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Iran says not storing oil in Gulf due to sanctions

TEHRAN (Reuters) – Iran has not stored oil on tankers in the Gulf, and its crude exports have not been disrupted due to mounting international pressure over its disputed nuclear program, an oil official told the semi-official Mehr news agency on Saturday. On Tuesday shipping sources told Reuters the volume…

S. Sudan threatens legal action over oil ‘theft’

South Sudan will take legal action against Sudan and any companies engaging in the “theft” of its oil exports, the country’s oil ministersaid on Friday. Stephen Dhieu Dau branded any sale of southern oil confiscated by Sudan “an illegal act,” in response to Khartoum’s announcement on Wednesday that it would take 23 percent of…