Thursday, July 18, 2024

Investors Eye Middle East Conflict

Oct 16 (Reuters) - European shares climbed on Monday, with miners in the lead on optimism around demand from top consumer China, although trading was cautious as investors weighed prospects of an escalation in the Middle...

ANALYSIS – China Saves Billions of Dollars From Record Sanctioned Oil Imports

By Chen Aizhu and Muyu Xu SINGAPORE, Oct 11 (Reuters) - China has reaped savings this year of nearly $10 billion through record purchases of oil from countries under Western sanctions, according to Reuters' calculations based on data from...

South Korea Says It’s Making Efforts to Transfer Iran’s Frozen Funds

SEOUL, Sept 5 (Reuters) - Efforts are under way to transfer Iran's funds that had been frozen in South Korea, foreign minister Park Jin said, after Teheran reached a deal with the United States to release American citizens...

OPEC Oil Output Rises in August as Iran Hits 2018 High – Survey

By Alex Lawler LONDON, Aug 31 (Reuters) - OPEC oil output rose in August as Iranian supply rose to its highest since 2018, a Reuters survey found on Thursday, despite ongoing cuts by Saudi Arabia and other members...

Frozen Iranian Assets Transferred to Swiss Central Bank – S.Korean Media

SEOUL, Aug 21 (Reuters) - Iranian assets that had been frozen in South Korea were transferred to Switzerland's central bank last week for exchange and transfer to Iran, South Korean media reported on Monday. The Swiss National Bank...

Iran Says Oil Exports Surpass Exceed Daily Targets

DUBAI, Aug 13 (Reuters) - Iran's oil exports have surpassed the government's 1.4 million barrels per day target, the head of Iran's Plan and Budget Organisation said on Sunday, according to the semi-official Tasnim news agency. "Based on Iran's...

China Pulls Out of Oil Deal with Iran

By Kayhan Life Staff China Petroleum and Chemical Corporation (Sinopec) has pulled out of the Yadavaran Oil Field project in the southwestern province of Khuzestan, according to Hamid Hosseini, the director of the Iranian Oil,...

Iran to Raise Oil Output Amid Curbs on Production

DUBAI, Aug 9 (Reuters) - Iran will produce an extra 250,000 barrels per day (bpd) of oil by the end of summer, the semi-official Tasnim news agency reported on Wednesday citing the head of the National...

Iran Will Pursue Durra Gas Field Oil Rights if Other Parties Shun Cooperation

DUBAI, July 30 (Reuters) - Iran will pursue its rights over the Durra/Arash field if other parties shun cooperation, the country's Oil Minister Javad Owji said on Sunday, according to the Oil Ministry's SHANA news agency. "If...

Kuwait To Drill Durra Field Before Iran Border Demarcation -Minister

DUBAI, July 27 (Reuters) - Kuwait oil minister Saad Al Barrak told SkyNews Arabia on Thursday that his country will start drilling and begin production at the Durra gas field without waiting for border demarcation with Iran. Al...