Asia Top News and Analysis Iran

  • ISTANBUL, Sept 30- Turkish investment bank Unlu& Co aims to complete the acquisition of an Iranian brokerage in the next six months and become the first Turkish financial services firm to operate in Iran since the easing of sanctions, its chairman said on Friday. Turkish trade with Iran has since risen some 30 percent. Turkish Prime Minister Binali Yildirim said...

  • PARIS— Renault has reached a deal with Iran's government to open a plant making at least 150,000 vehicles a year, as European companies race for a share of Iran's market now that international sanctions have been lifted. The plant in a Tehran suburb will produce Duster and Symbol cars starting in 2018. Renault will be majority shareholder, and have its own...

  • OPEC deal symbolic: Anaylst

    Iain Reid, head of European oil and gas research at Macquarie, acknowledges the symbolic value of the oil producer deal struck in Algiers, and suggests that the price of oil could rise to the mid-$50s.

  • *South Korea imports double; China, Japan imports also rise. TOKYO, Sept 30- Imports of Iranian oil by four major buyers in Asia in August jumped 81 percent from a year earlier, the biggest percentage gain since April 2014, as the producer recoups market share from rivals Saudi Arabia and Iraq. The top four Asian buyers, South Korea, Japan, China and India, imported 1.84...

  • Mohammed Al-Sada, Qatar's minister of energy and industry and president of OPEC

    One day after OPEC agreed to curb production for the first time since 2008, energy analysts are questioning the meaning of the pact.

  • *Iraq told OPEC meeting to change new ceiling- source. *Iraq's Luaibi complains about OPEC output estimates. ALGIERS, Sept 29- For years, debates in the OPEC conference room were dominated by clashes between top producer Saudi Arabia and arch-rival Iran.

  • OPEC 'paying the price' for oil abuse: Pro

    Saudi Arabia blinked, they thought they could wait everybody out, says John Kilduff, Again Capital Partner, sharing his thoughts on OPEC finally reaching a deal to limit output levels.

  • Colin Smith, director of oil and gas research at Panmure Gordon, discusses the OPEC supplier agreement reached last night in Algiers.

  • OPEC Deal

    Oil prices will slide back down to $45 a barrel levels if OPEC does not ratify its production cut deal in November, says Credit Suisse's David Hewitt.

  • OPEC Meeting

    It is questionable whether the deal will hold because the various OPEC members are in different circumstances, says Intelligent Investor's Gaurav Sodhi.

  • OPEC Deal

    There are still questions about the OPEC deal, such as how countries who want to raise output will be dealt with, says Platts Analytics' Jenna Delaney.

  • BERLIN, Sept 28- The United States on Wednesday began notifying lawmakers that it has approved $7 billion in long-stalled sales of Boeing Co fighter jets to Kuwait and Qatar, and more than $1 billion in Lockheed Martin Corp jets to Bahrain, sources familiar with the decision said. The sales had been pending for more than two years amid concerns raised by Israel,...

  • *OPEC will limit output at 32.5-33.0 million bpd. *To seek non- OPEC support once output reduced. ALGIERS, Sept 28- OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.

  • *OPEC will limit output at 32.5 million bpd- sources. ALGIERS, Sept 28- OPEC agreed on Wednesday to cut its oil output for the first time since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. How much each country will produce is to be decided at the next formal meeting of OPEC in November,...

  • Saudi Arabia's Energy Minister Khalid al-Falih arrives for an informal meeting between members of the Organization of Petroleum Exporting Countries, OPEC, in the Algerian capital Algiers, on September 28, 2016.

    Concessions offered by Saudi Arabia to lock down a deal to limit oil supply show Riyadh is getting pinched by its own policy, John Kilduff said.

  • VIENNA, Sept 28- Austria agreed on Wednesday to significantly increase its export guarantees for deals with Iran during a visit by the Islamic Republic's central bank chief, two people familiar with the matter said. It will raise the total amount of guarantees that Oesterreichische Kontrollbank, the body responsible, can provide to roughly 1 billion euros...

  • *Iran wants much higher share of OPEC production. ALGIERS, Sept 28- OPEC might still agree an oil output-limiting deal later this year as the economic problems of its de-facto leader Saudi Arabia force Riyadh to cede more ground to arch-rival Iran. That represents a strategy shift for Riyadh, which has said it would reduce output to ease the global glut only if...

  • *Iran wants much higher share of OPEC production. ALGIERS, Sept 28- OPEC might still agree an oil output-limiting deal later this year as the economic problems of its de-facto leader Saudi Arabia force Riyadh to cede more ground to arch-rival Iran. That represents a strategy shift for Riyadh, which has previously said it would reduce output only if every other...

  • *Iran wants much higher share of OPEC production. ALGIERS, Sept 28- OPEC might still agree an oil output-limiting deal later this year as the economic problems of its de-facto leader Saudi Arabia force Riyadh to cede more ground to arch-rival Iran. That represents a strategy shift for Riyadh, which has previously said it would reduce output only if every other...

  • RBC Capital Markets says oil prices may slip to $40 or lower if OPEC members leave Algeria without any promise of a deal.