Energy Update
VIENNA, July 14 (Reuters) - Iran would get access to more than $100 billion in frozen assets when the Iran nuclear agreement is implemented, which depends on when Tehran has curbed its nuclear program and the U.N. nuclear watchdog has certified this, U.S. officials said on Tuesday.
VIENNA, July 14 (Reuters) - Iran's state news agency IRNA said on Tuesday the country's nuclear facilities would remain operational under a deal reached between Tehran and six major powers.
LONDON, July 14 (Reuters) - Britain's National Grid has awarded contracts totalling 1.5 billion euros ($1.7 billion) to companies involved in building the first electricity link between Britain and Norway, it said on Tuesday.
MARSEILLES, France, July 14 (Reuters) - Marseilles firemen were trying to extinguish one of two fires that started overnight at a petrochemical plant owned by U.S.
VIENNA, July 14 (Reuters) - Iran has accepted a so-called "snapback" plan that will restore sanctions in 65 days if it violates a deal agreed with six world powers to curb the country's nuclear programme, diplomats told Reuters on Tuesday.
VIENNA, July 14 (Reuters) - The foreign ministers of Iran and six major powers will meet for nuclear talks at 0830 GMT at the United Nations centre in Vienna to be followed by a news conference, a spokeswoman for the European Union said on Tuesday.
In recent years, we have seen US markets awash with Asian benzene, mainly from South Korea, and Middle East benzene increasingly flowing to Western Europe.
Iran’s oil and financial sanctions will be lifted with a phased deal struck on its nuclear program on July 14, but the market won’t immediately see more crude.
(Tue, 14 Jul 2015) The average retail price for motor gasoline this summer (April through September) is expected to be $2.67 per gallon, the lowest price (in real dollars, meaing adjusted for inflation) since 2009, based on projections in EIA's Short-Term Energy Outlook (STEO). This decline is mainly the result of the projected 41% year-over-year decline in the average price of North Sea Brent crude oil.
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