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Oil slips from 2019 highs as economic concerns weigh

Oil prices eased from 2019 peaks on Friday as economic growth concerns weighed on sentiment, pausing a three-month rally driven by OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela.
Tags: businessNews


Nokia says it is not taking on new business in Iran

Finnish telecom equipment maker Nokia does not plan to take on any new business in Iran in 2019, it said in its annual report on Thursday, citing difficulties in dealing with conflicting U.S. and European trade policies.
Tags: Money, Nokia, Iran, businessNews


Oil slips but holds near 2019 peak as supplies tighten

Oil edged lower on Thursday but held near 2019 highs, supported by a sharp tightening of global stocks, OPEC production cuts and U.S. sanctions on key producers Iran and Venezuela.
Tags: Money, Opec, Iran, businessNews


Oil holds near 2019 peak as global supplies tighten

Oil held near 2019 highs on Thursday, supported by tightening U.S. stocks and declining output from key producers due to OPEC production cuts and U.S. sanctions on Iran and Venezuela.
Tags: Money, Opec, Iran, businessNews


Oil slips from 4-month peak, but OPEC cuts, sanctions support

Oil eased from 2019 highs reached earlier in Thursday's session, but markets remain relatively tight amid supply cuts led by producer club OPEC and U.S. government sanctions on Iran and Venezuela.
Tags: Money, Opec, Iran, businessNews


Oil dips from four-month highs, but OPEC cuts, sanctions support

Oil eased away from 2019 highs reached earlier in the session on Thursday, but markets remain relatively tight amid supply cuts led by producer club OPEC and U.S. government sanctions against Iran and Venezuela.
Tags: Money, Opec, Iran, businessNews


Oil hits 2019 highs amid OPEC-led supply cuts, U.S. sanctions on Iran, Venezuela

Oil prices reached their highest so far for 2019 on Thursday as global markets tightened amid supply cuts led by producer club OPEC and U.S. government sanctions against Iran and Venezuela.
Tags: Money, Opec, Iran, businessNews, Iran Venezuela


Oil edges up on ongoing supply cuts, but slowing economy drags

Oil prices edged up on Wednesday, supported by ongoing supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, although gains were limited by concerns over economic growth.
Tags: Money, Opec, Iran, businessNews, Venezuela


Exclusive: How Iran fuel oil exports beat U.S. sanctions in tanker odyssey to Asia

At least two tankers have ferried Iranian fuel oil to Asia in recent months despite U.S. sanctions against such shipments, according to a Reuters analysis of ship-tracking data and port information, as well as interviews with brokers and traders.
Tags: Asia, Money, Iran, businessNews, Reuters


Oil prices pressured by economic slowdown, but OPEC cuts support

Oil prices were on Wednesday weighed down by economic growth concerns that dampened the outlook for fuel consumption, but supported by voluntary supply cuts led by producer club OPEC and by U.S. sanctions against Iran and Venezuela.
Tags: Money, Opec, Iran, businessNews


Oil prices hit 2019 highs on OPEC cuts and U.S. sanctions

Oil prices rose to new 2019 highs on Tuesday, supported by OPEC supply cuts and falling output from Iran and Venezuela because of U.S. sanctions.
Tags: Money, Opec, Iran, businessNews, Venezuela


Oil prices rise to 2019 highs on OPEC cuts, U.S. sanctions

Oil prices rose to new 2019 highs on Tuesday, supported by supply cuts from OPEC and falling output from Iran and Venezuela due to U.S. sanctions.
Tags: Money, Opec, Iran, businessNews, Venezuela


OPEC scraps April meeting but keeps oil cuts in place

Oil producer group OPEC on Monday scrapped its planned meeting in April and will decide instead whether to extend output cuts in June, once the market has assessed the impact of U.S. sanctions on Iran and the crisis in Venezuela.
Tags: Money, Opec, Iran, businessNews


OPEC to scrap April meeting but keep oil cuts in place

OPEC is set to scrap its planned meeting in April and decide instead whether to extend oil output cuts in June, when the market will be able to assess the full impact of U.S. sanctions on Iran and the crisis in Venezuela.
Tags: Money, Opec, Iran, businessNews


Oil pulled two ways by economic slowdown, OPEC-led supply cuts

Oil prices were mixed on Monday, weighed by concerns that an economic downturn may dent fuel consumption, but supported by supply cuts led by producer group OPEC and U.S. sanctions against Iran and Venezuela.
Tags: Money, Opec, Iran, businessNews


