Friday 25 July 2014
 
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Iran sanctions

US to veto any bill for more Iran sanctions

US President Barack Obama took his hard line against new sanctions over Iran's nuclear programme directly to US lawmakers by pledging in his annual State of the Union address to veto any legislation that threatens talks with Tehran.

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US Senate to vote on new Iran sanctions bill

US Senate Majority Leader Harry Reid has begun a process that could allow the Senate to vote as soon as next month to impose new sanctions on Iran if talks on its nuclear program fail, Senate aides said on Friday, despite a White House veto thre

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Iran oil sanctions waiver for Asian giants

The US State Department has extended six-month Iran sanctions waivers to China, India, South Korea and other countries in exchange for their reducing purchases of Iranian crude oil earlier this year. The waivers had been expected.

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Global surplus oil capacity inches up in Oct

Global spare crude oil production capacity rose slightly in September and October as Saudi Arabia trimmed output on lower power plant demand, said the US Energy Information Administration in its report. The spare output capacity,

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US 'may exten Iran sanction waivers to India, others'

The US is likely to announce on Friday that it will give at least seven economies including India, South Korea and Turkey another six-month reprieve from financial sanctions against Iran, two US government sources said. As Washing

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World's spare oil capacity grows to 2m bpd

The world's spare oil production capacity outside of Iran rose in last two months as gasoline demand waned in the US and oil use for power generation fell in the Middle East, the US government said in a bimonthly report. In Se

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UN panel expands Iran sanctions list

A UN Security Council committee has expanded its Iran blacklist to include two Iranian individuals and one firm for attempting to skirt UN sanctions by shipping arms to Africa in 2010, the US envoy to the United Nations said. 'The indi

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Iraq eyes waiver on US Iran sanctions

Iraq could seek a waiver from the United States on sanctions on Iran because of its high trade with the neighbouring country and to protect its foreign reserves from penalties, an Iraqi government spokesman said on Friday. The US governmen

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Shell sees EU Iran sanctions pushing up oil prices

Royal Dutch Shell will implement the terms of a European Union embargo on Iranian crude but will need some time to study details of the sanctions which are likely to push oil prices higher, said chief executive Peter Voser. 'We are a E

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Saudi, Qatar to supply Japan with more oil

Saudi Arabia and Qatar are ready to supply Japan with more oil in the event of a shortage due to new sanctions imposed on Iran by the West, according to reports. Saudi Arabia and Japan pledged to boost cooperation in the energy sector with

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