Iran can make nuclear weapons - but won't, says top politician

Iran has the technological capability to produce nuclear weapons but will never do so, a prominent politician in the Islamic republic has said.

Putin’s Port Project to Divert Russia Urals Oil to Baltic

A Baltic Sea oil terminal opened in March by President-Elect Vladimir Putin to boost Russia’s direct access to international markets may weaken the country’s crude price in northern Europe compared with the south.

Global oil production trouble - it's not just Iran

NEW YORK (CNNMoney) -- All the attention may be on a loss of oil from Iran these days, but production outages in a variety of spots worldwide is causing about one million barrels of oil a day to sit on the sidelines, helping push oil and gas prices to near record highs.

Nuclear industry dreams dashed by current economic reality

The news that nuclear giants RWE and E.ON are dropping plans to build any new UK reactors has sent a toxic cloud not only over Wales, but over the nuclear industry itself.

Obama Finds Oil in Markets Is Sufficient to Sideline Iran

WASHINGTON — After careful analysis of oil prices and months of negotiations, President Obama on Friday determined that there was sufficient oil in world markets to allow countries to significantly reduce their Iranian imports, clearing the way for Washington to impose severe new sanctions intended to slash Iran’s oil revenue and press Tehran to abandon its nuclear ambitions.

Oil above $103 amid signs China economy improving

SINGAPORE (AP) — Oil prices rose slightly above $103 a barrel Monday in Asia amid signs China's economic growth remains strong.

Iraq March Crude Exports Rise to Highest in Post-Hussein Era

Iraq’s crude oil exports and revenue rose in March to their highest levels in the nine years since the U.S.-led invasion that toppled former President Saddam Hussein, the head of the State Oil Marketing Organization said.