Tag Archives: IRAN SANCTION


Oil slips on worries that economic slowdown could weigh on fuel demand

11 November, 2018 9:36 am 9:36 am

SINGAPORE (Reuters) – Oil prices slipped on Tuesday as concerns that an economic slowdown may curb fuel demand growth overshadowed the reintroduction of sanctions on Iran. US West Texas Intermediate (WTI) crude futures CLc1 were at $62.93 a barrel at 0131 GMT, down 17 cents, or 0.3 percent, from their last settlement. International Brent crude … Read More



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Rouhani says Iran to sell oil, defy US sanctions

11 November, 2018 1:58 pm 1:58 pm

DUBAI (Reuters) – Iran will sell its oil and break sanctions reimposed by the United States on its vital energy and banking sectors, Iranian President Hassan Rouhani told economists at a meeting broadcast live on state television on Monday. “America wanted to cut to zero Iran’s oil sales but we will continue to sell our … Read More



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Oil prices fall as US grants Iran sanction waivers to major importers

11 November, 2018 9:36 am 9:36 am

SINGAPORE (Reuters) – Oil prices fell on Monday as the start to US sanctions against Iran’s fuel exports was softened by waivers that will allow major buyers to still import Iranian crude, at least temporarily. Front-month Brent crude futures LCOc1 were at $72.40 per barrel at 0332 GMT on Monday, down 43 cents, or 0.6 … Read More



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US allows eight importers to keep buying Iran oil for now

11 November, 2018 8:41 am 8:41 am

WASHINGTON (Reuters) – The United States said it will temporarily allow eight importers to keep buying Iranian oil when it re-imposes sanctions to try to force Iran to curb its nuclear, missile and regional activities. US Secretary of State Mike Pompeo, who announced the decision, did not name the eight, which he referred to as … Read More



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Oil edges up on looming Iran sanctions, but US-China trade war caps gains

10 October, 2018 8:22 am 8:22 am

SINGAPORE (Reuters) – Oil prices edged up on Monday, as markets were expected to tighten once US sanctions against Iran’s crude exports are implemented next month. Front-month Brent crude oil futures LCOc1 were trading at $79.88 a barrel at 0248 GMT, 10 cents above their last close. US West Texas Intermediate (WTI) crude futures CLc1 … Read More



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Asia stocks edge up but Saudi tensions limit gains

10 October, 2018 8:51 am 8:51 am

TOKYO (Reuters) – Asian stocks rose modestly on Tuesday, gaining a firmer footing after a week of heavy losses, although increasing tensions between Saudi Arabia and the West have fanned geopolitical concerns and capped gains. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS nudged up 0.25 percent, crawling away from a 19-month trough touched … Read More



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Oil prices rise on signs Iranian oil exports are falling further in October

10 October, 2018 8:34 am 8:34 am

SEOUL (Reuters) – Oil prices rose on Tuesday on signs Iranian oil exports this month have fallen from September ahead of US sanctions against Tehran that are set to start in November. International benchmark Brent crude LCOc1 for December delivery rose 27 cents, or 0.33 percent, to $81.05 per barrel by 0325 GMT. US West … Read More



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Oil prices rise on signs that Iranian crude exports fall further

10 October, 2018 9:12 am 9:12 am

TOKYO (Reuters) – Oil prices rose on Tuesday as more evidence emerged that crude exports from Iran, OPEC’s third-largest producer, are declining in the run-up to the re-imposition of US sanctions and as a hurricane moved across the Gulf of Mexico. Brent crude was up 26 cents, 0.3 percent, at $84.17 a barrel by 0244 … Read More



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Oil prices mark weekly gain ahead of Iran sanctions

10 October, 2018 8:59 am 8:59 am

NEW YORK (Reuters) – Crude futures steadied after climbing to four-year highs earlier this week, and both Brent and US crude marked weekly gains ahead of US sanctions on Iranian oil exports. US West Texas Intermediate (WTI) crude CLc1 futures rose 1 cent to settle at $74.34 a barrel. Global benchmark Brent crude LCOc1 futures … Read More



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Brent oil near four-year high ahead of US sanctions against Iran

10 October, 2018 8:11 am 8:11 am

SINGAPORE (Reuters) – Oil prices were firm on Tuesday, holding near a four-year high reached the previous day as markets adjust to the prospect of tighter supply once the US sanctions against Iran kick in next month. Brent crude oil futures LCOc1 were at $84.94 per barrel at 0223 GMT, down 4 cents from their … Read More



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Brent crude oil hits four-year high ahead of Iran sanctions

10 October, 2018 8:19 am 8:19 am

SINGAPORE (Reuters) – Brent crude oil prices hit their highest level since November 2014 on Monday ahead of US sanctions against Iran that kick in next month. Brent crude oil futures LCOc1 were trading at $83.24 per barrel at 0228 GMT, up 51 cents, or 0.3 percent, their highest level since November 2014. US West … Read More



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Oil prices rise 1 percent ahead of US sanctions against Iran

09 September, 2018 8:27 am 8:27 am

SINGAPORE (Reuters) – Oil prices rose by 1 percent on Thursday as investors focused on the prospect of tighter markets due to US sanctions against major crude exporter Iran, which are set to be implemented in November. Front-month Brent crude futures LCOc1 were at $82.17 per barrel at 0133 GMT, up by 83 cents, or … Read More



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Oil prices rise as markets tighten ahead of Iran sanctions

09 September, 2018 8:37 am 8:37 am

SINGAPORE (Reuters) – Oil prices rose on Monday as US markets tightened just weeks ahead of Washington’s plan to impose new sanctions against Iran, with US bank J.P. Morgan warning of price spikes above $90 per barrel in coming months. Brent crude futures LCOc1 were at $79.71 per barrel at 0138 GMT, up by 91 … Read More



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Oil prices ease as trade row clouds demand outlook

09 September, 2018 9:23 am 9:23 am

BEIJING (Reuters) – Global oil prices eased in early Asian trading on Monday on concerns that the United States is poised to impose additional tariffs on China, outweighing supply fears from upcoming sanctions on Iran. Brent crude oil futures LCOc1 dipped 16 cents, or 0.2 percent to $77.93 a barrel by 0035 GMT. US West … Read More



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