The European Union’s ban on Iranian oil shipments that takes full effect July 1 is curbing ship charters now because of the time it takes the vessels to deploy, load and deliver cargoes, the fleet’s biggest re-insurer said.  More »

Hoping to wean India from Iranian oil imports, U.S. Secretary of State Hillary Rodham Clinton is urging Indian leaders to explore alternative suppliers as she opens a three-day visit to the energy-starved South Asian giant that will also focus on regional security and easing trade restrictions.  More »

Given that this week feels like it has been all over the place, it seems somewhat appropriate that this post should do the same. So let us go around the world in 80 seconds, taking a look at some random energy nuggets from various corners of the globe. SAUDI ARABIA – given that electricity demand [...]  More »

ANKARA, Turkey — Turkey says it is reducing oil imports from neighboring Iran by 20 percent and will make up for it with purchases from Libya. Energy Minister Taner Yildiz says Turkey plans to purchase one million tons of oil from Libya this year, and also engage in spot oil purchases from Saudi Arabia. Turkey’s [...]  More »

Most Americans don’t credit President Obama with causing higher gasoline prices, but they do disapprove of how he’s responding to them, according to a new Reuters/Ipsos poll.  More »

Obama administration officials ripped into GOP proposals to tie Strategic Petroleum Reserve releases to increases in federal oil and gas land leases and require additional analyses of the economic impacts of several oil- and gasoline-related environmental regulations.  More »

Republicans plan on advancing a pair of bills that would require studies of certain oil and gasoline regulations and make increased oil and gas leasing a condition of using the Strategic Petroleum Reserve. Democrats, meanwhile, called for boosting funding for regulators to implement rules that target what they call excessive speculation in oil markets.  More »

Democrats increased their recent calls for President Obama to release oil from the Strategic Petroleum Reserve, noting oil prices dropped Thursday after a report, which the White House denied, that the U.S. and Britain had agreed to release oil from their reserves.  More »

Oil output during the first three years of the Obama administration was 13 percent higher than from 2006 to 2008, according to new federal data, though it did decrease somewhat between 2010 and 2011.  More »

The action is meant to enforce European Union sanctions and will go a long way toward isolating Iran financially.  More »

Nearly two-thirds of Americans disapprove of the way President Barack Obama has handled rising gasoline prices, according to a new poll. The White House fought back with a progress report that seeks to defend Obama’s record on energy.  More »

While the United States is gauging the impact of potential European oil sanctions on Iran, the Iranian military remains capable of causing major problems in the Persian Gulf region, panelists said Wednesday during the IHS CERA Week energy conference in Houston.  More »