Richard Mallinson, geopolitical analyst at Energy Aspects, and Peter Hutton, energy analyst at RBC Capital Markets, debate whether Iran could increase oil production as soon as sanctions are lifted next year.» Read More
LONDON, Dec 12- Iran has bought up to 100,000 tonnes of Indian raw sugar in rare deals as a wider number of foreign suppliers aim to sell Tehran agricultural commodities after last month's nuclear deal.
KOLKATA, India, Dec 12- India is waiting for Iran to tell it how to make payments for oil allowed under last month's deal with global powers on sanctions and will pay in instalments, Reserve Bank of India Deputy Governor H.R. Khan said on Thursday.
WASHINGTON, Dec 11- Nineteen people and companies in Europe and Asia acted as middlemen for Iranian airline Mahan Air, helping it procure supplies from the United States in violation of U.S. sanctions, the U.S. Commerce Department said on Wednesday.
Royal Bank of Scotland will pay $100 million to resolve U.S. probes into whether the bank violated U.S. sanctions laws against Iran, Sudan, Burma and Cuba.
LONDON, Dec 11- Oil rose above $109 a barrel on Wednesday, erasing earlier losses after closely-watched U.S. inventory data showed the biggest draw on crude oil stocks this year.
ISTANBUL, Dec 11- Turkey's state-run Halkbank can only resume processing Indian oil payments to Iran once Western sanctions are officially lifted following an interim deal in Geneva last month, a senior Halkbank official said on Wednesday.
*Two new pipelines set to drain oil from Cushing. LONDON, Dec 11- Oil edged down below $109 a barrel on Wednesday, shrugging off forecasts of surging global demand from the west's energy watchdog, while the market awaited U.S. data that is expected to show a drop in crude stockpiles.
*Two new pipelines set to drain oil from Cushing. LONDON, Dec 11- Oil held steady above $109 a barrel on Wednesday, shrugging off predictions from the West's energy watchdog of rising global demand as the market awaited U.S. data that is expected to show a drop in crude stockpiles.
*Two new pipelines set to drain oil from Cushing. SINGAPORE, Dec 11- Brent held steady above $109 a barrel on Wednesday as traders focused on the narrowing of its spread with U.S. futures ahead of U.S. inventory data that is forecast to show a drop in crude stockpiles.
*Two new pipelines set to drain oil from Cushing. SINGAPORE, Dec 11- Brent drifted above $109 a barrel on Wednesday as traders focused on the narrowing of its spread with U.S. futures ahead of U.S. inventories data that is forecast to show a drop in crude stockpiles.
SINGAPORE, Dec 11- Brent drifted above $109 a barrel on Wednesday as traders focused on the narrowing of its spread to U.S. futures ahead of U.S. inventories data that is forecast to show a drop in crude stockpiles.
SINGAPORE, Dec 11- U.S. oil futures traded at their highest in six weeks above $98 a barrel on Wednesday after U.S. data showed a larger-than-expected drop in crude inventories.
DUBAI, Dec 10- The world's largest gas reserves may tempt some energy companies back to Iran if sanctions are lifted, but Tehran is unlikely to become a significant gas supplier to Europe or Asia for at least a decade.
NEW DELHI, Dec 10- Indian and Iranian officials are meeting this week to discuss how to unlock the first oil payments to Iran since the United States and other world powers eased sanctions last month in exchange for curbs to Tehran's nuclear programme.
Last month six world powers and Tehran reached an interim deal that provided limited relief to Iran from economic sanctions, opening the way for some oil payments to resume.
KUWAIT, Dec 9- Saudi Arabia's dream of binding the Gulf Arab states into a union will get a sceptical hearing at a summit this week, with differences over Iran, Egypt and Syria demonstrating that the Gulf's absolute monarchs do not all speak with one voice.
MANAMA, Dec 7- The United States has a proven and enduring commitment to Middle East security, backed by diplomatic engagement and a fierce array of warplanes, ships, tanks, artillery and 35,000 troops, Pentagon chief Chuck Hagel told Gulf Arab leaders on Saturday.
*Severe weather cuts oil production in Europe, United States. SINGAPORE, Dec 6- Brent futures edged above $111 a barrel on Friday, on course to end the week more than 1 percent higher, as traders awaited a U.S. jobs report later in the day and severe weather cut oil production in Europe and the United States.
*Iran's Hosseini says Tehran wants to revive ageing oilfields. VIENNA, Dec 5- Iran's leading oil negotiator says Tehran wants Western oil companies to revive its giant ageing oilfields and develop new oil and gas projects once sanctions are lifted.
VIENNA, Dec 5- Paolo Scaroni of Italy's Eni met with Iranian Oil Minister Bijan Zanganeh on Thursday, the first western oil CEO to meet publicly with the minister since last month's interim nuclear deal.