Saudi signals OPEC may need to extend oil cuts until end-2019

Saudi Arabia said on Sunday OPEC's job in rebalancing the oil market was far from done as global inventories were still rising despite harsh U.S. sanctions on Iran and Venezuela, signalling it may need to expand output cuts into the second half of 2019.
Tags: Money, Saudi Arabia, Opec, Iran, businessNews, Venezuela


Oil slips on economic slowdown, but OPEC-led cuts still support

Oil prices dipped on Monday amid concerns that an economic downturn may dent fuel consumption, but crude markets remain broadly supported by supply cuts led by producer group OPEC and U.S. sanctions against Iran and Venezuela.
Tags: Money, Opec, Iran, businessNews


Iran’s president inaugurates new gas projects

TEHRAN, Iran (AP) — Iran’s President Hassan Rouhani has inaugurated a new phase in the development of a massive natural gas field. State TV on Sunday quoted the CEO of the South Pars gas field company, Mohammad Meshkinfam, as saying the development will allow Iran to overtake Qatar in the production of natural gas. The […]
Tags: Business, News, Qatar, Iran, Ap, Nation, Hassan Rouhani, TEHRAN Iran, South Pars, Mohammad Meshkinfam


Iran's oil minister blames U.S. for market tensions

Iranian Oil Minister Bijan Zanganeh said on Saturday frequent U.S. comments about oil prices had created market tensions, the ministry's news website SHANA reported.
Tags: Money, Iran, businessNews, Shana, Bijan Zanganeh


U.S. oil hits highest so far this year, but concerns over demand growth drag

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.
Tags: Money, Opec, Iran, businessNews, Venezuela


Oil prices stable as impact of supply cuts dented by fuel demand growth fears

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.
Tags: Money, Opec, Iran, businessNews, Venezuela


Oil prices firm as supply deficit emerges amid disruptions

Oil prices were firm on Friday amid 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.
Tags: Money, Opec, Iran, businessNews, Venezuela


Oil prices stable, supported by signs of emerging supply deficit

Oil prices were steady on Friday, supported 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 of 2019.
Tags: Money, Opec, Iran, businessNews, Venezuela


Oil prices stable amid sanctions and OPEC cuts, but economic concerns drag

Oil prices were steady on Friday amid support from ongoing supply cuts led by OPEC and U.S. sanctions on Venezuela and Iran, but weighed down by concerns that an economic slowdown will soon start denting growth in fuel demand.
Tags: Money, Opec, Iran, businessNews, Venezuela


India to buy 12 percent less Iran oil in April versus March: sources

Indian state refiners will lift 8 million barrels of Iranian oil in April, a decline of about 12 percent from the previous month, industry sources said, as the nation is in talks with the United States to renew the waiver from U.S. sanctions against Tehran.
Tags: Money, India, Iran, businessNews, United States


India's oil imports from Iran slump 60 percent in February: sources

India's oil imports from Iran in February plunged by over 60 percent from a year ago to about 260,000 barrels per day (bpd) as New Delhi cuts imports under a sanctions waiver deal with Washington, data compiled by Reuters showed.
Tags: Money, Washington, India, Iran, businessNews, New Delhi, Reuters


Oil hits four-months highs, Brent reaches $68 on tighter supply

Brent and West Texas Intermediate crude oil futures reached 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.
Tags: Money, Opec, Iran, businessNews, Venezuela


Report: Iran holds drill near key strait, tests armed drones

TEHRAN, Iran (AP) — Iran’s semi-official ISNA news agency says the country’s Revolutionary Guard is holding a drill near the strategic Strait of Hormuz to test dozens of Iranian-made drones, including armed drones. Thursday’s report says it’s the first time such a high number of offensive drones are being used in a drill. It quotes […]
Tags: Business, Technology, News, Iran, Nation, Isna, Strait Of Hormuz, TEHRAN Iran, Revolutionary Guard


Brent oil hits four-month high on OPEC cuts, sanctions against Venezuela and Iran

Oil prices rose on Thursday, with Brent crude hitting its highest since November 2018 amid OPEC-led supply cuts and U.S. sanctions on Venezuela and Iran, while Chinese demand remained strong despite an economic slowdown.
Tags: Money, Opec, Iran, businessNews, Brent, Venezuela


Brent oil hits four-month high on OPEC cuts, sanctions on Venezuela and Iran

Brent crude oil prices rose on Thursday to their highest since mid-November last year, pushed up by OPEC-led supply cuts and U.S. sanctions against Venezuela and Iran.
Tags: Money, Opec, Iran, businessNews, Venezuela



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