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23/01/2012
Iran Embargo Could Hit Oil Price – Tanaiste
The Taniaste has said the embargo on the newly introduced embargo on Iran could hit fuel prices here.
EU foreign ministers agreed to an embargo on Monday afternoon in an effort to pressurize the country into cancelling its nuclear programme.
Oil prices rose to $111 on Monday afternoon after EU foreign ministers agreed to the ban of imports of Iranian oil from the start of July.
The ban has been met with further threats from the Iranian Government to close key shipping channel, the Strait of Hormuz, which will significantly choke off much of the western world's oil supply.
Mr Gilmore said there was no doubt that the embargo would have an impact on oil prices, but it was difficult to quantify just how much petrol, diesel and home heating oil would increase by.
"While this is clearly an issue for consumers, the expected price increase has to be weighed against the seriousness of the problem of Iran's nuclear programme."
(DW)
EU foreign ministers agreed to an embargo on Monday afternoon in an effort to pressurize the country into cancelling its nuclear programme.
Oil prices rose to $111 on Monday afternoon after EU foreign ministers agreed to the ban of imports of Iranian oil from the start of July.
The ban has been met with further threats from the Iranian Government to close key shipping channel, the Strait of Hormuz, which will significantly choke off much of the western world's oil supply.
Mr Gilmore said there was no doubt that the embargo would have an impact on oil prices, but it was difficult to quantify just how much petrol, diesel and home heating oil would increase by.
"While this is clearly an issue for consumers, the expected price increase has to be weighed against the seriousness of the problem of Iran's nuclear programme."
(DW)
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Figures released by the European Commission show that the Irish pay almost a quarter more than the European average for fuel. In their weekly oil bulletin surveying the price of petroleum products in EU, pre-tax prices for petrol in Ireland on November 24th last were 24% higher than the European Union average.
04 November 2008
Consumer Agency Launches Fuel Price Investigation
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Consumer Agency Launches Fuel Price Investigation
The National Consumer Agency has launched an investigation into the price of fuel, and will issue a report to the Tanaiste, according to an announcement this morning. The report is examining wholesale costs of fuel and oil and retail prices charged on the forecourts, which the agency says it has been tracking for sometime.
26 September 2008
Kilkenny To Lose 221 Mining Jobs
Following late night talks on Thursday, it has emerged Galmoy Mines in north Co Kilkenny is to close with the loss of 221 jobs. Talks between the union, SIPTU, and management went on throughout the night before news broke that the company will go out of operation within two years, and the mine will close down on a phased basis from December.
Kilkenny To Lose 221 Mining Jobs
Following late night talks on Thursday, it has emerged Galmoy Mines in north Co Kilkenny is to close with the loss of 221 jobs. Talks between the union, SIPTU, and management went on throughout the night before news broke that the company will go out of operation within two years, and the mine will close down on a phased basis from December.
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