Asia Top News and Analysis Iran

  • WASHINGTON— President-elect Donald Trump's transition team is asking Energy Department employees for information about the agency's operations and personnel, including a list of employees and contractors who attended international meetings on climate change over the past five years. An Energy Department official called the 74 questions a hit list and...

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • Oil rebounded from the week's lows and hovered above $50 a barrel on Thursday ahead of a meeting on Saturday in Vienna between OPEC and non- OPEC producers that may result in an agreement to cut crude output further. "Close cooperation among OPEC and non- OPEC countries is key to stabilizing the oil prices and their increase," Rouhani said in a telephone...

  • Oil wells on Kharg Island in the Persian Gulf, off the coast of Iran.

    The president-elect has threatened to pull out of the Iran nuclear deal, but analysts say he's unlikely to go that far.

  • BRUSSELS— The European Union has added Iran's Aseman Airlines to its blacklist of companies banned from European skies due to safety concerns. The EU's Executive Commission also said it had removed all airlines certified in Kazakhstan from the blacklist, given recent improvements in aviation security in the country. The move means that a total of 193...

  • BRUSSELS, Dec 8- The European Union has banned Iran's Aseman Airlines from operating within the EU due to safety concerns, in a blow to Tehran which is buying new jets to renew the country's ageing fleet following the lifting of long-term sanctions. Aseman Airlines was added to the EU's air safety list of airlines which do not meet international safety standards,...

  • *Shell agreed to develop fields, Iran says. DUBAI, Dec 7- Royal Dutch Shell signed a provisional agreement 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 agreement underscored major oil companies' willingness to keep...

  • 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...