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  • SINGAPORE, Oct 20- U.S. crude futures bounced back above $83 a barrel on Monday after a three-week fall that pulled prices to their lowest since 2012 amid abundant supply and slack demand. *U.S. crude for November delivery was up 67 cents at $83.42 a barrel by 2355 GMT. *Indonesia's President-elect Joko Widodo plans to order the steepest rise in subsidized fuel...

  • Iran says number of foreign tourists surges Saturday, 18 Oct 2014 | 12:49 PM ET

    TEHRAN, Iran— The number of foreigners visiting Iran jumped dramatically over the 12- month period ending in March, with 35 percent more tourists compared to the same period a year earlier, Iran's top tourism official said Saturday. Masoud Soltanifar said on state TV that the thriving industry could help boost Iran's economy out of recession and bring in...

  • NEW DELHI, Oct 17- Indian refiners will pay $500 million to Iran next week, the second installment in an interim deal that allows Tehran to recover part of overseas frozen oil revenues that are payments for oil it has sold, two industry sources said in Friday. Iran and the United States, China, France, Germany, Britain and Russia agreed in July to extend a six-month...

  • The Tehran Stock Exchange is "the last, large untapped emerging market in the world", said Ramin Rabii, managing director of Turquoise Partners, a Tehran- based investment firm with around $200 million of assets under management. Talks between Iran and world powers in Vienna this week aim to reach a deal on Tehran's disputed nuclear programme.

  • India's Jan-Sept Iran oil imports up 38 pct y/y -trade Wednesday, 15 Oct 2014 | 2:37 AM ET

    *India's total Sept oil imports drop 1.9 pct y/y- trade. NEW DELHI, Oct 15- India's oil imports from Iran rose 38 percent in the first nine months of the year as shipments surged with an easing of Western sanctions over Tehran's suspected nuclear activities, tanker arrival data obtained from trade sources shows. Diplomats from the United States, the European Union...

  • LONDON, Oct 14- Iran, in a change of tack, is saying it can live with lower oil prices, moving closer to the views of Saudi Arabia and other Gulf OPEC members and reducing the likelihood of any collective cut in OPEC output to support prices. OPEC's traditionally second-largest producer is normally among the first members of the Organization of the Petroleum...

  • Why the US should take PKK off the terror list Thursday, 9 Oct 2014 | 3:44 PM ET
    A picture taken on August 21, 2014 shows women Kurdistan Workers Party (PKK) patrolling on the front line in the Makhmur area, near Mosul, during the ongoing conflict against Islamic State (IS) jihadists.

    Turkey is on the verge of a civil war. The US can help by taking the PKK off the terror list, says former State Dept. adviser David Phillips.

  • Brent for November delivery was down 41 cents at $90.97 by 1200 GMT, having fallen to $90.83 earlier. The front-month contract fell as low as $90.57 on Wednesday, the lowest since June 2012, before recovering to close at $91.38- still down 73 cents. November crude lost 12 cents to $87.19 after closing $1.54 down in the previous session, during which it hit its lowest...

  • LONDON, Oct 9- Brent oil fell to $91 a barrel on Thursday, heading back to over two year lows, as a supply glut and concerns about global growth have pushed it 20 percent down from its peak in June. Brent for November delivery was down 34 cents at $91.04 by 1005 GMT, having fallen to $90.98 minutes earlier. The front-month contract fell as low as $90.57 on Wednesday, the...

  • LONDON, Oct 9- Brent oil futures steadied above $91 a barrel on Thursday, supported by a slide in the dollar but a glut in supply and concerns about global growth kept it not far above a 27 month low hit in the previous day. Brent for November delivery was up 26 cents at $91.64 by 0819 GMT. The front-month contract fell as low as $90.57 on Wednesday, the lowest since June...

  • SINGAPORE, Oct 9- Brent crude futures rose towards $92 a barrel on Thursday, after rebounding from a 27- month low hit in the previous session as the U.S. dollar weakened on the possibility the Federal Reserve could hold off raising interest rates. Low interest rates "might be around for a little bit, which is supportive for commodities, not just oil," said Mark Keenan,...

  • SINGAPORE, Oct 9- Brent crude futures held steady above $91 a barrel on Thursday, after rebounding from a 27- month low hit in the previous session as the U.S. dollar weakened on the possibility the Federal Reserve could hold off raising interest rates. Low interest rates "might be around for a little bit, which is supportive for commodities, not just oil," said Mark...

  • SINGAPORE Oct 9- Brent crude futures held steady above $91 a barrel on Thursday, after rebounding from a 27- month low hit in the previous session as the U.S. dollar weakened on the possibility the Federal Reserve could hold off raising interest rates. Low interest rates "might be around for a little bit, which is supportive for commodities, not just oil," said Mark...

  • SINGAPORE Oct 9- U.S. crude futures climbed towards $88 a barrel on Thursday, rebounding after falling to their lowest level in 18 months on a weaker dollar and a draw on inventories at the Cushing delivery hub. *U.S. crude inventories surged by 5 million barrels in the week to Oct. 3, far higher than the 1.5 million barrel build forecast by analysts, data from the U.S....

  • DUBAI/ BRUSSELS, Oct 8- The top diplomats of the United States, Iran and the European Union will meet in Vienna next week, accelerating efforts to clinch a long-elusive deal to end a dispute over Tehran's nuclear program by a Nov. 24 deadline. Iran and the world powers- the United States, France, Germany, China, Russia and Britain- have held a series of meetings since early...

  • *Iran to hold its biggest investment forum in years in London. *But sanctions remain, Britain won't encourage Iran trade. But the Europe-Iran Forum is being held at a politically sensitive moment as world powers try to reach a deal with Iran on its nuclear program before a Nov. 24 deadline.

  • Iran aims for tempting new oil contracts soon Wednesday, 8 Oct 2014 | 5:57 AM ET

    Iran wants Western oil companies to revive its giant, ageing oilfields and develop new oil and gas projects and has been preparing a new investment model for oil contracts as part of its drive to win back Western business. The OPEC producer is in talks with six Western powers to reach a deal to limit Tehran's nuclear programme- which could end sanctions on oil...

  • DUBAI, Oct 8- Iran and major powers are set to hold multilateral and bilateral nuclear talks in the coming days in Vienna, Iran's foreign ministry said on Wednesday. The discussions, between Iran and the five permanent members of the U.N. Security Council plus Germany, are aimed at settling a more than decade long dispute over Tehran's nuclear work.

  • LONDON, Oct 6- International banks are shying away from processing humanitarian deals with Iran for fear being fined for breaking Western sanctions, despite moves intended to facilitate the trade, a senior Iranian banker said. The sanctions regime, imposed by the United States and European Union over Tehran's nuclear program, allows trade in humanitarian...

  • *Iran steel exports surge to 1.26 mln T from Jan- July 2014. *Foreign firms line up to tap Iran steel sector- Tehran. LONDON/ MOSCOW, Oct 5- Iran is increasing steel exports and courting foreign investors in an ambitious bid to quadruple steel output in a decade and replace at least a small part of the massive revenue it loses due to sanctions on its oil sales.