Energy Blast – Sept 16, 2008

The price of crude oil has fallen to a seven month low. A new report by the International Atomic Energy Agency says that Iran has substantially improved its nuclear enrichment facilities whilst continuing to stall a UN investigation. France’s Total is in talks with state-run Kazakh oil producer KazMunaiGaz over Eni’s position as operator of the Kashagan field. The economic crisis is having a particularly damaging effect on the renewable energy sector.