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  • SINGAPORE, April 17- U.S. crude futures slipped towards $56 a barrel on Friday as soaring oil production from OPEC members stoked concerns over a global glut, but Middle East tensions kept a floor under prices. It climbed 32 cents to settle at $56.71 the day before, after hitting a 2015- high of $57.42. *Russian President Vladimir Putin said Iran's flexibility over...

  • MOSCOW, April 16- President Vladimir Putin tried to reassure Russians over the ailing economy and said Washington wanted "vassals" rather than allies in his annual phone-in on Thursday, but offered no new financial remedies and gave no ground over Ukraine. For nearly four hours, the Russian leader fielded mostly tame questions from across the country on...

  • NEW DELHI, April 16- An Indian delegation will visit Iran this week to scout for investment opportunities ahead of an anticipated nuclear deal between the OPEC- member and world powers that would soften sanctions against the country, sources privy to the plan said. India is Iran's biggest oil client after China although its imports from Tehran have declined...

  • MOSCOW, April 16- President Vladimir Putin said on Thursday Russia's economy could return to growth in less than two years, despite Western sanctions which he said were intended to "contain" his country. In a confident performance during a televised call-in show, Putin sounded defiant and patriotic, assuring viewers that Russia will survive an economic crisis...

  • Bible stories and thrillers make Morocco filming choice Thursday, 16 Apr 2015 | 6:16 AM ET

    But while the arched doorways, balconies and furnishings all say Roman-era Israel, the real-life setting is southern Morocco. Viewers in America and elsewhere in the world may not know it but they have seen a lot of Morocco in the past year. "Morocco has also been Somalia numerous times, including in the 2001 film" Blackhawk Down, "and more recently in the 2013" Captain...

  • SINGAPORE, April 16- U.S. crude futures dropped below $56 on Thursday on disappointing U.S. economic data and renewed concerns about global oversupply, but conflict in the Middle East put a floor under prices. *Conflict in Yemen has halved its oil output to 60,000 barrels per day in April and fuelled concerns about the security of Middle East oil supplies, the...

  • Russian officials said on Monday Russia was sending grain, equipment and construction materials to Iran in an oil-for-goods exchange, the first step in securing a foothold in a new market since the West imposed sanctions on Russia over Ukraine. Politically sensitive talks are now in their final stages on a deal to end a decades-old dispute on the nuclear...

  • MOSCOW, April 15- Russian Energy Minister Alexander Novak said on Wednesday companies were discussing terms for a barter deal with Iran and that no oil deliveries to Russia were planned. Novak told reporters: "There are negotiations between companies, they are working on the terms. Russia announced earlier this week that a long-discussed oil-for-assets deal...

  • *OPEC output surges in March, may be sustained in April. LONDON, April 15- World oil markets may take longer to tighten than expected due to a surge in OPEC supply and a potential rise in Iranian exports, even as demand shows signs of strength, the International Energy Agency said on Wednesday. OPEC production surged to 31.02 million barrels per day in March, almost a...

  • Secretary of State John Kerry said on Wednesday he was confident Barack Obama would be able to get Congress to approve a nuclear deal with Iran after the U.S. president acknowledged lawmakers would have the power to review an accord with Tehran. In what was seen as a setback for Obama, the U.S. president agreed on Tuesday that Congress should have the power to...

  • President Barack Obama would be able to negotiate a final nuclear deal with Iran after a framework accord was agreed between Tehran and six world powers earlier this month. "Looming large is the challenge of finishing the negotiation with Iran over the course of the next two and a half months," Kerry said after arriving in Germany for a Group of Seven foreign...

  • WASHINGTON— Legislation empowering Congress to reject an emerging Iran nuclear pact is expected to sail through both houses of Congress, leaving President Barack Obama with the tough task of selling the deal to skeptical lawmakers. Despite the resistance from the White House, lawmakers from both parties insisted that Congress have a formal role in...

  • In setback, Obama concedes Congress role on Iran deal Wednesday, 15 Apr 2015 | 2:26 AM ET
    President Barack Obama

    U.S. President Barack Obama conceded on Tuesday that Congress will have the power to review a nuclear deal with Iran.

  • SEOUL, April 15- South Korea's imports of Iranian crude doubled in March from a year earlier but the country's oil shipments from the OPEC country in the first quarter of this year fell 16 percent year- on-year to meet international sanction requirements. Iran and the United States, Britain, France, Russia, China, and Germany reached a preliminary deal on Iran's...

  • SINGAPORE, April 15- U.S. crude futures climbed towards $54 a barrel in early Asian trade on Wednesday, buoyed by a smaller than expected build in U.S. crude inventories, Middle East tensions and a weaker dollar. *U.S. crude for May delivery rose 15 cents to $53.44 as of 0003 GMT after settling $1.38 higher in the previous session to surge above its 100- day moving...

  • President Barack Obama conceded on Tuesday that Congress will have the power to review a nuclear deal with Iran, reluctantly giving in to pressure from Republicans and some in his own party after they crafted a rare compromise demanding a say. The role for the Republican-controlled Congress injects a new element of uncertainty into the delicate final stages...

  • President Barack Obama dropped his opposition on Tuesday to a bill giving Congress a voice on a nuclear deal with Iran after members of his Democratic Party negotiated changes to the bill that had won strong support from both parties. White House spokesman Josh Earnest said Obama, who had said he would veto the proposed bill because it could scuttle the...

  • *Strong support now expected in Congress. White House spokesman Josh Earnest said Obama, who earlier had said he would veto the proposed bill because he feared it would scuttle the emerging Iran deal, could accept compromises that have emerged and have drawn bipartisan Senate support. Committee Chairman Bob Corker and the panel's top Democrat, Senator Ben...

  • Crucial vote on Iran   Tuesday, 14 Apr 2015 | 1:54 PM ET
    Crucial vote on Iran

    CNBC's Eamon Javers reports the latest on efforts by Treasury Secretary Jack Lew and Secretary of State John Kerry's to vote on Iran legislation. Sen. James Risch, Republican from Idaho, provides perspective.

  • revisions to a bipartisan bill that would allow Congress to vote on an international agreement to rein in Iran's nuclear program. The revisions would shorten the time in which Congress can review any final nuclear agreement and soften a requirement that Obama certify that Iran is not supporting acts of terrorism against the United States or its citizens...