OPEC continued to lower its forecast for oil demand in its latest monthly report, issuing its fourth consecutive downward revision to consumption growth for 2019.
European companies are unlikely to continue business with Tehran even if their governments wish otherwise, the White House's National Security Advisor said on Tuesday.
SINGAPORE, Nov 13- The United States will step up enforcement of sanctions on Iran, national security adviser John Bolton said on Tuesday, as Tehran tries to find ways to evade the restrictions in oil trade and in banking. The United States announced reinstatement of sanctions earlier this month as the Trump administration tries to force Iran to curb its nuclear...
BAGHDAD, Nov 12- While Saudi Arabia courted Iraqi leaders behind closed doors at the weekend, its arch-foe Iran made a more public showing by turning out at the Baghdad International Fair, a shop window for business in Iraq. If the region's most bitter rivalry was expected to be on display- last year dozens of Saudi companies also took part- it was an indication of how...
David Petraeus, KKR Global Institute chair and retired four-star Army general joins 'Squawk Box' to discuss how he's helping vets find jobs, Iran oil sanctions and U.S.-Saudi tensions.
CNBC's Steve Sedgwick joins 'Squawk Box' to report on how the converstaions with Saudi Arabia have changed following the U.S. imposing sanctions on Iran.
The main news from Sunday's meeting of producers in Abu Dhabi is that Saudi Arabia is planning to cut the amount it supplies in December by 500,000 barrels per day from November levels. It's no secret that the Saudis, and other producers in the Organization of the Petroleum Exporting Countries and its allies, would prefer crude prices to remain north of $80 a...
BAGHDAD, Nov 12- While Saudi Arabia courted Iraqi leaders behind closed doors at the weekend, its arch-foe Iran made a more public showing by turning out at the Baghdad International Fair, a shop window for business in Iraq. If the region's most bitter rivalry was expected to be on display- last year dozens of Saudi companies also took part- it was an indication of how...
The main news from Sunday's meeting of producers in Abu Dhabi is that Saudi Arabia is planning to cut the amount it supplies in December by 500,000 barrels per day from November levels. It's no secret that the Saudis, and other producers in the Organization of the Petroleum Exporting Countries and its allies, would prefer crude prices to remain north of $80 a...
ABU DHABI, Nov 11- Saudi Arabia plans to reduce oil supply to world markets by 0.5 million barrels per day in December, its energy minister said on Sunday, as the OPEC power faces uncertain prospects in its attempts to persuade other producers to agree a coordinated output cut. Saudi Arabia has increased output by just about 1 million bpd this year under pressure...
Here's what happened this week — Democrats re-take the House in midterms; President Trump spars with CNN reporter; and the Fed leaves interest rates unchanged.
Nov 9- The United States on Monday re-imposed sanctions against Iran's oil exports to punish Tehran for its involvement in several Middle Eastern conflicts. But, fearing a price spike, it granted Iran's biggest buyers- China, India, South Korea, Japan, Italy, Greece, Taiwan and Turkey- sanctions waivers. The U.S. bank also said "payments for the oil by the exempt...
ZHUHAI, China, Nov 7- A Chinese state firm on Wednesday ruled out selling passenger planes to Iran to help the Islamic Republic revive fleet renewal plans, while a Russian executive suggested Moscow would be wary of putting its own programmes at risk of U.S. retaliation. The comments in separate interviews at China's largest air show underscore the challenges...
MELBOURNE, Nov 7- In the end, President Donald Trump kicked the Iran crude oil sanctions can six months down the road, raising questions as to how the various players in the dispute will use the time. The first would be that Trump and his administration effectively blinked first in their dispute with Iran over its nuclear and missile programs.
MELBOURNE, Nov 7- In the end, President Donald Trump kicked the Iran crude oil sanctions can six months down the road, raising questions as to how the various players in the dispute will use the time. The first would be that Trump and his administration effectively blinked first in their dispute with Iran over its nuclear and missile programmes.
Nov 6- American International Group Inc is exiting business activities in Iran that came with a subsidiary it acquired and which now butt up against the sanctions against Iran that have been reimposed by the Trump administration, according to a filing. The cargo includes crude oil shipped from Iran and refined petroleum products shipped to Iran, according to...
*India's oil imports from Iran surge 34 pct in April-Oct. NEW DELHI, Nov 6- India's oil imports from Iran in 2018-19 could be higher than the previous year despite the imposition of U.S. sanctions, a Reuters analysis of industry data shows, forcing the government to rein in purchases in coming months. India's oil imports from Iran jumped by about 34 percent in...
*Russia and Turkey speak of evading sanctions. GENEVA/ LONDON, Nov 6- Iran said on Tuesday it had so far been able to sell as much oil as it needs despite U.S. pressure, but it urged European countries opposed to U.S. sanctions to do more to shield Iran, as Russia and Turkey also voiced their objections. President Donald Trump to curb Tehran's missile and nuclear...
*Washington grants temporary waivers to Iran's top buyers. The United States on Monday restored sanctions targeting Iran's oil, banking and transport sectors and threatened more action to stop what Washington called its "outlaw" policies, steps Tehran called economic warfare and vowed to defy. Treasury Secretary Steven Mnuchin said the aim was to bring...
Dan Yergin, IHS Markit vice chairman, discusses how midterms and the re-imposition of Iranian sanctions are affecting the energy market.
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