Asia Top News and Analysis Iran

  • *OPEC has led supply cuts since start of year. *U.S. sanctions against Venezuela, Iran further tighten market. SINGAPORE, March 15- Oil prices edged up on Friday, with U.S. crude climbing to its highest so far this year as production cuts led by OPEC and U.S. sanctions against Venezuela and Iran likely created a slight deficit in global supply in the first quarter.

  • *OPEC has led supply cuts since start of year. *U.S. sanctions against Venezuela, Iran further tighten market. SINGAPORE, March 15- Oil prices were stable on Friday, propped up by production cuts led by OPEC and as U.S. sanctions against Venezuela and Iran likely created a slight deficit in global supply in the first quarter of 2019..

  • Meng Wanzhou, Executive Board Director of the Chinese technology giant Huawei, attends a session of the VTB Capital Investment Forum "Russia Calling!" in Moscow, Russia October 2, 2014.

    Huawei Technologies Chief Financial Officer Meng Wanzhou had been looking for another job when she was arrested in Canada last December on a U.S. warrant, the firm's founder claimed in an interview aired on Thursday.

  • *Weekly U.S. soybean exports of 1.915 million tonnes were near the top end of expectations, after large sales to China reported in recent days, according to a U.S. Agriculture Department report released on Thursday morning. President Donald Trump said on Thursday the United States was doing very well in trade talks with China, but that he could not say whether a...

  • WASHINGTON, March 14- The United States is considering imposing financial sanctions that could prohibit Visa Inc, Mastercard Inc and other financial institutions from processing transactions in Venezuela, a senior Trump administration official said on Thursday. The sanctions would be targeted at the elite and groups loyal to Maduro, including members of...

  • March 14- China's Huawei Technologies Co Ltd on Thursday pleaded not guilty to a 13- count indictment filed in a New York federal court against the company, as tensions have ratcheted up between the U.S. and Beijing. At the arraignment in U.S. District Court in Brooklyn, James Cole, a U.S. lawyer for Huawei, entered the plea on behalf of the company and its U.S....

  • *Venezuela, under U.S. sanctions, leads OPEC production lower. *OPEC compliance with supply-cutting deal rises in Feb. "While oil demand is expected to grow at a moderate pace in 2019, it is still well below the strong growth expected in the non- OPEC supply forecast for this year," OPEC said in the report.

  • Oil drilling operations in west Texas.

    Brent and West Texas Intermediate crude oil futures hit four-months highs on Thursday, as a production curb agreement by OPEC and its partners along with U.S. sanctions on Iran and Venezuela tightened global supplies.

  • LONDON, March 14- European shares rallied to five-month highs on Thursday after Britain's parliament removed a key source of uncertainty by rejecting a no-deal Brexit though sombre economic data and trade fears kept a lid on gains. A pan-European equity index jumped 0.7 percent to the highest since October after Britain's parliament vote on Wednesday.

  • *FTSE 100 up 0.4 pct. *FTSE 250 up 0.5 pct. The FTSE 100 was 0.4 percent higher by 0932 GMT, placing it on course for its fourth straight session of gains, and the FTSE 250 was up 0.5 percent.

  • *FTSE 100 up 0.4 pct. *FTSE 250 up 0.1 pct. The FTSE 100 was 0.4 percent higher by 0855 GMT, its fourth straight session of gains, while the FTSE 250 was up by 0.1 percent.

  • DUBAI, March 14- At least two people were killed on Thursday in a gas pipeline explosion in southwest Iran, the Iranian Students News Agency ISNA reported. A local official told Iran's state TV that the number of injured people "was not known" and cars in the area had caught fire. Poor safety measures and Iran's aging infrastructures have been blamed by some...

  • DUBAI, March 14- At least two people were killed on Thursday in a gas pipeline explosion in southwest Iran, the Iranian Students News Agency reported.

  • SYDNEY, March 14- Asian shares stumbled on Thursday after Chinese data signalled further weakness in the world's second-biggest economy while the pound eased off nine-month highs ahead of another Brexit vote. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2 percent after treading water for most part of the day. Shanghai's SSE Composite...

  • The oil tanker 'Devon' prepares to transfer crude oil from Kharg Island oil terminal to India in the Persian Gulf, Iran, on March 23, 2018.

    A State Department official on Iran says the oil market supply forecast for 2019 will exceed demand globally this year by 400,000 barrels, giving the U.S. more room to be aggressive on sanctions and try to take Iranian crude supply to zero.

  • Oil pumpjacks in the Permian Basin oil field are getting to work as crude oil prices gain.

    Oil prices rose on Wednesday, buoyed by a large U.S. inventories drawdown and as sanctions stall exports from Venezuela.

  • The United States has imposed harsh sanctions in the past several months on two major world oil producers, Venezuela and Iran. Pompeo said Washington would use all its economic tools to help deal with the situation in Venezuela, which is mired in a years-long economic crisis and where socialist President Nicolas Maduro is maintaining power despite being...

  • WASHINGTON, March 12- The United States is preparing to impose "very significant" Venezuela- related sanctions against financial institutions in the coming days, U.S. special envoy Elliott Abrams said on Tuesday. Washington said it had decided to withdraw the remaining diplomats due to deteriorating conditions in Venezuela, which has been plunged into its...

  • *OPEC- led supply cuts support prices. LONDON, March 12- Oil rose to around $67 a barrel on Tuesday, supported by Saudi Arabia's plan for further voluntary supply curbs in April and a cut in oil exports from Venezuela due to a power outage. Saudi Arabia, seeking to drain a supply glut and support prices, plans in April to keep its oil output well below the level required of...

  • DUBAI, March 12- Iran is to launch four new phases at South Pars, the world's largest gas field, with a production capacity of up to 110 million cubic metres per day, the oil ministry said on Twitter on Tuesday. The offshore field is shared between Iran and Qatar, which calls it North Field,. Iran needs foreign investment to boost output from its oil and gas reserves...