Opec, allies reach deal to cut oil production by 1.2m bpdThe Organization of the Petroleum Exporting Countries (Opec) along with Russia and its allies, including a stubborn holdout Iran, has r0eached a last minute deal on a larger-than-expected production cut, in a move that could mop up a bur More… |
Oil plunges to new three-year low as glut fears growOil notched its biggest weekly loss since the depths of the last price crash, as record Saudi output, pressure from US President Donald Trump and a global stock sell-off intensified crude’s freefall, reported Blomberg. More… |
US set to reimpose sanctions on IranThe US is all set to reinstate sanctions on Iran that removed under the 2015 nuclear deal on November 5. "Sanctions are coming," tweeted US President Donal Trump. It will be the "toughest sanctio More… |
No impact on UAE from Iran quake: reportA magnitude 2.1 quake was reported north east of Bander Abbas, Southern Iran, at 8.59 pm UAE timing, a media report said. No quake jolts were reported across the UAE, reported Emirates news agency Wam, citing a statement More… |
Saudi Arabia rejects Iran charge on parade attackSaudi Arabia's Ministry of Foreign Affairs has categorically rejected accusations made by Iranian officials about the kingdom's support for attacks on Iran's Military Parade on Saturday. An of More… |
Total officially quits Iran project: reportFrench oil and gas company Total has officially left the contract with Iran to develop the South Pars oil field in southern country, a senior Iranian government official was quoted as saying in a media report. Total has announced More… |
Total officially quits Iran project: reportFrench oil and gas company Total has officially left the contract with Iran to develop the South Pars oil field in southern country, a senior Iranian government official was quoted as saying in a media report. Total has announced More… |
Trump reimposes sanctions on IranUS President Donald Trump has reimposed major financial sanctions on Iran, targeting currency purchases and key industries. The move comes three months after he pulled US out of the 2015 nuclear agreement betwe More… |
Trump reimposes sanctions on IranUS President Donald Trump has reimposed major financial sanctions on Iran, targeting currency purchases and key industries. The move comes three months after he pulled US out of the 2015 nuclear agreement betwe More… |
KLM to suspend flights to TehranDutch airline KLM said it has decided to suspend its flights to Tehran for the time being "as a result of the negative results and financial outlook." The airline, part of the Air France KLM group, made the announcement More… |