CNBC's Michelle Caruso-Cabrera reports on surging oil exports in Iran.» Read More
President Barack Obama hinting at tougher economic sanctions against Russia, including in the energy sector. The United States and the European Union agreed on Wednesday to work together to prepare possible further economic sanctions in response to Russia's actions in Ukraine and to make Europe less dependent on Russian gas.
ANKARA, March 27- Looming fuel price rises in Iran will be the first major test of President Hassan Rouhani's ability to retain public support in the face of attacks from his hardline rivals.
*Extra shipments head to India, sales strong to Syria. LONDON, March 26- Iran's oil exports have stayed above levels allowed under Western sanctions for a fifth month, according to sources who track tanker movements, in a further sign that a deal to ease some restrictions is helping Tehran sell more crude.
BEIJING, March 21- China's February crude oil imports from Iran rose 6 percent from a year ago to 552,613 barrels per day, customs data showed on Friday, keeping imports in 2014 close to levels before Western sanctions were applied more than two years ago.
*83 senators say Iran has no right to enrich uranium. WASHINGTON, March 18- As talks on a nuclear deal for Iran resumed in Vienna Tuesday, a wide majority of U.S. senators urged President Barack Obama to insist that any final agreement state that Iran "has no inherent right to enrichment under the Nuclear Non-Proliferation Treaty."
*Asia's Iran crude liftings rise sharply in February. The deal between Iran and six world powers struck in November, and implemented on Jan. 20, freed up $4.2 billion in oil payments to Tehran in return for curbs on its nuclear program.
WASHINGTON, March 18- A majority of U.S. senators on Tuesday urged President Barack Obama to insist a final agreement on Iran's nuclear program contains a measure to prevent Tehran from ever having a path to nuclear weapons, as talks on the deal resumed in Vienna.
TOKYO, March 18- Iran exported more crude than allowed under Western sanctions for at least a fourth straight month in February, as ship loading data obtained by Reuters showed top clients again bought more than 1 million barrels per day of Tehran's oil.
*Iran wants economic sanctions lifted. LONDON/ ANKARA, March 13- Despite a diplomatic thaw, Western banks are steering clear of attempts by Iran to get them involved in financing humanitarian transactions, fearing they could be penalised under U.S. sanctions, bankers and government officials told Reuters.
TOKYO, March 14- Japan's biggest refiner JX Nippon Oil& Energy has cut its annual crude contract with Iran by 27 percent, an industry source said, a move that will likely keep at bay any potential U.S. pressure over oil shipments from the Islamic republic.
*Iran wants economic sanctions lifted. LONDON/ ANKARA, March xx- Despite a diplomatic thaw, Western banks are steering clear of attempts by Iran to get them involved in financing humanitarian transactions, fearing they could be penalised under U.S. sanctions, bankers and government officials told Reuters.
NEW DELHI, March 13- India imported about 36 percent less oil from Iran in February than in January, because of efforts to meet U.S. requests to restrict purchases from Tehran to 195,000 barrels per day in the six months to July 20, data from trade sources showed.
U.S. crude dropped 64 cents to $99.30 a barrel by 0034 GMT, after settling $1.09 down at $100.03, its lowest since Feb. 11. *Ukraine's government appealed for Western help on Tuesday to stop Moscow annexing Crimea but the Black Sea peninsula, overrun by Russian troops, seemed fixed on a course that could formalise rule from Moscow within days.
NEW DELHI, March 11- India has to cut its Iranian oil imports by nearly two-thirds from the first quarter after the United States asked it to hold the shipments at end-2013 levels, in keeping with the nuclear deal easing sanctions on Tehran, Indian government sources said.
DUBAI, March 9- Dubai's non-oil trade expanded 7.6 percent last year, slowing from 13 percent growth in 2012, but the emirate's trade with Iran stabilised despite U.S. economic sanctions, according to Dubai customs data released on Sunday.
LONDON, Feb 28- OPEC's oil output has risen further in February from December's 2-1/ 2- year low, due to more shipments from Iraq and Angola, and further upward creep in Iranian exports, a Reuters survey found on Friday.
SINGAPORE, Feb 28- Brent crude futures slipped on Friday to below $109 a barrel on expectations demand growth will slow as severe winter weather eases, although supply worries kept losses in check for now.
*Top four buyers take 1.25 mln bpd from Iran in Jan. The OPEC member's oil sales in January to its four biggest buyers topped the 1 million barrels per day where Western powers wanted to hold shipments to maintain pressure on Iran to end the disputed programme.
LONDON, Feb 27- Iran's oil tanker fleet is gearing up for more business, with some vessels taking to the high seas after over more than a year at home ports, another sign that an easing in Western sanctions is enabling exports to begin to pick up.
TOKYO, Feb 27- U.S. crude oil dipped early on Thursday after rising the previous day when the contract was supported by a surprisingly small build in crude inventories. *U.S. crude futures for April delivery were down 28 cents at $102.31 a barrel by 0000 GMT, after finishing 76 cents higher on Wednesday.