Asia Top News and Analysis Iran

  • TEHRAN, Iran— Iran's official IRNA news agency says that President Hassan Rouhani's administration is proposing changing the name and denomination of the country's currency. One toman would be worth 10 rials, or around 3,200 to a dollar at official exchange rates, and 3,900 to a dollar at unofficial rates. The Iranian currency was known as the toman until the...

  • DUBAI, Dec 7- Royal Dutch Shell will sign initial agreements on Wednesday to develop Iranian oil and gas fields, an Iranian official said, the first deal by the world's second biggest listed oil firm in Iran since sanctions were lifted. Analysts said the deals showed major oil companies were prepared to keep doing business with Iran despite the risk that U.S.

  • DUBAI, Dec 7- Royal Dutch Shell will sign three initial agreements on Wednesday to develop Iranian oil and gas fields, an Iranian oil ministry official said. Shell will sign the agreements in Tehran to develop the South Azadegan, Yadavaran oilfields and the Kish gas field, the Iranian official said. The Wall Street Journal earlier reported that both Shell and...

  • Oil jumps on expected extension of Iran sanctions

    WTI crude oil rises to a session high after the White House says it expects President Barack Obama to sign a bill extending Iran sanctions. CNBC's Seema Mody reports.

  • Dec 1- Shamoon, the destructive computer virus that four years ago crippled tens of thousands of computers at Middle Eastern energy companies, was used two weeks ago to attack computers in Saudi Arabia, according to several U.S. cyber security firms. Victims included the General Authority of Civil Aviation, the Saudi agency that runs airports, where the attack...

  • While OPEC may have been hibernating, the decision by Saudi Arabia, OPEC's leading member, to let oil prices crash was always a pragmatic one, not an ideological one. OPEC has sent stark reminder that when circumstances change, it can change too-- and it would be foolish to write off OPEC as irrelevant. Moreover, most other OPEC countries, as well non- OPEC ones like...

  • While OPEC may have been hibernating, the decision by Saudi Arabia, OPEC's leading member, to let oil prices crash was always a pragmatic one, not an ideological one. OPEC has sent stark reminder that when circumstances change, it can change too-- and it would be foolish to write off OPEC as irrelevant. Moreover, most other OPEC countries, as well non- OPEC ones like...

  • While OPEC may have been hibernating, the decision by Saudi Arabia, OPEC's leading member, to let oil prices crash was always a pragmatic one, not an ideological one. OPEC has sent stark reminder that when circumstances change, it can change too-- and it would be foolish to write off OPEC as irrelevant. Moreover, most other OPEC countries, as well non- OPEC ones like...

  • While OPEC may have been hibernating, the decision by Saudi Arabia, OPEC's leading member, to let oil prices crash was always a pragmatic one, not an ideological one. OPEC has sent stark reminder that when circumstances change, it can change too-- and it would be foolish to write off OPEC as irrelevant. Moreover, most other OPEC countries, as well non- OPEC ones like...

  • While OPEC may have been hibernating, the decision by Saudi Arabia, OPEC's leading member, to let oil prices crash was always a pragmatic one, not an ideological one. OPEC has sent stark reminder that when circumstances change, it can change too-- and it would be foolish to write off OPEC as irrelevant. Moreover, most other OPEC countries, as well non- OPEC ones like...

  • While OPEC may have been hibernating, the decision by Saudi Arabia, OPEC's leading member, to let oil prices crash was always a pragmatic one, not an ideological one. OPEC has sent stark reminder that when circumstances change, it can change too-- and it would be foolish to write off OPEC as irrelevant. Moreover, most other OPEC countries, as well non- OPEC ones like...

  • While OPEC may have been hibernating, the decision by Saudi Arabia, OPEC's leading member, to let oil prices crash was always a pragmatic one, not an ideological one. OPEC has sent stark reminder that when circumstances change, it can change too-- and it would be foolish to write off OPEC as irrelevant. Moreover, most other OPEC countries, as well non- OPEC ones like...

  • While OPEC may have been hibernating, the decision by Saudi Arabia, OPEC's leading member, to let oil prices crash was always a pragmatic one, not an ideological one. OPEC has sent stark reminder that when circumstances change, it can change too-- and it would be foolish to write off OPEC as irrelevant. Moreover, most other OPEC countries, as well non- OPEC ones like...

  • While OPEC may have been hibernating, the decision by Saudi Arabia, OPEC's leading member, to let oil prices crash was always a pragmatic one, not an ideological one. OPEC has sent stark reminder that when circumstances change, it can change too-- and it would be foolish to write off OPEC as irrelevant. Moreover, most other OPEC countries, as well non- OPEC ones like...

  • VIENNA, Dec 1- Russian President Vladmir Putin played a crucial role in helping OPEC rivals Iran and Saudi Arabia set aside differences to forge the cartel's first deal with non-OPEC Russia in 15 years. Interventions ahead of Wednesday's OPEC meeting came at key moments from Putin, Saudi Deputy Crown Prince Mohammed bin Salman and Iran's Supreme Leader...

  • Dec 1- A version of Shamoon, the destructive computer virus that four years ago crippled tens of thousands of computers at Middle Eastern energy companies, was used two weeks ago to attack computers in Saudi Arabia, according to U.S. security firms. Saudi Arabia confirmed on Thursday that hackers had launched a virus attack on computers in government bodies and...

  • TEHRAN, Iran— Iran's President Hassan Rouhani on Thursday welcomed an OPEC deal that cut the oil cartel's output to push up crude prices. Iran had initially been hesitant to cut its oil production. Iran's arch-rival Saudi Arabia agreed to the largest production cuts, chopping nearly half a million barrels from its current 10.5- million-barrel daily.

  • OPEC deal all the market wanted and more

    Iain Reid, head of European oil and gas research at Macquarie, says that oil prices are now looking far more positive for 2017.

  • VIENNA, Nov 30- OPEC agreed on Wednesday its first oil output cuts since 2008 after Saudi Arabia accepted "a big hit" on its production and dropped its demand on arch-rival Iran to slash output. "OPEC has proved to the sceptics that it is not dead. The move will speed up market rebalancing and erosion of the global oil glut, "said OPEC watcher Amrita Sen from consultancy...

  • Indonesia suspends OPEC- membership after recently rejoining. VIENNA, Dec 1- OPEC has agreed its first oil output cuts since 2008 after Saudi Arabia accepted "a big hit" on its production and dropped its demand on arch-rival Iran to slash output, pushing up crude prices by around 10 percent. "OPEC has proved to the sceptics that it is not dead.