* "OPEC monopoly must get prices down now! *OPEC to meet on Sunday in Algeria to discuss supply. President Donald Trump called on OPEC to "get prices down now!"
* "OPEC monopoly must get prices down now! *OPEC to meet on Sunday in Algeria to discuss supply. President Donald Trump called on OPEC to "get prices down now!"
TOKYO, Sept 20- Japanese oil refiners have temporarily halted Iranian oil loadings ahead of U.S. sanctions and are buying alternatives as it remains unclear whether Japan will receive an exemption, the head of the country's refinery association said on Thursday. Many refiners in Japan, the world's fourth-biggest oil consumer, say they are resigned to...
Sept 19- Volkswagen AG will end almost of all its operations in Iran, Bloomberg reported on Wednesday, citing a U.S. official who led the discussions with the carmaker. The Trump administration persuaded Volkswagen to comply with U.S. sanctions on Iran, Bloomberg said. President Donald Trump pulled out of a 2015 pact between Iran and major world powers under which...
Tourists are shying away from Iran, while locals are not spending their money either, both of which have had a negative effect on the country's economy.
While the firm FireEye says the so-called "spear-phishing" email campaign only involves hackers stealing information from infected computers, it involves a similar type of malware previously used to inject a program that destroyed tens of thousands of terminals in Saudi Arabia. "Whenever we see Iranian threat groups active in this region, particularly in...
FUJAIRAH, United Arab Emirates— OPEC must stick together for the good of the global economy as founding member Iran faces renewed U.S. sanctions, the head of the cartel said Tuesday— though he did not address how an already-tight market will make up for the loss of Iranian supply. Still, OPEC will face rising anger from Iran, one of the cartel's top producers.
*Saudi Arabia, Russia have taken oil market "hostage"- Iran. BEIJING, Sept 17- Oil prices rose on Monday as investors focused on the impact of U.S. sanctions on Iran despite assurances by Washington that Saudi Arabia, Russia and the United States could together raise output fast enough to offset falling supplies. Washington aims to cut Iran oil exports down to zero to...
*Saudi Arabia Russia have taken oil market "hostage"- Iran. BEIJING, Sept 17- Oil prices rose on Monday as investors focused on the impact of U.S. sanctions on Iran despite assurances by Washington that Saudi Arabia, Russia and the United States could together raise output fast enough to offset falling supplies. Washington aims to cut Iran oil exports down to zero to...
BEIJING, Sept 17- Global oil prices edged up from early losses on Monday despite assurances from Washington that Saudi Arabia, Russia and the United States can raise output fast enough to offset falling supplies from Iran and elsewhere. Washington aims to cut Iran oil exports down to zero to force Tehran to re-negotiate a nuclear deal. Iran's OPEC governor said...
NEW DELHI, Sept 14- Indian refiners will cut their monthly crude loadings from Iran for September and October by nearly half from earlier this year as New Delhi works to win waivers on the oil export sanctions Washington plans to reimpose on Tehran in November. India's loadings from Iran for this month and next will drop to less than 12 million barrels each, after...
NEW YORK, Sept 14- Oil prices pulled back on Friday on concerns additional U.S. tariffs would be placed on Chinese imports, after an earlier rally triggered by worries that more sanctions on Iran might constrict supply. Secretary of State Michael Pompeo was going to announce new sanctions on Iran. "It increases the odds that there will be less oil coming out of there,"...
*Report says Trump proceeding with tariffs on China. *Emerging market stocks rise after Turkey rate hike. NEW YORK, Sept 14- A world stock index climbed as bank and energy shares rose on Friday, but the momentum was sapped by a report that Washington may fire a new salvo in its trade dispute with Beijing.
NEW YORK, Sept 14- Oil prices were largely steady on Friday after the previous session's steep drop due to demand concerns, but were on track to end the week higher bolstered by earlier gains on supply constraints from Iran following U.S. sanctions. Prices are holding at a lower level under pressure from high U.S. East Coast gasoline stockpiles and a sense that...
LONDON, Sept 14- Oil prices were broadly flat on Friday with the market exposed to bullish and bearish sentiments as it clawed back some territory after falling by the most in a month in the previous session. Brent crude was up 3 cents at $78.21 a barrel at 1327 GMT. "There has been a lot of speculative interest searching for Brent above $80.00 a barrel on the back of the...
Brent crude was up 25 cents at $78.43 a barrel by 0810 GMT. "We think the oil market will have another go at pushing Brent above $80 a barrel," Harry Tchilinguirian, oil strategist at French bank BNP Paribas, told the Reuters Global Oil Forum. The United States is renewing sanctions on Iran after withdrawing from a nuclear deal forged in 2015 between Tehran and world...
NEW DELHI, Sept 14- Indian refiners will cut their monthly crude loadings from Iran for September and October by nearly half from earlier this year as New Delhi works to win waivers on the oil export sanctions Washington plans to reimpose on Tehran in November. India's loadings from Iran for this month and next will drop to less than 12 million barrels each, after...
NEW DELHI, Sept 14- Indian refiners are preparing to cut daily Iranian crude oil imports nearly in half in September and October compared with the daily imports for April-August, according to data gathered by Reuters from industry and trade sources. Even with the reductions for this month and next, India refiners will still import about 73 percent of their...
*South Korea halts Iran oil imports since Aug on U.S. sanctions. *China's demand for Iran condensate drops in summer. The tankers, carrying about 2.4 million barrels of South Pars condensate combined, have been floating off the UAE since August after South Korea halted imports from Iran while China's demand dropped during summer, according to several industry...
For centuries, Iran's bazaar has been the beating heart of both its economic and political life. But recent economic troubles have occurred, spearheaded by President Donald Trump's decision to pull America out of the 2015 Iran nuclear deal.
Data also provided by 
