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
TOKYO, Dec 2- U.S. crude extended gains on Monday after data from China over the weekend showed industrial activity in the world's No.2 crude buyer remained high despite worries the economy is facing a modest slowdown. *NYMEX crude for January delivery was up 31 cents at $93.03 a barrel by 0015 GMT, after settling up 42 cents on Friday.
KUWAIT, Dec 1- Iran said on Sunday it wanted stronger cooperation with U.S. ally Saudi Arabia, as it seeks to ease concerns among Gulf Arab neighbours about a potential resurgence in its influence following a nuclear deal with world powers.
*Peugeot, Renault officials attending Iran conference. *Foreign firms hope to revive Iran production. PARIS/ DUBAI, Nov 28- Peugeot and Renault are among Western firms sending executives to an automotive conference that opens in Iran on Saturday- firing the starting gun on a more overt race for post-sanctions business.
A deal struck last weekend between Iran and six world powers over Tehran's nuclear programme leaves U.S. and European oil sanctions in place for six months. Iran secured limited relief including an easing of a ban on European ship insurance, which could allow the transport of some oil to its Asian customers.
*Brent prices seen averaging $104.10 a barrel in 2014. The monthly survey of 27 analysts projected Brent crude oil would average $104.10 a barrel in 2014, down from this year's closing average price of $108.50.
*Japan crude imports from Iran fall 19 pct in Oct to 127,279. TOKYO, Nov 29- Asia's top buyers of Iranian crude cut purchases by about 15 percent so far this year but shipments may start rising after six world powers agreed this past Sunday to ease some sanctions on Iran in return for curbs on its nuclear programme.
*Populous, resource-rich Iran could be lucrative market. *German exports to a post-sanction Iran could hit 5 bln euros.
*U.S. crude rose 3 cents to $92.33 a barrel by 0027 GMT. There was no settlement price because of the Thanksgiving holiday in the United States. *Venezuela's oil minister said on Thursday that OPEC should maintain its current production levels at next week's meeting, and any easing of sanctions on Iran would let the group reorganize itself.
CARACAS, Nov 28- Venezuela's oil minister said on Thursday that OPEC should maintain its current production levels at next week's meeting, and any easing of sanctions on Iran would let the group reorganize itself.
CALGARY, Nov 28- Brent oil fell below $111 per barrel on Thursday, weighed down by a bigger-than-expected rise in U.S. crude stockpiles, although Libyan supply disruption kept prices supported. Brent crude fell 46 cents to $110.85 a barrel by 1810 GMT. U.S. oil fell 8 cents to $92.22, hovering near the lowest in almost six months.
*Parts in short supply for Iran's oldest 747, A300 jetliners. Nov 28- While foreign ministers raced to Geneva for a crucial phase of talks over Iran's nuclear activities earlier this month, passengers with the country's national airline faced a little-noticed drama on the other side of the world.
*Decision follows barrage of legal challenges from Iran. BRUSSELS, Nov 28- Europe's highest court struck down EU sanctions against an Iranian power company on Thursday, the latest legal ruling against measures that the European Union has imposed over Iran's nuclear programme.
*Libya struggles to pay salaries, more clashes erupt. LONDON, Nov 28- Brent oil fell to $111 per barrel on Thursday, weighed by a bigger-than-expected rise in U.S. crude stockpiles, but Libyan supply disruption kept prices supported. Brent crude fell 31 cents to $111 a barrel by 1220 GMT.
ISTANBUL, Nov 28- All Turkish banks will be able to make Iranian transactions as sanctions on Iran are eased in the wake of a deal between Tehran and six world powers to curb Tehran's nuclear programme, Turkey's economy minister said on Thursday.
*Pressure heavier on Oman than other wealthy Gulf states. DUBAI, Nov 28- When Oman's finance minister declared this month that the public sector wage bill might jump $2.3 billion next year- money which the government had not yet found- it was a fresh sign of a budget crunch looming in the Gulf state.
*Libya struggles to pay salaries, more clashes erupt. LONDON, Nov 28- Brent oil slipped below $111 per barrel on Thursday, weighed by a bigger-than-expected rise in U.S. crude stockpiles, but Libyan supply disruption kept prices supported.
*Libya struggles to pay salaries, more clashes erupt. SINGAPORE, Nov 28- Brent futures held above $111 a barrel on Thursday on worries that supply from OPEC member Libya will continue to be disrupted as winter oil demand increases, but a bigger-than-expected rise in U.S. crude stocks kept the gains in check.
*Libya struggles to pay salaries, more clashes erupt. SINGAPORE, Nov 28- Brent futures held above $111 a barrel on Thursday on worries OPEC member Libya isn't anywhere close to ramping up output as winter oil demand increases, while a bigger-than-expected rise in US crude stock kept the gains in check.
LONDON, Nov 27- Brent oil fell below $111 a barrel on Wednesday as a higher-than-expected build in U.S. crude stocks weighed on prices, but unrest in Libya provided some support. Brent crude fell 32 cents to $110.56 a barrel by 1624 GMT, after settling 12 cents lower on Tuesday. U.S. oil was down $1.50 at $92.18 a barrel after falling as low as $92.04.
JOHANNESBURG, Nov 27- Turkish mobile phone company Turkcell has taken to a South African court with its $4.2 billion lawsuit against rival MTN Group, alleging it was the victim of corruption and bribery that caused it to lose a contract in Iran.