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Keyword: euoil

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  • Europe starts stockpiling oil as Iran conflict looms

    08/20/2012 5:52:29 AM PDT · by Olog-hai · 13 replies
    EurActiv ^ | 20 August 2012
    European governments are rushing to boost stockpiles of crude oil and fuel, anxious to comply with new EU rules and amid reports that Israel is preparing to launch an attack on Iran. Belgium and the Netherlands have issued tenders to import a total of around 250,000 tonnes of diesel and gasoline for delivery in September and October, their agencies said. France has also bought diesel and awarded a crude oil tender this week while Belgium is increasing its crude stocks. "This is yet another unexpected source of support for oil demand… [It] shows how the geopolitical concerns about Iran and...