Asia Top News and Analysis Iran

  • DUBAI, Aug 25- Iran's oil minister confirmed on Thursday that he will attend an OPEC meeting in Algeria next month, the oil ministry's news agency SHANA quoted him as saying. On Tuesday, an OPEC source said Iran had confirmed it will participate in the meeting. Members of the Organization of the Petroleum Exporting Countries will meet on the sidelines of the...

  • TEHRAN, Iran— An Iranian state-run daily is reporting that authorities in Tehran have detained a Greek national they accuse of embezzling money from smuggled oil and selling three oil tankers for $100 million. The report on Thursday in the IRAN newspaper suggests the Greek national was involved in smuggling Iranian crude oil while economic sanctions were...

  • TEHRAN, Iran— The whirling hum of a dialysis machine could have been the soundtrack to the rest of Zahra Hajikarimi's life but for an unusual program in Iran that allows people to buy a kidney from a living donor. Iran's kidney program stands apart from other organ donation systems around the world by openly allowing payments, typically of several thousand...

  • Oil OPEC

    JBC Energy Group's Johannes Benigni says the supply problem is not just tied to OPEC, but also non-OPEC members that are ramping up production.

  • An armed watchman stands on the prow of the USS Nitze, moored at the Mocangue Island's Brazilian Navy base in Brazil, on April 27, 2011.

    Iran's Islamic Revolutionary Guard Corps vessels "harassed" a U.S. warship on Tuesday near the Strait of Hormuz, a U.S. defense official said.

  • Crude oil production

    The next trough in oil prices could come just as OPEC members gather in Algeria next month – and that could make for an interesting, and more unpredictable outcome.

  • WASHINGTON— The Obama administration said Wednesday it paid $1.3 billion in interest to Iran in January to resolve a decades-old dispute over an undelivered military sale, two days after allowing $400 million in cash to fly to Tehran. On Jan. 17, the administration paid Iran the account's $400 million principal in pallets of euros, Swiss francs and other foreign...

  • Rumour mill within OPEC extraordinary and a distraction: Pro

    Piers Curran, ‎head trader and managing director at Amplify Trading, weighs in on OPEC production freezes and the Fed's potential to hike rates this year.

  • NEW YORK, Aug 23- Oil prices rose on Tuesday after Reuters reported Iran was sending positive signals that it may support joint OPEC action to prop up the market, before the market pared gains on trade data showing a surprise build in U.S. crude stocks. Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries, refused to join a...

  • NEW YORK, Aug 23- Oil prices rose more than 1 percent on Tuesday after Reuters reported that Iran was sending positive signals that it may support joint OPEC action to prop up the market. Although it has not said if it will join an effort to curb production at a meeting of OPEC and other producers in September, Iran appears more willing this time to reach an...

  • *Iran sending "positive signals" on output freeze- sources. NEW YORK, Aug 23- Oil prices rose more than 1 percent on Tuesday, reversing early losses, after Reuters reported Iran was sending positive signals that it may support joint OPEC action to prop up the market. Although it has not said if it will join an effort to curb production at a meeting of OPEC and other...

  • Is Iran a US friend or foe?

    Jay Solomon, Wall Street Journal correspondent and author of "The Iran Wars," discusses the rocky relationship between Iran and the United States following a travel warning from the State Department.

  • *Iraq not open to capping output, Abadi says. BAGHDAD, Aug 23- Iraq's prime minister said the country has not yet reached its full oil market share, suggesting his government would not restrain crude output as part of any possible OPEC agreement to lift prices. "And the capping, we are not open to that because Iraq is still below what it should produce," Haider al-Abadi...

  • NEW YORK, Aug 23- Oil prices rose on Tuesday, reversing early losses, after Reuters reported Iran was sending positive signals that it may support joint OPEC action to prop up the market. Iran, the third-largest oil producer in the Organization of the Petroleum Exporting Countries, has been boosting output since the lifting of Western sanctions in January and...

  •  Iran oil plant under construction with Iran Flag

    Iran is sending positive signals that it may support joint action to prop up the oil market.

  • NEW YORK, Aug 23- Oil prices jumped as much as 2 percent on Tuesday, reversing early losses, after Reuters reported that Iran was sending positive signals that it may support joint OPEC action to prop up the market. Iran, the third-largest oil producer in the Organization of the Petroleum Exporting Countries, has been boosting output since the lifting of Western...

  • *Russia waiting for internal OPEC agreement, says source. DUBAI/ LONDON, Aug 23- Iran is sending positive signals that it may support joint action to prop up the oil market, sources in OPEC and the oil industry said, potentially aiding efforts to revive a global deal on freezing production levels at talks next month. Tehran refused to join a previous attempt this year...

  • TEHRAN, Iran— The cyber-arm of Iran's powerful Revolutionary Guard says it has summoned, detained and warned some 450 administrators of social media groups in recent weeks. The announcement Tuesday, carried on a website affiliated with the Guard's cyber arm, says those detained used social media like the messaging app Telegram, which is popular in Iran.

  • A worker walks past a drilling rig of the Rosneft-owned Prirazlomnoye oil field outside the West Siberian city of Nefteyugansk, Russia.

    Brent crude fell back below $50 a barrel on Monday as analysts doubted upcoming producer talks would rein in oversupply.

  • A worker checks the valve of an oil pipe at Al-Sheiba oil refinery in the southern Iraq city of Basra, April 17, 2016.

    Oil prices surged dramatically in the last two weeks thanks to OPEC freeze talk, but there's little expectation the cartel will act.