Asia Top News and Analysis Iran

  • Saudi Minister of Energy Prince Abdulaziz bin Salman al-Saud arrives for the 177th Organization Of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on December 5, 2019.

    Energy ministers from some of the world's largest oil producers will attempt to ratify a deeper round of output cuts on Friday.

  • Dec 6- Major oil producers Saudi Arabia and Russia will seek approval for deeper output cuts from OPEC and allies on Friday in an attempt to support prices and avoid an new oil glut. OPEC and allied producers, the so-called OPEC+, pump more than 40% of the world's oil. OPEC is likely to shoulder 340,000 bpd in fresh cuts and non- OPEC producers an extra 160,000 bpd, one...

  • *For timeline of OPEC cuts, click. A panel of energy ministers representing the Organization of the Petroleum Exporting Countries and non- OPEC producers led by Russia recommended the deeper cut on Thursday, Russian Energy Minister Alexander Novak said. Details of the agreement and how the cuts will be distributed among producers still need to be ratified at a...

  • *For timeline of OPEC cuts, click. A panel of energy ministers representing the Organization of the Petroleum Exporting Countries and non- OPEC producers led by Russia recommended the deeper cut on Thursday, Russian Energy Minister Alexander Novak said. Details of the agreement and how the cuts will be distributed among producers still need to be ratified at...

  • NEW YORK, Dec 5- Turkey's state-owned Halkbank must enter a formal plea to charges that it helped Iran evade sanctions before it can challenge a U.S. court's ability to hear the case, a judge ruled on Thursday. "If Halkbank wishes the district court to decide its jurisdictional motion, this international bank holds the key to unlock its dilemma: travel to New York and...

  • DUBAI/ RIYADH, Dec 5 Reuters)- State-owned oil giant Saudi Aramco's initial public offering (IPO) will be the biggest in history, but will still fall significantly short of the towering $2 trillion valuation long sought by Crown Prince Mohammed bin Salman. Aramco priced its IPO at 32 riyals ( $8.53) per share, the top of its indicative range, the company said in a...

  • *For timeline of OPEC cuts, click. VIENNA/ LONDON, Dec 5- OPEC and allies led by Russia on Thursday agreed one of the deepest output cuts this decade to prevent oversupply in a deal that will apply for an unexpectedly short period of the first three months of 2020.. On Friday, OPEC will meet with Russia and other producers, a group known as OPEC+ that accounts for more than...

  • *For timeline of OPEC cuts, click. VIENNA/ LONDON, Dec 5- OPEC and allies led by Russia on Thursday agreed one of the deepest output cuts this decade to prevent oversupply in a deal that will apply for an unexpectedly short period of the first three months of 2020.. On Friday, OPEC will meet with Russia and other producers, a group known as OPEC+.

  • *For timeline of OPEC cuts, click. VIENNA/ LONDON, Dec 5- OPEC and allies led by Russia on Thursday agreed one of the deepest output cuts this decade to prevent oversupply in a deal that will apply for the first three months of 2020.. Russian Energy Minister Alexander Novak said a panel of energy ministers including Saudi Arabia and Russia had recommended OPEC+ deepen...

  • *Russia says new cuts will last until Q1, OPEC wants more. VIENNA, Dec 5- OPEC and allies led by Russia on Thursday agreed one of the deepest output cuts this decade to support crude prices and prevent a glut but were still debating how long the curbs would last next year. OPEC will then meet on Friday with Russia and other producers, a grouping known as OPEC+.

  • DUBAI/ RIYADH, Dec 5 Reuters)- State-owned oil giant Saudi Aramco's initial public offering (IPO) will be the biggest in history, but will still fall significantly short of the towering $2 trillion valuation long sought by Crown Prince Mohammed bin Salman. Aramco priced its IPO at 32 riyals ( $8.53) per share, the top of its indicative range, according to three sources...

  • *Iranian Oil Minister Bijan Zanganeh will meet OPEC's Secretary General Mohammad Barkindo at 10.30 a.m., a source with knowledge of the matter said on Thursday.

  • TOKYO, Dec 5- Japan is working on a plan to send about 270 seamen to the Middle East to guard ships supplying Japan under a law that allows military deployments for research and intelligence gathering, the Nikkei business daily said. Japan maintains friendly ties with both the United States and Iran, and has said it would not join any U.S. coalition to protect...

  • TOKYO, Dec 5- Japan is working on a plan to send about 270 seamen to the Middle East to guard ships supplying Japan under a law that allows military deployments for research and intelligence gathering, the Nikkei business daily reported. Japan maintains friendly ties with both the United States and Iran, and has said it would not join any U.S. coalition to protect...

  • Helima Croft, managing director and the global head of commodity strategy at RBC Capital Markets, joins CNBC's "Closing Bell" team and Josh Brown of Ritholtz Wealth Management discuss the oil markets.

  • UNITED NATIONS/ BRASILIA, Dec 4- Brazil is in danger of losing its vote at the cash-strapped United Nations if it does not pay some of the $400 million it owes by the end of the year, U.N. and Brazilian officials said. Brazil is the second-largest U.N. debtor after the United States and must pay at least $126.6 million by the end of the year to avoid losing its vote, Gomes...

  • *Iraq says Saudi Arabia supports deeper cuts. VIENNA, Dec 4- OPEC is gearing up to deepen oil supply cuts later this week but still needs to strike an agreement with allies such as Russia on details of a deal to support prices and prevent a glut next year. Next year, rising production in other non- OPEC countries such as Brazil and Norway threaten to add to the glut.

  • *Aramco seeking cover for Eastern Province- source. Aramco, the world's largest oil company, has been looking for cover from insurers including those based at Lloyd's of London and elsewhere in the London market, they added. The firm is seeking cover for facilities in Saudi Arabia's Eastern Province, its oil heartland, where it suffered the September attacks, one...

  • VIENNA, Dec 4- OPEC is gearing up to deepen oil supply cuts later this week but still needs to strike an agreement with allies such as Russia on details of a deal to support prices and prevent a glut next year. Next year, rising production in other non- OPEC countries such as Brazil and Norway threaten to add to the glut. President Donald Trump, who has repeatedly...

  • A gas station that was set ablaze by protesters during a demonstration in Eslamshahr, near Tehran, pictured on November 17, 2019

    The regime's decision to scrap gasoline subsidies sparked massive protests across the country, and a shocking crackdown on those protesters, writes Jake Novak.