Russia and Iran have yet to agree on details of an oil-for-food deal, highlighting global pressures on both countries.» Read More
*China and India still top buyers of Iran's oil. LONDON, Aug 6- Iran's oil exports slipped for a second month in July, yet sales remained above the limit set by the West under an interim deal aimed at curbing Iran's nuclear program, according to sources who track tanker shipments.
A Gaza ceasefire hes held and U.S. Secretary of State John Kerry linked a lifting of blockades of the devastated enclave to Hamas giving up its rocket arsenal.
London, Aug 6- Brent crude oil rose towards $105 a barrel on Wednesday, bouncing from its lowest close in nine months after industry data showed a large drop in U.S. crude stocks last week.
SINGAPORE, Aug 6- Brent crude rose towards $105 a barrel on Wednesday, bouncing off a nine-month low hit in the previous session after industry data showed a large drop in U.S. crude stocks last week. The Brent oil contract for prompt delivery advanced 20 cents to $104.81 per barrel by 0506 GMT, after settling on Tuesday at its lowest since Nov. 7 last year.
SINGAPORE, Aug 6- Brent crude rose to around $105 a barrel on Wednesday, bouncing off a nine-month low hit in the previous session after industry data showed a large drop in U.S. crude stocks last week. The Brent oil contract for prompt delivery advanced 30 cents to $104.91 per barrel by 0335 GMT, after settling on Tuesday at its lowest since Nov. 7 last year.
*U.S. crude for September delivery gained 30 cents to $97.68 a barrel by 0023 GMT after falling to as low as $97 on Tuesday, its weakest since Feb. 5. *The data helped oil prices recover from losses on Tuesday when worries over plentiful supplies in Europe and North America outweighed fears that violence in the Middle East and North Africa could disrupt production.
MOSCOW, Aug 5- Months of oil talks between Russia and Iran, both heavily sanctioned by the West, took an unexpected twist on Tuesday when Moscow first announced it had agreed with Tehran to help it sell its crude- only to withdraw the statement shortly afterwards.
The US should help the Iraqi Kurds oppose the Islamic State, which is overrunning Iraq, says former WH adviser David L. Phillips.
An Israeli air strike killed at least 10 people and wounded about 30 others on Sunday in a U.N.-run school in the southern Gaza Strip, witnesses said.
*Food and medicine exempt from U.S., EU sanctions on Iran. LONDON/ ANKARA, Aug 1- It should have been a routine delivery of vegetable oil to Iran for making margarine; instead the tanker spent months in the Gulf as banks held up payment for the cargo, fearing they would run foul of international sanctions.
*Asia's Iran imports rise 31 pct y/y to 1 mln bpd in June. TOKYO, July 31- Iran's biggest clients took in a quarter more oil in the first six months of 2014 than in the same period of last year, with China and India holding to the higher volumes they started after the agreement that relaxed Western sanctions on Tehran.
*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.