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China extends Iran oil import cuts, supply talks to resume

BEIJING (Reuters) - China will halve its crude oil imports from Iran in March compared to average monthly purchases a year ago, as a dispute over payments and prices stretches into a third month, oil industry sources involved in the deals said on Monday. China is the top buyer of Iranian oil, taking around 20 percent of total exports, but it has since January cut purchases by around 285,000 ...

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 of Iranian crude oil stored at sea had risen to as much as 8 million barrels and was ...

Decrease in solar installation costs causes governments to make incentive cuts

The price of solar products decreased around 50% in 2011 due to a demand freeze and oversupply. This has caused the cost of installing solar PV systems to drop rapidly.

CIGS thin-film solar products get more attention

The price drop of mainstream polysilicon solar modules has put thin-film solar module firms in turmoil. Some industry observers believe for solar firms to grow, they need to find a niche market like First Solar with thin-film solar products.

Iran says oil ban won't halt nuclear work

Iran's oil minister said the Islamic state would not retreat from its nuclear program even if its crude oil exports grind to a halt, the official IRNA news agency reported on Saturday.