian economy by cutting crude exports in half since 2011, […]