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  • NEW YORK, Nov 6- Oil markets fell back on Thursday after a one-day spike as worries about high supplies returned to haunt traders, while the dollar pressed on with its rally which weighed on commodities priced in the currency. Benchmark Brent was down 60 cents, or 0.7 percent, at $82.35 a barrel by 11:20 a.m. EST. U.S. crude was off $1.05, or 1.3 percent, at $77.63, after...

  • Obama: Iran negotiating seriously for 1st time     Wednesday, 5 Nov 2014 | 3:29 PM ET

    President Obama provides his perspective on negotiations with Iran on a nuclear agreement. Obama says the negotiations have been constructive and the "unprecedented" sanctions have worked.

  • NEW DELHI, Nov 5- Indian refiners completed payment of $900 million in frozen oil revenues to Iran on Wednesday under an interim deal that eased some sanctions against Tehran over its disputed nuclear work, said industry sources with direct knowledge of the matter. Iran and the United States, China, France, Germany, Britain and Russia agreed in July to extend the...

  • NEW YORK, Oct 31- U.S. authorities are investigating London- based Standard Chartered Plc for potential U.S. sanctions violations connected to its banking for Iranian-controlled entities in Dubai, according to people familiar with the probe. Investigators also learned that the company used to have an account with Standard Chartered, according to the source.

  • Homosexual laws around the world     Thursday, 30 Oct 2014 | 1:03 PM ET

    Iran is one of seven countries where you can be put to death for being homosexual, explains CNBC's Michelle Caruso-Cabrera.

  • Sees Q1 2015 WTI crude at $75/ bbl vs $90/ bbl previously. Oct 27- Goldman Sachs has slashed its 2015 oil price forecasts, making it the most bearish among major financial institutions, adding pressure on Monday to crude futures that have already tanked near 25 percent over the past five months. Goldman analysts said in a report released late on Sunday that they...

  • *Sees Q1 2015 WTI crude at $75/ bbl vs $90/ bbl previously. Oct 27- Goldman Sachs has slashed its 2015 oil price forecasts, making it the most bearish among major financial institutions, following a near 25 percent fall in crude prices over the past five months. Goldman analysts said in a report released late on Sunday that they expect U.S. benchmark West Texas...

  • *Sees Q1 2015 WTI crude at $75/ bbl vs $90/ bbl previously. *Sees Q1 2014 Brent at $85/ bbl vs $100/ bbl previously. Goldman analysts said in a report released late on Sunday that it expects U.S. benchmark West Texas Intermediate crude to fall to $75 a barrel and Brent to $85 a barrel in the first quarter of 2015, both down $15 a barrel from its previous forecast.

  • US needs to be more proactive on ISIS Wednesday, 22 Oct 2014 | 4:28 PM ET
    President Barack Obama delivers a prime time address from the Cross Hall of the White House on September 10, 2014 in Washington, DC.  Vowing to target the Islamic State with air strikes "wherever they exist".

    The US has only jumped into ISIS battles at the last minute to avert disaster. It's time to get ahead, says David Phillips.

  • The Treasury official heading the ISIS attack Wednesday, 22 Oct 2014 | 10:45 AM ET
    David Cohen, under secretary for terrorism and financial intelligence at the Treasury Department

    David S. Cohen, the Treasury Department's intelligence strategist and global enforcer, makes sure illicit funds do not go to terrorists. NYT reports.

  • *Jan-Sept crude imports from Iran at 570,350 bpd, up 33 pct on yr. BEIJING, Oct 22- China's September crude oil imports from Iran rose 5.8 percent from a year earlier to 503,261 barrels per day, in an expected rebound after a fall in the previous month, customs data showed on Wednesday. China's September imports from Iran rebounded from August's 311,653 bpd, the lowest...

  • SINGAPORE, Oct 20- U.S. crude futures bounced back above $83 a barrel on Monday after a three-week fall that pulled prices to their lowest since 2012 amid abundant supply and slack demand. *U.S. crude for November delivery was up 67 cents at $83.42 a barrel by 2355 GMT. *Indonesia's President-elect Joko Widodo plans to order the steepest rise in subsidized fuel...

  • NEW DELHI, Oct 17- Indian refiners will pay $500 million to Iran next week, the second installment in an interim deal that allows Tehran to recover part of overseas frozen oil revenues that are payments for oil it has sold, two industry sources said in Friday. Iran and the United States, China, France, Germany, Britain and Russia agreed in July to extend a six-month...

  • New Saudi reality: OPEC isn't a monopoly anymore Thursday, 16 Oct 2014 | 12:54 PM ET
    The Aramco oil refinery in Dahran, Saudi Arabia.

    Oil prices are falling, but Saudi Arabia has indicated that it's willing to put up with cheaper crude oil for now.

  • The Tehran Stock Exchange is "the last, large untapped emerging market in the world", said Ramin Rabii, managing director of Turquoise Partners, a Tehran- based investment firm with around $200 million of assets under management. Talks between Iran and world powers in Vienna this week aim to reach a deal on Tehran's disputed nuclear programme.

  • India's Jan-Sept Iran oil imports up 38 pct y/y -trade Wednesday, 15 Oct 2014 | 2:37 AM ET

    *India's total Sept oil imports drop 1.9 pct y/y- trade. NEW DELHI, Oct 15- India's oil imports from Iran rose 38 percent in the first nine months of the year as shipments surged with an easing of Western sanctions over Tehran's suspected nuclear activities, tanker arrival data obtained from trade sources shows. Diplomats from the United States, the European Union...

  • Short rally has Cramer catching his breath Tuesday, 14 Oct 2014 | 6:13 PM ET

    Though there was progress on Tuesday with a short market rally, there's still work to be done to achieve Cramer's market rally checklist.

  • LONDON, Oct 14- Iran, in a change of tack, is saying it can live with lower oil prices, moving closer to the views of Saudi Arabia and other Gulf OPEC members and reducing the likelihood of any collective cut in OPEC output to support prices. OPEC's traditionally second-largest producer is normally among the first members of the Organization of the Petroleum...

  • Why the US should take PKK off the terror list Thursday, 9 Oct 2014 | 3:44 PM ET
    A picture taken on August 21, 2014 shows women Kurdistan Workers Party (PKK) patrolling on the front line in the Makhmur area, near Mosul, during the ongoing conflict against Islamic State (IS) jihadists.

    Turkey is on the verge of a civil war. The US can help by taking the PKK off the terror list, says former State Dept. adviser David Phillips.

  • Brent for November delivery was down 41 cents at $90.97 by 1200 GMT, having fallen to $90.83 earlier. The front-month contract fell as low as $90.57 on Wednesday, the lowest since June 2012, before recovering to close at $91.38- still down 73 cents. November crude lost 12 cents to $87.19 after closing $1.54 down in the previous session, during which it hit its lowest...