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  • SANTIAGO, Feb 2- Turkey aims to boost trade with Latin America more than two-fold by 2023, in a bid to diversify away from its traditional export markets in the troubled economies of Europe and the Middle East, Economy Minister Mustafa Elitas said on Monday. Citing the advantages of having a free trade agreement with Chile that aims to yield $1 billion in...

  • Risks of doing business with Iran: Expert Monday, 1 Feb 2016 | 7:55 AM ET
    Risks of doing business with Iran: Expert

    Frances Townsend, MacAndrews & Forbes, discusses the impact of post-sanction Iran and the companies doing business with them.

  • Sen Coons: Staying tough on Iran Monday, 1 Feb 2016 | 6:59 AM ET
    Sen Coons: Staying tough on Iran

    Sen. Chris Coons, (D-Del.), shares his concerns that some foreign governments seem too eager to resume business with Iran.

  • TEHRAN, Iran— Iran said Monday it now has access to more than $100 billion worth of frozen overseas assets following the implementation of a landmark nuclear deal with world powers. Government spokesman Mohammad Bagher Nobakht said much of the money had been piling up in banks in China, India, Japan, South Korea and Turkey since international sanctions were...

  • LAUNCESTON, Australia, Feb 1- It's probably no coincidence that Saudi Aramco revealed it is in advanced talks to buy stakes in Chinese refineries just as data came out showing that Russia toppled Saudi Arabia as China's biggest crude provider in December. This was the fourth month this occurred in 2015, underscoring that state-owned Saudi Aramco, the world's...

  • Have oil prices hit the bottom? Monday, 1 Feb 2016 | 1:15 AM ET
    Have oil prices hit the bottom?

    Seth Kleinman, head of energy strategy at Citi, says Iran is a bearish risk to the oil market, but it depends on how much it produces.

  • Saudi Arabia wants to support oil price: Report Sunday, 31 Jan 2016 | 4:03 AM ET
    Oil worker in Iraq

    Saudi Arabia wants to cooperate with other oil producers to support the market, Al Arabiya reported, citing an unnamed Saudi source.

  • *Airlines kept flying but safety record poor. TEHRAN, Jan 31- In December 2012, aircraft trader James Kim received a letter from a company based in Cyprus offering to buy four jetliners. The company that tried to buy them, registered in a Nicosia apartment with two directors with names that sounded Iranian, vanished from the radar, Kim said in a telephone interview.

  • *Iran cancels oil conference in London. Ankara, Jan 30- Iran has canceled a London conference where it was set to introduce new oil and gas contracts to investors, the Seda weekly reported on Saturday citing a senior Iranian official who blamed a delay in getting visas. "The London conference has been canceled because the British embassy in Tehran could not issue...

  • *British embassy in Tehran not able to issue visas. Ankara, Jan 30- Iran has cancelled an oil conference in London next month, when Tehran was expected to reveal its new oil and gas contracts to investors, apparently over a delay in getting visas, the Seda weekly on Saturday quoted a senior Iranian official as saying. "The London conference has been cancelled because...

  • Jan 30- Iran has cancelled an oil conference in London next month, when Tehran was expected to reveal its new oil and gas contracts to investors, apparently over a delay in getting visas, the Seda weekly on Saturday quoted a senior Iranian official as saying. The deputy head of National Iranian Oil Co. also said foreign companies would be invited in May to bid for new...

  • *Brent seen averaging $42.5, U.S. crude $41 in 2016. The survey of 29 economists and analysts forecast benchmark North Sea Brent crude will average $42.5 a barrel, down $10 from last month's poll. Brent crude, which averaged about $54 a barrel in 2015, has fallen nearly 9 percent so far in January and has crashed from around $115 a barrel in June 2014.

  • DUBAI/ LONDON, Jan 29- Iran is on track to raise oil production by 500,000 barrels per day after the lifting of sanctions this month and has already sold 6 supertankers with additional crude to buyers in Europe and Asia, a Iranian oil source said. "Iran raised its crude oil production by at least 500,000 bpd and the market will see it in the next few days," said the Iranian...

  • How US degrades ISIS assets: Expert Friday, 29 Jan 2016 | 7:34 AM ET
    How US degrades ISIS assets: Expert

    The trucks are the veins of the operations, says Amos Hochstein, U.S. Department of State, discussing the U.S. strategy to target ISIS' energy infrastructure.

  • Brent was down 4 cents to $33.85 a barrel by 1102 GMT on Friday, after gaining 79 cents, or 2.4 percent, on Thursday. U.S. crude was up 7 cents to $33.29 a barrel, having settled up 92 cents, or 2.9 percent, at $33.22 on Thursday. That appeared to pour cold water on possible joint OPEC and non- OPEC production cuts mentioned by Russian Energy Minister Alexander Novak on...

  • UPDATE 6-Oil gains on production cut prospects Friday, 29 Jan 2016 | 5:45 AM ET

    *Iran oil exports set to rise over 20 pct in Jan, Feb. U.S. crude climbed 26 cents to $33.48 a barrel, having settled up 92 cents, or 2.9 percent, at $33.22 on Thursday. Russia's Deputy Prime Minister Arkady Dvorkovich said on Friday Russian output could decline as a result of lower investment, but the state would not intervene to balance the market.

  • Brent futures have jumped 28 percent since hitting an intra-day low of $27.10 a barrel on Jan. 20 and up to its Jan. 28 high of $35.84. Brent had risen 82 cents to $34.71 a barrel by 0808 GMT, after ending up 79 cents, or 2.4 percent, at $33.89 on Thursday, and is heading for its fourth straight session of gains. U.S. crude climbed 84 cents to $34.06 a barrel, having settled up 92...

  • The rally in crude oil? Shale will cap it, says Citi Friday, 29 Jan 2016 | 2:18 AM ET
    Pump jacks and wells on the Monterey Shale formation in California

    Despite a jump in crude oil prices this week, gains may be capped by quick ramp up in shale production, according to an analyst.

  • Asian imports of Iran oil plunge 18 pct in December Friday, 29 Jan 2016 | 1:33 AM ET

    TOKYO, Jan 29- Asian imports of Iranian oil fell 18 percent in December from a year earlier, as Iran's biggest crude buyers refrained from increasing their purchases before sanctions were lifted as part of an agreement on Tehran's disputed nuclear programme. But Iran's rehabilitation in the international commercial system is proceeding fast, with oil...

  • 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.