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  • Just why is OPEC overproducing? Friday, 29 Jan 2016 | 12:38 AM ET
    Just why is OPEC overproducing?

    As a leading market player in the oil sector, it doesn't make sense for Saudi Arabia to hold back on its spare capacity, says Ivan Szpakowski, head of Asia commodity research at Citi.

  • *Iran loadings at 1.44 mln bpd in Feb, 1.5 mln bpd in Jan. TOKYO, Jan 29- Iran's oil exports are on set to rise more than a fifth in January and February from last year's daily average, data from a source with knowledge of its loading schedules shows, revealing how Tehran is ramping up sales after the lifting of sanctions. The market is closely watching the pace of Iran's...

  • PARIS, Jan 28- Iran agreed on Thursday to buy 118 Airbus jets worth $27 billion at list prices, including a dozen A380 superjumbos, after international sanctions were lifted against Tehran this month. The order for 73 wide-body and 45 narrow-body jets allows Airbus to steal a march on US rival Boeing as Iran seeks to renovate and expand its worn-out fleet of 225...

  • LONDON, Jan 28- Iran is slowly winding down stocks of oil stored on tankers close to its shores and the process is likely to take longer than Tehran had wanted, despite the lifting of international sanctions this month. The pace of sales taken from floating storage highlights the difficulties Iran is facing amid a global oil glut and other challenges such as the...

  • PARIS, Jan 28- Airbus on Thursday signed a deal to sell Iran 118 passenger planes worth at least $25 billion at list prices in an agreement much talked about in the industry since Western sanctions were lifted against Tehran this year. The planemaker said the deal, signed amid a raft of others during a visit by President Hassan Rouhani, was conditional on getting...

  • Iran minister urges wary French banks to return to Tehran Thursday, 28 Jan 2016 | 12:25 PM ET

    *Iran says criteria are clear for French banks to re-engage. French banks have been reluctant to handle deals with Iran, deterred by a $9 billion U.S. fine on Paris- based BNP Paribas in 2014 for sanctions violations, even as both governments celebrated renewed ties. Iran's industry minister Mohammad Reza Nematzadeh, speaking at a Franco-Iranian business forum,...

  • Iran signs deal to buy 118 Airbus jets Thursday, 28 Jan 2016 | 11:51 AM ET
    Iran signs deal to buy 118 Airbus jets

    The jet deal was signed during President Rouhani's visit to France, reports CNBC's Sue Herera.

  • *Iran main challenge in OPEC for any deal- sources. LONDON/ DUBAI, Jan 28- Iran, boosting oil exports after the lifting of sanctions, is talking of a need to recoup its market share, making the OPEC member a challenge to any deal among producers to fix a supply glut, OPEC sources said on Thursday. Iran wants to recover its position as OPEC's second-largest producer behind...

  • Iran opportunities ‘too big to ignore’: CEO Thursday, 28 Jan 2016 | 9:15 AM ET
    Iranian President Hassan Rouhani.

    Investment opportunities in Iran are “too big to ignore,” the CEO of a top investment firm told CNBC.

  • Gulf airlines squeezed by Iran tensions Thursday, 28 Jan 2016 | 7:29 AM ET

    *Gulf Air has cancelled 16 Iran flights a week. DUBAI, Jan 28- Diplomatic tensions are causing airlines in Saudi Arabia, Iran and Bahrain to lose millions of dollars in revenue at a time when all three countries are grappling with the economic impact of lower oil prices. Lucrative flights that carry pilgrims to Islam's holiest sites in Saudi Arabia are among the...

  • UPDATE 2-Iran says low oil prices will not last long Thursday, 28 Jan 2016 | 7:07 AM ET

    The pressure on oil-producing nations means balance will be restored in the short term, "Rouhani, whose country is the third-largest producer in OPEC, said at the French Institute of International Relations. Oil futures surged on Wednesday after non- OPEC member Russia indicated there was a possibility of cooperation with the Organization of the Petroleum...

  • Early signs of oil bottoming: Tom Petrie Thursday, 28 Jan 2016 | 6:53 AM ET
    Early signs of oil bottoming: Tom Petrie

    Tom Petrie, Petrie Partners chairman, weighs in on the possibility of a Russia/Saudi relationship and shares his expectation for crude prices.

  • *Economists expect Iran to borrow internationally this year. LONDON, Jan 28- Low oil prices and the economic and geopolitical scars of years of international sanctions all point to a high risk' junk' credit rating for Iran when it starts feeling its way back into borrowing markets. "We had Iran at B2 but a lot has changed since then, including our methodology, said...

  • *Graphic on Iran's economy: http://reut.rs/1P8jWNx. They are expected to be able to link up with international lenders to process transactions within a matter of weeks following a deal with world powers earlier this month curbing Iran's nuclear programme. "Isolation of Iran's money market from international markets resulted in the inability of the Iranian...

  • The Iranian president's visit to Paris has been rife with contrasts, from the headwear to the East-West tensions underpinning his discourse. Unlike in Rome, where zealous officials covered naked statues at a museum Rouhani visited, a couple of bare bodies surfaced during his Paris stay. France and Iran have signed a total of 20 agreements, including nine...

  • Iran's president arrives in Paris on business tour Thursday, 28 Jan 2016 | 3:50 AM ET
    Iran's president arrives in Paris on business tour

    Clemente Capello, CEO and founder of Sturgeon Capital, discusses the opportunities for business with Iran as President Hassan Rouhani starts the French leg of his European tour.

  • Under a deal reached between Iran and six major powers in 2015, sanctions imposed on Tehran were lifted this month in return for curbs to the country's nuclear programme. Airbus Chief Executive Fabrice Bregier said on Wednesday that he had held talks this month in Tehran with government and Iran Air officials that could lead to the rapid sale of aircraft in the...

  • PARIS— France's government welcomed Iranian President Hassan Rouhani on Thursday with promises of a new beginning in an old relationship, starting with investments to boost Iran's flagging economy crippled by decades of sanctions over its nuclear activities. France has asked its European Union partners to consider new sanctions on Iran for its recent...

  • Iran: European airlines set to resume flights to Tehran Thursday, 28 Jan 2016 | 2:08 AM ET

    TEHRAN, Iran— Several European airlines aim to resume their flights to Iran following a landmark nuclear deal between Tehran and world powers, the state-owned IRAN daily reported on Thursday. BA also has not announced any firm plans to return to Iran, though Willie Walsh, the chief executive of its parent International Airlines Group, reportedly told a recent...

  • BOSTON— A lawyer for a Chinese national who supplied Iran with U.S.-made devices that can be used to convert uranium for nuclear weapons is criticizing the U.S. government for dropping charges against his Iranian co-defendant as part of a breakthrough U.S.- Iran deal. The criticism was leveled Wednesday during a sentencing hearing for Sihai Cheng, who...