There is downside risk to oil prices in the second quarter as Saudi Arabia increases productions levels, a Barclays analyst said Monday.» Read More
Iran's supreme leader Ayatollah Ali Khamenei on Thursday accused Saudi Arabia of "genocide" in Yemen.
Tennessee's Barrasso tells CNBC he's worried about the repercussions of lifting sanctions in exchange for a nuclear deal.
As the crisis in Yemen continues, CNBC's Hadley Gamble discusses the response both from the White House and Saudi Arabia, and predicts what may happen next.
*OPEC needs to discuss output levels before next meeting. BEIJING, April 9- OPEC's strategy of holding output steady is not working and the group's members should discuss production levels before its next meeting in June, Iran's oil minister said, a sign of the pain lower prices are causing OPEC's less wealthy producers. Iran was among the OPEC members which...
Sen. John Barrasso, (R-Wyo.), discusses why he wants President Obama to come to the Senate to discuss alternatives to the Iran Nuclear Agreement Review Act.
The General Authority of Civil Aviation announced the move in a statement carried by the official Saudi Press Agency on Thursday. Tensions are high between Sunni powerhouse Saudi Arabia and its Shiite rival Iran. Critics see the Houthis as tools of Iran, but both the Islamic Republic and the rebels deny any direct military assistance from Tehran.
Years of billion-dollar weapons-deals with Gulf governments leave GCC well-placed to wage war. Hadley Gamble reports.
The U.S. needs to take a harder line on Iran's military nuclear program, says former Israeli Prime Minister Ehud Barak.
The U.S. government has tracked phone calls to about 116 countries linked with drug trafficking during the past 20 years, USA Today reports.
*Shell to buy BG Group for $70 billion. LONDON, April 8- Oil prices fell towards $57 a barrel on Wednesday after the largest weekly build in U.S. crude inventories since 2001 and as Saudi Arabia reported record output in March. The U.S. Energy Information Administration reported that U.S. stocks of crude oil rose in the week to April 3 by 10.9 million barrels- the...
TEHRAN, Iran— A senior official in Iran's judiciary says a court will hear the case of a detained Washington Post correspondent when it's his turn. Gholamhossein Esmaeili, the head of Tehran's justice administration, is quoted by the official IRNA news agency as saying Wednesday: " Jason Rezaian's case will be heard on turn." Rezaian has been the Post's...
OPEC should cut supply by 800,000 barrels per day or more to prevent a return of Iranian exports from weighing on prices, Libya's OPEC governor said.
*OPEC governor: production cut of at least 800,000 bpd needed. LONDON, April 8- OPEC should change course and cut oil supply by 800,000 barrels per day or more to prevent an expected return of Iranian exports from weighing on prices, Libya's OPEC governor said. "OPEC members, as a unit, need to re-evaluate their strategies," Samir Kamal, Libya's OPEC governor and head of...
Former Israeli Prime Minister Ehud Barak, discusses what the U.S.-Iran nuclear deal means for the Middle East and especially Israel.
*Iran wants latest technology, equipment to get fields going. BEIJING, April 8- Iran hopes to resolve differences with Chinese energy companies on oil and gas projects in the Islamic republic, as Tehran wants to be ready to raise output quickly after a potential lifting of sanctions this year, Iranian oil officials said on Wednesday. The officials are in China this...
Tehran officials are in Beijing this week to seek more oil sales, in a move that could pressure the U.S. to sign off on a sanction-lifting deal.
*Shell to buy BG Group for $70 billion. LONDON, April 8- Oil prices fell towards $58 a barrel on Wednesday as industry data showed a larger-than-expected weekly increase in U.S. stockpiles and as Saudi Arabia reported record output in March. Brent May crude was down $1.03 at $58.07 a barrel by 0816 GMT and U.S.
SINGAPORE, April 7- Oil prices fell more than a percent on Wednesday as industry data showed a larger-than-expected weekly build in U.S. stockpiles and as Saudi Arabia reported record output in March. "We're going to need to see a very big uptick in demand to offset that supply," Ben Le Brun, analyst at OptionsXpress in Sydney said. Brent May crude was down 61 cents at...
investing in iran tehran stock exchange sectors
The arrival of ISIS in Syria's capital threatens Syria's government and brings the group closer to some of the region's last stable countries.