Iran: UN sanctions would boost oil prices

Iran: UN sanctions would boost oil prices
LONDON, May 1 (IranMania) - The Iranian Deputy Oil Minister Mohammad-Hadi Nejad-Hosseinian said he did not believe the United Nations would impose sanctions on Iran because that would boost oil prices even higher, Associated Press reported.

Oil prices above 72 dollars a barrel
SINGAPORE Iran's defiance on its uranium enrichment program is continuing to send oil prices higher today.

Oil prices advance before Iran meeting
World oil prices have extended gains before a UN meeting to tackle Iran's defiance over its nuclear programme. New York's main contract, light sweet crude for delivery in June, rose 44 cents to 74.33 dollars per barrel in electronic deals before the market's official opening on Tuesday.

Farmer confidence falls as oil prices rise
High oil prices and rising Australian dollar have hurt confidence levels among farmers.

PSU oil firms hike jet fuel prices by over 8.6%
For the second consecutive month, public sector oil firms on Monday hiked aviation turbine fuel, also known as jet fuel, prices by over 8.6 per cent. "ATF prices have been raised between Rs 3,100 and Rs 3,700 per kilolitre with effect from today," an official of Indian Oil Corporation (IOC) said.

Oil prices little changed in Asian trade
Oil prices were little changed in Asian trade as the market waited to see what the next lead will be on Iran and its controversial nuclear program, dealers said.