Oil and Gas Industry News…
Oil prices jumped to a nine-month high above $105 a barrel on Monday after Iran said it halted crude exports to Britain and France in an escalation of a dispute over the Middle Eastern country’s nuclear program.
That news came even as a semiofficial Iranian news agency reported that Tehran is considering extending its oil embargo against France and Britain to other European countries.
The Mehr news agency quoted National Iranian Oil Co. Ahmad Qalehbani as saying that Tehran may stop crude exports to European Union members that continue “hostile acts” against Iran.
What’s more, Qalehbani predicted that oil prices could pass $150 a barrel, without specifying when.
Disclaimer: This is not an offer to sell a security or a general solicitation; an offer to sell a security only may be made by a private placement memorandum to relationship based sophisticated and or accredited investors where permitted by law. The purpose of this website is for general information research purposes. By submitting this request form you are confirming that we have not generally solicited you directly or indirectly whatsoever to invest in any oil and gas prospect; you agree to be sent additional information and/or contacted by phone by an oil and gas company. Website content is not meant to be considered financial and/or investment advice.