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  • NEW DELHI, July 2- India's oil imports from Iran fell by about 23 percent over January-June as refiners curtailed shipments in the early months of the year to keep volumes within the limits allowed under an interim nuclear deal in place since the end of 2013.. India shipped in 216,500 barrels per day of oil from Iran in the first six months of 2015 compared with...

  • July 1- U.S. crude oil futures' discount to Brent, one of the biggest plays in oil, widened to more than $5 a barrel for the first time in three weeks on Wednesday after U.S. government data showed a surprise inventory build. "The bottom line is the overall U.S. stock build is weighing on heavily on WTI, and the Cushing build is adding to that," said Tariq Zahir, an oil trader and...

  • *OPEC output rises to three-year high. LONDON, July 1- Oil fell to trade further below $63 a barrel on Wednesday after U.S. crude inventories unexpectedly rose, the latest sign of a supply glut that may increase if Iran reaches a nuclear deal with world powers. "The oil market is being literally flooded with OPEC crude oil at present," said Carsten Fritsch, analyst at...

  • POLL-Iran oil exports could jump by 60 pct in a year Wednesday, 1 Jul 2015 | 5:59 AM ET

    LONDON/ BENGALURU, July 1- Iran will increase its oil exports by up to 60 percent within a year if it can agree a nuclear deal with world powers bringing an end to sanctions, a Reuters survey of analysts said on Wednesday. A poll of 25 oil analysts from leading banks and brokerages forecast Iran would be able to raise crude oil output by between 250,000 and 500,000...

  • *Greece not able to repay 1.6 bln euros owed to IMF. *OPEC, U.S. output rises to multi-year highs. SINGAPORE, July 1- Oil prices fell over 1 percent on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund, and as both U.S. and OPEC production hit new records.

  • *OPEC, U.S. output rises to multi-year highs. SINGAPORE, July 1- Oil prices fell on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund and as both U.S. and OPEC production hit new records. "Iraqi crude production climbed to a record level this month, with OPEC crude oil output estimated to have reached...

  • *Iraq exports hit record despite Baghdad, KRG tension. LONDON, June 30- OPEC oil supply in June has climbed to a three-year high due to record or near-record output from Iraq and Saudi Arabia, a Reuters survey found, underlining the focus of the group's top exporters on market share. OPEC supply has risen in June to 31.60 million bpd from a revised 31.30 million bpd in...

  • Iran misses another nuke deadline Tuesday, 30 Jun 2015 | 7:35 AM ET
    Iran misses another nuke deadline

    Major sticking points still remain as talks are set to go beyond today's deadline, reports Ali Arouzi, NBC News.

  • *Eyes on Iran nuclear talks in Vienna. Brent for August was up 60 cents at $62.61 a barrel by 0925 GMT, after falling to $61.35 on Monday, its weakest since June 5. U.S. crude was up 30 cents at $58.63, having closed down $1.30 at $58.33 a barrel.

  • TOKYO, June 30- Oil futures hovered below three-week lows on Tuesday as investors waited for developments in Greece following a bank shutdown, keeping them away from riskier assets and putting Brent crude on course for a second month of declines. Brent crude futures were down 3 cents at $61.98 a barrel at 0624 GMT, after falling to $62.01 on Monday, their weakest...

  • *Jan-May imports from Iran slightly over 1 mln bpd. A deal between Iran and six world powers would resolve a 12- year standoff over the Islamic nation's nuclear work in exchange for relief from sanctions, which could eventually send millions of barrels flooding into an already saturated market. Iran, the United States, Britain, France, Germany, Russia and China...

  • Iran deal's impact on oil won't be instant: Pro Tuesday, 30 Jun 2015 | 12:31 AM ET
    Iran deal's impact on oil won't be instant: Pro

    Even if there is a successful nuclear deal, Iran will need some time to ramp up oil production due to years of underinvestment, says Azlin Ahmad, editor, crude oil at Argus Media.

  • *Worried about Greece, investors shun riskier assets. NEW YORK, June 29- Crude futures hit 3- week lows on Monday as Greece shut its banks and imposed capital controls, causing widespread risk aversion, while Iran looked likely to extend nuclear negotiations with the West to export more of its oil into an oversupplied market. "It's all about Greece today," said oil...

  • *France asks firms to get ready for return to post-sanctions Iran. VIENNA, June 29- France has asked its firms to prepare a return to Iran ahead of a likely deal with powers to curb Tehran's nuclear program, but Paris' tough stance in talks and ties with Sunni Arab states means its "love-hate" relationship with Iran will continue. Despite a long history of commercial,...

  • *Oil market also eyeing Iran nuclear negotiations. NEW YORK, June 29- Crude futures hit 3- week lows on Monday as Greece shut its banks and imposed capital controls, causing widespread risk aversion, while Iran looked likely to extend nuclear negotiations with the West to export more of its oil into an oversupplied market. Also, the Iran deadline for a nuclear pact...

  • Kerry runs into nuke talks roadblock: Iran analyst Monday, 29 Jun 2015 | 11:39 AM ET
    Secretary of State John Kerry (left) and Iranian Foreign Minister Javad Zarif

    Iran needs a nuclear deal, but it appears the U.S. wants the agreement more, Karim Sadjadpour, senior associate at the Carnegie Endowment, says.

  • *Investors shun riskier assets on Greece fears. *Oil market also eyeing Iran nuclear negotiations. LONDON, June 29- Oil fell more than $1 to around $62 per barrel on Monday, touching its lowest in three weeks, as Greece shut its banks and imposed capital controls, causing investors to flee from riskier assets and darkening the demand outlook.

  • July 9th Iran's 'real deadline': Expert Monday, 29 Jun 2015 | 7:48 AM ET
    July 9th Iran's 'real deadline': Expert

    A final nuclear agreement between Iran and six Western nations is due on Tuesday. Karim Sadjadpour, Carnegie Endowment, provides perspective.

  • *Investors shun riskier assets on Greece fears. *Oil market also eyeing Iran nuclear negotiations. LONDON, June 29- Oil fell more than $1 to below $62 per barrel on Monday, its lowest in three weeks, as Greece shut its banks and imposed capital controls, causing investors to flee from riskier assets and darkening the demand outlook.

  • VIENNA, June 29- A final deal to resolve the Iranian nuclear dispute could heighten domestic political tensions with two major elections looming in the Islamic Republic, analysts and officials said. Easing economic sanctions if a deal is reached will bolster President Hassan Rouhani's position within Iran's complex power structure bringing a political...