Iran's oil exports have been slashed 40 percent in the past nine months because of tough Western sanctions, Oil Minister Rostam Qasemi was quoted as saying on Monday, in a reversal of his previous denials of any decline at all.
While it was certainly no secret that Germany, the EMU’s bastion of prudent finances and sound money, was no fan of the fiscally irresponsible eurozone periphery going into 2015, the extent to which Berlin’s relationship with Athens and the Greek people deteriorated over the course of six months of bailout negotiations was truly remarkable.
While politicians and policy makers may disagree about how to capitalize on the recent U.S. oil and gas boom, they do share enthusiasm for what it may bring: energy independence. But since conflict broke out between Russia and Ukraine last month, an increasingly vocal cohort in Washington has been touting another idea: energy diplomacy. The country has long been isolationist when it comes to its own energy resources — crude exports have been banned since the 70s — but some now see the opportunity to use the fruits of the boom as a new and powerful foreign policy tool.
Back in late April, I participated in panel "Europe at the Crossroads: The Euro Crisis and the Future of European Integration" (video). There're two graphs from my presentation I'd like to highlight, as they remain relevant even as the eurozone lurches into de facto recession .
In a sign that the UK could prosper if it quit Brussels, sales to EU countries lagged behind exports to the rest of the world in 2015 for the second year in a row.
Official figures also showed that Britain bought far more from EU countries than they bought from us – with the gap at an all-time high of £89billion. Britons propped up struggling EU economies by buying French wine, German cars, Spanish vegetables and Italian clothes.
Eurosceptics said it showed Europe needs Britain more than Britain needs Europe, claiming the UK would be better off if voters opted to quit.
Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.Protest in Spain over high youth unemployment and a downgrade warning on Italy’s debt highlight political problems in the eurozone. FT Lex’s Edward Hadas and Vincent Boland discuss whether the lack of strong leaders (in Germany and Spain now, and soon in Italy) is pushing the sovereign debt crisis into a more dangerous phase.
Biofuels submits:U.S. ethanol exports in January through September 2010 totaled 251 million gallons, according to the DOE, which was more than twice the 2009 level. Ethanol exports so far in 2010 amounted to only 2.6% of U.S. production, but nevertheless are causing controversy because the U.S. 45-cent ethanol excise tax subsidy is being claimed by some blenders prior to export. The European ethanol industry protests that (1) the U.S.