Asia Top News and Analysis Iran

  • *Saudi Arabia oil exports fall to 7 mln bpd in Feb- JODI. NEW YORK, April 18- Oil futures edged up on Thursday as a drop in crude exports from OPEC's de facto leader, Saudi Arabia, and a draw in U.S. drilling rigs and oil inventories supported prices. Brent crude futures settled at $71.97 a barrel, up 35 cents from their last close and near Wednesday's five-month high of...

  • *Saudi Arabia oil exports fall to 7 mln bpd in Feb- JODI. LONDON, April 18- Oil prices were little changed on Thursday as a drop in crude exports from OPEC's defacto leader Saudi Arabia and a draw in U.S. oil inventories supported prices, while the strengthening dollar and weak equities kept futures in check. Brent crude futures were at $71.70 a barrel by 11:24 a.m. EDT,...

  • April 18- Canada's main stock index edged higher on Thursday, supported by energy stocks, although global growth concerns and a drop in shares of Rogers Communications kept a lid on further gains. *At 9:33 a.m. ET, the Toronto Stock Exchange's S&P/TSX Composite index was up 21.67 points, or 0.13 percent, at 16,565.91. *Oil prices rose slightly on Thursday, boosted by...

  • LONDON, April 18- Oil prices rose slightly on Thursday, boosted by a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran. Brent crude futures were at $71.80 a barrel at 1313 GMT, up 18 cents from their last close and near Wednesday's five-month high of $72.27 a barrel. U.S. crude inventories fell by 1.4...

  • A support vessel flying an Iranian national flag sails alongside the oil tanker 'Devon' as it prepares to transport crude oil to export markets in Bandar Abbas, Iran, on Friday, March 23, 2018.

    A black swan event could soon be surfacing in energy markets, industry experts have told CNBC.

  • LONDON, April 18- Global shares erased this week's gains on Thursday after weak manufacturing surveys from Asia and Europe stoked fears of a widespread slowdown in growth, adding to profit-taking ahead of the long Easter weekend. However, short-covering helped Germany's DAX trade half a percent higher by afternoon in London and the pan-European STOXX 600...

  • LONDON, April 18- Oil prices rose slightly on Thursday, boosted by a decline in U.S. inventories, ongoing supply cuts from OPEC and its allies, and U.S. sanctions on Venezuela and Iran. Brent crude futures were at $71.89 a barrel at 1129 GMT, up 27 cents from their last close and near Wednesday's five-month high of $72.27 a barrel. U.S. crude inventories fell by 1.4...

  • An oil pumpjack operates near Williston, North Dakota.

    A drop in crude shipments from top exporter Saudi Arabia and a draw in U.S. oil inventories supported prices on Thursday.

  • TOKYO/ SYDNEY, April 18- Oil prices edged higher on Wednesday, supported by ongoing OPEC- led supply cuts and a surprise fall in U.S. crude inventories, although gains were capped by strong U.S. production. Brent crude futures were at $71.71 a barrel at 0500 GMT, up 9 cents, or 0.1 percent, from their last close and not far off Wednesday's five-month high of $72.27 a barrel.

  • TOKYO/ SYDNEY, April 18- Oil prices dropped on Thursday as the impact of plentiful U.S. production offset a surprise decline in U.S. inventories, leaving international benchmark Brent retreating from a five-month high touched in the previous session. Brent crude futures were at $71.42 a barrel at 0235 GMT, down 20 cents, or 0.3 percent, from their last close.

  • *OPEC supply cuts, U.S. sanctions support oil prices. *China's 1st qtr GDP rises 6.4 percent year/year. "The rally overnight was predicated on a 3 million-barrel-per-day draw in crude that did not materialize," said Bob Yawger, director of energy futures at Mizuho in New York.

  • *OPEC supply cuts, U.S. sanctions support oil prices. *China's Q1 GDP rises 6.4 percent year/year. Brent crude futures were up 23 cents at $71.95 by 12:16 p.m. EDT, having hit an intraday peak of $72.27.

  • *OPEC supply cuts, U.S. sanctions support oil prices. LONDON, April 17- Brent oil hit a 2019 high above $72 a barrel on Wednesday, propelled by steady economic growth in China and a fall in U.S. crude stocks which defied expectations and signaled firm demand, while global supply remained tight. China's economy grew by 6.4 percent in the first quarter, official data...

  • *Fuel queues grow in Syria. *Assad has said Syria under "siege" by enemies. BEIRUT, April 17- Syria has suffered oil shortages since an Iranian credit line was halted six months ago and not one oil tanker has reached the country since then, a pro-government newspaper said on Wednesday, as a fuel crisis worsened.

  • DUBAI, April 17- Iran has shut around a dozen oil wells in its oil-rich southwestern Khuzestan province because of massive floods, the semi-official Mehr news agency reported on Wednesday, leading to a drop of up to 20,000 barrels per day in crude production. We have closed 10 to 12 oil wells there as a precautionary measure to prevent any environmental damages, "...

  • *OPEC supply cuts, U.S. sanctions support oil prices. LONDON, April 17- Brent oil hit a 2019 high above $72 a barrel on Wednesday, propelled by steady economic growth in China and a fall in U.S. crude stocks which defied expectations and signalled firm demand, while global supply remained tight. China's economy grew by 6.4 percent in the first quarter, official data...

  • *OPEC supply cuts, U.S. sanctions support oil prices. SEOUL, April 17- Oil prices rose for a second day on Wednesday on signs of strong demand from refineries in China, the world's second-largest crude user, amid tightening supply as producers curtail output and as oil inventories in the United States fell unexpectedly. The steady demand growth in China is...

  • President Donald Trump returns to the White House following a trip to Burnsville, Minnesota on April 15, 2019 in Washington, DC.

    U.S. President Donald Trump has vetoed a congressional resolution that sought to end America's involvement in the Saudi-led war in Yemen, the White House said on Tuesday.

  • Libya envoy says Haftar made coup attempt. *Iran's oil exports hit new 2019 low so far in April- sources. NEW YORK, April 16- Oil prices rose 1 percent on Tuesday, as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply, but uncertainty surrounding an OPEC- led production cut limited gains.

  • Libya envoy says Haftar made coup attempt. NEW YORK, April 16- Oil prices were steady on Tuesday, as fighting in Libya and falling Venezuelan and Iranian exports raised concerns over tightening global supply, but uncertainty surrounding an OPEC- led production cut limited gains. In Libya, fighting between Khalifa Haftar's Libyan National Army and the...