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  • *Iran's crude oil exports to Asia surge. LONDON, July 29- Oil prices fell to their lowest levels since April on Friday, with on Brent track for its biggest monthly loss since December 2015, pressured by slowing economic growth that threatened to increase a supply overhang of crude and refined products. Brent crude oil futures were trading at $41.89 by 0908 GMT, down...

  • *Iran's crude oil exports to Asia surge. West Texas Intermediate crude fell 27 cents, or 0.7 percent, to $40.87 a barrel, slipping below $41 for the first time since April. Because refiners produced too much fuel from cheap crude, margins in the Americas, Europe and Asia have fallen sharply this year, eroding revenues for oil producers and refiners like Royal Dutch...

  • *Iran's crude oil exports to Asia surge. West Texas Intermediate crude fell 26 cents, or 0.6 percent, to $40.88 a barrel, slipping below $41 for the first time since April. Because refiners produced too much fuel from cheap crude, margins in the Americas, Europe and Asia have fallen sharply this year, eroding revenues for oil producers and refiners like Royal Dutch...

  • *Imports by China, India, Japan, South Korea rise. By discounting prices for its crude against Saudi Arabia and Iraq, Iran has attracted new customers in countries such as Poland and spurred higher demand from existing buyers in Asia. The four countries, South Korea, Japan, China and India, imported 1.72 million barrels per day in June, government and ship-tracking...

  • *Supplies from Kuwait, Venezuela jump. BEIJING, July 21- Saudi Arabia, the world's biggest oil exporter, regained its position as China's top crude supplier in June, after losing out to Russia over the previous three months, customs data showed on Thursday. China imported 4.569 million tonnes of crude from Saudi Arabia in June, or 1.112 million barrels per day, down...

  • *Supplies from Kuwait, Venezuela jump. BEIJING, July 21- Saudi Arabia, the world's biggest oil exporter, regained its position as China's top crude supplier in June, after losing out to Russia in the previous three months, customs data showed on Thursday. China imported 4.569 million tonnes of crude from Saudi Arabia in June, or 1.112 million barrels per day, data from...

  • *Supplies from Kuwait, Venezuela jump. BEIJING, July 21- Saudi Arabia, the world's biggest oil exporter, regained its position as China's top crude supplier in June, after losing out to Russia in the previous three months, customs data showed on Thursday. China imported 4.569 million tonnes of crude from Saudi Arabia in June, or 1.112 million barrels per day, data from...

  • UNITED NATIONS, July 20- United Nations Secretary-General Ban Ki- moon urged world powers on Wednesday to ensure a historic nuclear deal with Iran delivers "tangible benefits to the Iranian people" after Tehran complained it was not fully benefiting from sanctions relief. On the first anniversary of a U.N. Security Council resolution endorsing the deal...

  • *H1 crude imports from Iran up 107.9 pct y/y. SEOUL, July 15- South Korea's crude imports from Iran jumped nearly 115 percent in June from a year earlier as cheaper prices for Iranian condensate prompted Asia's major ultra-light oil buyer to boost purchases of the oil products last month. More Iranian condensate imports are expected in the fourth quarter if Iran...

  • WASHINGTON, July 14- The U.S. House of Representatives passed two pieces of legislation linked to the international nuclear agreement with Iran on Thursday, one year after the landmark pact was announced, defying President Barack Obama's veto threat. Voting largely along party lines, the Republican-controlled House voted 246 to 179 to pass a new set of...

  • July 13- Iran signed a Memorandum of Understanding with Russia's Zarubezhneft on Tuesday for a feasibility study on two joint fields in the west of the country, according to oil ministry news agency SHANA. Iran needs foreign investment for repairs and upgrading of its oil and gas fields. *Germany's Siemens AG signed an MoU in May with National Iranian Oil Company...

  • WASHINGTON, July 6- A U.S. House of Representatives panel will debate legislation on Thursday intended to block Boeing Co's planned sale of dozens of commercial aircraft to Iran, which could also affect other planemakers, including Airbus if they became law. A third measure would bar the Export-Import Bank from financing involving any entity that does...

  • ANKARA, June 30- Iran said on Thursday it was under no obligation to buy A380 superjumbo jets, state news agency IRNA reported, raising further questions over part of a landmark deal with European planemaker Airbus. Iran has also provisionally agreed to buy or lease 109 Boeing jets. The United States and Europe lifted sanctions in January under a 2015 deal with...

  • *Newspapers, TV criticise income inquality in Iran. DUBAI, June 30- Executive pay, a source of controversy at shareholder meetings in the West, has become a political issue in Iran where revelations of high compensation packages at state-owned firms are being used to attack moderate President Hassan Rouhani. International sanctions on Iran were lifted in...

  • *Imports by China, India, Japan, South Korea rise. TOKYO, June 30- Imports of Iranian oil by four major buyers in Asia in May jumped 34.5 percent from a year ago to the highest in at least 4-1/ 2 years, reflecting Tehran's aggressive moves to recoup market share lost under international sanctions. The four countries, South Korea, Japan, China and India, imported 1.62...

  • DUBAI, June 28- Iran on Tuesday reappointed a former managing director of its Swiss-based trading company as part of a broader reshuffle aimed at bolstering its oil exploration and exports. The appointment follows the naming this month of a new boss for the National Iranian Oil Company as Tehran looks to spur exports and long-awaited deals with international...

  • *Others see increasing signs Iran may not take biggest jet. *Airbus says negotiations with Iran are progressing. PARIS, June 27- As Western planemakers seek to finalise lucrative deals to sell some 200 jets to Iran, doubts are growing over the sale of a dozen Airbus A380 superjumbo jets to the country's national flag carrier, several people familiar with deal said.

  • DUBAI/ LONDON, June 27- Oil minister Bijan Zanganeh has handed the running of Iran's national oil company to a trusted ally in a push to agree long-awaited deals with global oil majors, which could be derailed by next year's presidential polls. Iran has pledged to open up its lucrative oil reserves, the world's fourth largest, although hardline rivals of reformist...

  • *Others see increasing signs Iran may not take biggest jet. *Airbus says negotiations with Iran are progressing. PARIS, June 27- As Western planemakers seek to finalise lucrative deals to sell some 200 jets to Iran, doubts are growing over the sale of a dozen Airbus A380 superjumbo jets to the country's national flag carrier, several people familiar with deal said.

  • DUBAI, June 22- Iran's Foreign Minister Mohammad Javad Zarif said on Wednesday he hoped that Tehran's deal with U.S. planemaker Boeing would pave the way for finalising another contract with its European rival Airbus. The agreement helps the U.S. aerospace and defence company catch up with a $27 billion, 118- plane order Iran placed with Airbus in January.