World Awash in Oil Shields Markets From 2008 Price Shock

Fighting across Iraq, Libya, Ukraine and Gaza, and an accelerating economy, should mean higher oil prices.

Iran to Increase Oil Output by 700,000 Barrels a Day

Iran is increasing oil production and can boost output by 700,000 barrels a day within two months if international sanctions on its economy are lifted, according to Oil Minister Bijan Namdar Zanganeh.

Saudi Feb. Oil Exports Up %3.5 as Iran, Iraq Leapfrogged

Saudi Arabia boosted crude exports by 3.5 percent in February to the highest in five months, while Iran’s shipments gained and Iraq sold the most oil for at least 12 years, the Joint Organisations Data Initiative said.

Iran Nuclear Talks Mired in Details of Enrichment, Arak

Foreign ministers met in Geneva on the fourth day of negotiations over Iran’s nuclear program, which remain mired in the same implacable issues that have prevented the signing of an accord in two previous rounds.

U.N. nuclear chief rejects Iran "saboteurs" accusation

LONDON (Reuters) - The U.N. nuclear chief said on Wednesday that Iran's allegation his agency may have been infiltrated by saboteurs was baseless and voiced concern about "intensive activities" at the Parchin military installation that his inspectors want to examine.

Iran Considers Halting Nuclear Expansion to Avert EU Oil Ban

Iran is considering a Russian proposal to halt the expansion of its nuclear program in order to avert new sanctions, the country’s envoy in Moscow said.

Obama Has ‘Israel’s Back’ Preventing Iran Nuke

President Barack Obama said the U.S. won’t hesitate to use military force to stop Iran from developing a nuclear weapon, while asserting there is still time for diplomacy and sanctions to work.

Crude Oil Climbs After U.S. Thanksgiving Retail Sales Surge to a Record

Oil climbed as Thanksgiving retail sales advanced to a record in the U.S., a signal of economic growth in the world’s biggest crude-consuming country.