Russia Bans Oil Exports: Oil supply remains tight as Russia and Saudi Arabia have extended production cuts to the end of the year. "Oil supply is expected to underwhelm demand in the foreseeable future and therefore any weakness, even if it is achingly startling, should not last," said Tamas Varga, an analyst at oil broker PVM.
The world s top central banks, the U.S. Federal Reserve and the European Central Bank, have in recent days reiterated their commitment to fight inflation, signalling tight monetary policy may persist longer than previously anticipated. Higher interest rates slow economic growth, which curbs oil demand
The , whose main programs are fosters and adoptions and a low cost spay and neuter clinic, has made changes to its annual fundraiser, according to Executive Director Carolyn Niehaus.
would be ineffective. martha: yeah. the reason they brought it up in the first place, is all of these sanctions brought against them. their central bank being cracked down on and now the oil embargo from europe as well. how significant, how well are those working in opinion? well, i think there is less there than meets the eye. take the european sanctions by foreign ministers in brussels. number one the immediate impact is to stop new oil contracts with iran. all existing oil contracts are allowed to go through until july. number one. number two, you know, look the iranians have been aware of this possibility for 10 years. they have made contingency plans. and enforcement of the e.u. oil embargo as far as i can tell is basically left to each country. if you have an international oil broker who says no iranian oil in my shipments who will know? martha: forgive me, ambassador. we re short on time. thanks for being here. good stuff. thank you. bill: mitt romney calling