×

Asia Top News and Analysis Iran

  • DUBAI, June 24- The Iranian rial plunged to a record low against the U.S. dollar on the unofficial market on Sunday, continuing its slide amid fears of returning U.S. sanctions after President Donald Trump in May withdrew from a deal on Tehran's nuclear programme. The dollar was being offered for as much as 87,000 rials, compared to around 75,500 on Thursday, the last...

  • DUBAI, June 24- The Iranian rial plunged to a record low against the U.S. dollar on the unofficial market on Sunday, continuing its slide amid fears of returning U.S. sanctions after President Donald Trump in May withdrew from a deal on Tehran's nuclear programme. The dollar was being offered for as much as 87,000 rials, compared to around 75,500 on Thursday, the last...

  • *OPEC deal with non- OPEC gives no specific targets. VIENNA, June 23- OPEC agreed with Russia and other oil-producing allies on Saturday to raise output from July, with Saudi Arabia pledging a "measurable" supply boost but giving no specific numbers. On Saturday, non- OPEC oil producers agreed to participate in the pact but a communique issued after their talks with...

  • *OPEC deal with non- OPEC gives no specific targets. VIENNA, June 23- OPEC agreed with Russia and other oil-producing allies on Saturday to raise output from July, with Saudi Arabia pledging a "measurable" supply boost but giving no specific numbers. On Saturday, non- OPEC oil producers agreed to participate in the pact but a communique issued after their talks with...

  • *OPEC deal with non- OPEC gives no specific targets. VIENNA, June 23- OPEC agreed with Russia and other oil-producing allies on Saturday to raise output from July, with Saudi Arabia pledging a "measurable" supply boost but giving no specific numbers. On Saturday, non- OPEC oil producers agreed to participate in the pact but a communique issued after their talks with...

  • *No figures expected on Saturday- OPEC sources. VIENNA, June 23- OPEC is meeting Russia and other oil-producing allies on Saturday to clinch a new deal raising output, a day after agreeing a production hike within the group itself but confusing the market as to how much more oil it will pump. Non- OPEC oil producers are now holding talks with OPEC in an effort to secure...

  • *Trump says hopes OPEC will increase "substantially". VIENNA, June 23- OPEC meets Russia and other allies on Saturday to clinch a new deal raising oil output, a day after agreeing a production hike within the group itself but confusing the market as to how much more oil it will pump. Russia and other non- OPEC oil producers will now meet OPEC in a bid to secure their...

  • *Real increase for OPEC, Russia seen around 770,000 bpd. *Trump says hopes OPEC will increase "substantially". VIENNA, June 22- OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to curb rising fuel costs.

  • *Real increase for OPEC, Russia seen around 770,000 bpd. *Trump says hopes OPEC will increase "substantially". VIENNA, June 22- OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to help reduce the price of crude and avoid a supply...

  • *Real increase for OPEC, Russia seen around 770,000 bpd. *Trump says hopes OPEC will increase "substantially". VIENNA, June 22- OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to help reduce the price of crude and avoid a supply...

  • *Some Indian firms already reducing Iran oil imports. NEW DELHI, June 22- India is looking to revive a rupee trade mechanism to settle part of its oil payments to Iran, fearing foreign channels to pay Tehran might choke under pressure from U.S. sanctions, two government sources said. Iran used the funds to import goods from India.

  • Khalid Al-Falih, Saudi Arabia's energy and industry minister, arrives ahead of the 174th Organization Of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Friday, June 22, 2018.

    OPEC ministers announced a deal that will increase oil supplies after the producer group capped output for the last 18 months.

  • *Real increase for OPEC, Russia will be lower. VIENNA, June 22- OPEC agreed on Friday on a modest increase in oil production from July after its leader Saudi Arabia persuaded arch-rival Iran to cooperate amid calls from major consumers to help reduce the price of crude and avoid a supply shortage. Two OPEC sources said the group agreed that OPEC and its allies led by...

  • *OPEC has history of agreeing deals without Iran. VIENNA, June 22- OPEC moved closer on Friday towards boosting oil output as its leader Saudi Arabia appeared to have persuaded arch-rival Iran to cooperate, after major consumers warned of a supply shortage. OPEC in theory needs the agreement of all members to clinch a deal but has in the past agreed production...

  • Saudi Arabia's Oil Minister Khalid al-Falih talks to journalists at the beginning of an OPEC meeting in Vienna, Austria, June 22, 2018.

    OPEC appeared to be on the brink of raising oil supply on Friday, as de-facto leader Saudi Arabia looked to have convinced arch-rival Iran to cooperate over production policy.

  • VIENNA— The Latest on the OPEC meeting on oil production:. Countries in the OPEC oil cartel have agreed to a new oil output level that effectively increases production by almost 1 million barrels per day. Ahead of Friday's meeting, OPEC's largest producer, Saudi Arabia, was seen to be open to higher production but Iran had been hesitant.

  • *OPEC has history of agreeing deals without Iran. VIENNA, June 22- OPEC moved closer on Friday towards boosting oil output as its leader Saudi Arabia appeared to have persuaded arch-rival Iran to cooperate, after major consumers warned of a supply shortage. OPEC in theory needs the agreement of all members to clinch a deal but has in the past agreed production...

  • *OPEC has history of agreeing deals without Iran. VIENNA, June 22- OPEC will seek agreement on Friday to boost oil output amid calls from major consumers to prevent a supply shortage and despite opposition from group member Iran, which faces export-crippling U.S. sanctions. OPEC in theory needs the agreement of all members to clinch a deal but has in the past agreed...

  • *OPEC has history of agreeing deals without Iran. VIENNA, June 22- OPEC will seek agreement on Friday to raise oil production despite opposition from Iran, which has threatened to block the move as it faces export-crippling U.S. sanctions. Iran, OPEC's third-largest producer, has so far been the main barrier to a deal as it called on OPEC to reject pressure from U.S.

  • *Oil choppy ahead of crucial OPEC meeting. TOKYO, June 22- Asian shares stumbled to their lowest in six months on Friday, hurt by signs U.S. trade battles with China and many other countries are starting to chip away at corporate profits, while oil prices were choppy before an OPEC meeting to discuss raising output. South Korea's KOSPI hit nine-month lows and in...