Flynt Leverett, Former National Security Council Senior Director for Middle East Affairs (2002 -2003), explains why he's skeptical that a final deal with Iran can be reached by the new deadline.» Read More
*South Korea, Japan refiners to take first two U.S. cargoes. *Iran condensate exports to China made at deep discounts. While buyers in Japan and South Korea have been willing to trial a U.S. grade of the super-light crude known as condensate, China has already locked in annual contracts with Tehran and is not expected to take any U.S. oil in the short-term.
A truce in the Gaza Strip has collapsed after a barrage of rockets fired by Palestinian militants was met with fierce Israeli shelling.
It was not immediately clear if Hamas Islamists, who control the coastal enclave, were also willing to prolong the ceasefire.
*India owed Iran $4.6 bln for oil imports as of May 31. NEW DELHI, July 24- India paid a third and final instalment of $550 million to Iran on Thursday, three industry sources said, part of the frozen funds released to Tehran in the interim deal with world powers.
SINGAPORE, July 24- U.S. crude was little changed near $103 a barrel in early Asian trading on Thursday, holding on to previous day gains due to a higher-than-expected decline in crude inventories. Geopolitical tensions in Eastern Europe and the Middle East helped underpin oil prices, but had yet to cause disruptions to well-supplied global crude markets.
Republican lawmakers introduced legislation on Wednesday that would force President Barack Obama to submit quickly to Congress any comprehensive nuclear agreement with Iran and give lawmakers the chance to reject the deal and reimpose sanctions.
Israeli forces pounded the Gaza Strip, sending thousands of residents fleeing, and said it was meeting stiff resistance from Hamas Islamists.
NEW YORK, July 21- Major global stock markets fell and bond prices rallied on Monday as worries over conflict in the Gaza Strip and Ukraine raised uncertainty for investors and kept them away from riskier assets.
NEW YORK, July 21- U.S. crude pared gains Monday as President Barack Obama spoke about addressing violence in Ukraine which has heightened the geopolitical risk premium. Investors remained on edge Monday, keeping an eye on the crisis between Moscow and the West after the downing of a civilian airliner in Ukraine pushed up oil prices last week.
NEW YORK, July 21- Major global stock markets declined and bond prices rallied on Monday as worries over the Gaza Strip and Ukraine overshadowed optimism over corporate earnings.
BRUSSELS— The European Union has agreed to keep holding off on some sanctions against Iran as negotiations continue on a comprehensive deal restricting the Islamic republic's nuclear program. On Saturday, they were extended until Nov. 24. On Monday, the EU extended its suspension of those sanctions, also until Nov. 24.
*June crude imports from Iran at 531,200 bpd, up 38 pct y/y. BEIJING, July 21- China's crude imports from Iran in the first half of the year were up nearly 50 percent, although shipments in June dropped nearly a third from May to the lowest level in four months.
LONDON, July 21- Brent crude oil steadied around $107 a barrel on Monday after world powers extended talks with Iran and eased sanctions on the Islamic republic slightly, opening the possibility of an eventual deal and further Iranian oil sales.
*China's Iran crude imports at 531,200 bpd +38 pct y/y, -30 pct on m/m. BEIJING, July 21- China's crude oil imports from Iran expanded 38 percent in June from a year ago, although the shipments were also at their lowest level in four months, customs data showed on Monday.
LONDON, July 17- A Malaysian airliner was brought down over eastern Ukraine on Thursday, killing all 295 people aboard and sharply raising the stakes in a conflict between Kiev and pro- Moscow rebels in which Russia and the West back opposing sides.
HRABOVE, Ukraine, July 17- A Malaysian airliner was brought down over eastern Ukraine on Thursday, killing all 295 people aboard and sharply raising the stakes in a conflict between Kiev and pro- Moscow rebels in which Russia and the West back opposing sides.
*Iran seeks broad sanctions relief in nuclear deal. BRUSSELS/ VIENNA, July 17- With talks between world powers and Iran over a broad nuclear accord at an impasse, Western governments are considering offering a significant easing of sanctions early on in the process to try to wring concessions from Tehran, diplomats say.
NEW YORK, July 17- President Barack Obama aimed a direct blow at Russia's economic heart on Wednesday with sanctions on Rosneft, the flagship oil giant that generates more than 4 percent of the world's crude and over 8 percent of the country's GDP.
SEOUL, July 17- U.S. crude futures extended gains in early Asian trade on Thursday after rallying more than $1 in the previous session, supported by government data showing a sharper fall in U.S. crude stocks than forecast. *U.S. crude for August delivery gained 30 cents to $101.50 a barrel as of 0007 GMT.
*China data catalyst for Brent to climb towards $108- analyst. SINGAPORE, July 16- Brent crude held above $106 a barrel on Wednesday as data from China showed its economy grew faster than expected in the second quarter and the country's implied oil demand rose to its highest since the beginning of last year.