Asia Top News and Analysis Iran

  • Tough talk today between Israel and other nations could be another reason behind oil’s surge. Get the international perspective from Tim Seymour!

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    Oil jumped nearly $11 to a record $138.54 a barrel Friday on the slumping US dollar and rising tensions between Israel and Iran.

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    According to what's billed as an "Exclusive" on the Jerusalem-based English-language website, DEBKA, the Bush Administration is "closer than ever before to ordering a limited missile air bombardment" on some Iranian Revolutionary Guard installations.

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    Oil prices fell Thursday as a big increase in U.S. natural gas stocks weighed on the energy complex, spurring profit-taking from recent highs.

  • U.S. light, sweet crude for June delivery fell $1.58 to settle at $124.22 a barrel Wednesday on the New York Mercantile Exchange.

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    Oil prices didn't set a Nymex closing record Tuesday, but they came very close.

  • Nuclear Power Plant

    Iran said on Monday it would not consider any incentives offered by world powers that violated its right to nuclear technology, ruling out a precondition that it suspend uranium enrichment.

  • Iranian Oil Minister Gholamhossein Nozari said in remarks published on Tuesday that the market was sufficiently supplied with crude and he saw no need for OPEC to raise production.

  • A senior Iranian oil official said on Thursday there was "enough" supply in the market at this time and blamed the high crude price on excessive liquidity in financial markets.

  • Turkmenistan has stopped natural gas exports to Iran, causing winter shortages in some parts of its neighbour, Iranian officials said on Monday.

  • Oil Refinery

    Iran said China's Sinopec would invest around $2 billion under a deal signed on Sunday to develop the huge Yadavaran oil field, the kind of energy deal the United States has been trying to prevent.

  • Abu Dhbai

    OPEC agreed on Wednesday to keep exports unchanged, rebuffing consumer country calls for more crude to rein in $90-a-barrel oil.

  • Abu Dhbai

    OPEC's big Gulf producers are keeping the door open for higher oil exports when the group meets Wednesday in Abu Dhabi.

  • Oil Pipeline

    An oil price "bubble" was not due to any shortage but was fuelled by global political tensions, a leading Iranian oil official told the state broadcaster.

  • The unofficial transcript of an interview with Vice President Dick Cheney on "Kudlow & Company."

  • The Bush administration announced Thursday that it is imposing sweeping new sanctions against Iran's defense ministry, its Revolutionary Guard Corps and a number of banks.

  • Oil Pipeline

    Oil rose $2 to over $81 per barrel Tuesday, on concerns about consumer-nation supplies ahead of the coming Northern Hemisphere winter.

  • Oil Pipeline

    Energy futures fell in quiet holiday trading Monday as investors, questioning whether oil will keep surging to new highs, decided to cash in some of their recent profits.

  • Oil Pipeline

    Energy futures fell Friday, as traders expecting a weakening of demand in the coming months cashed in profits from the previous session's rally.

  • Oil Refinery

    Oil ended trade at $79.97 per barrel on Wednesday, after weekly U.S. data defied forecasts and showed crude inventories rising.