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Saudi Aramco attack: Investigation of drone strike on oil facilities still on
Mon, Sep 16, 2019
Saudi Arabia authorities continued investigating the destructive drone attack by Yemeni Houthi rebels against two Aramco facilities earlier this weekend.
Oil prices slide 2% after report Trump weighed easing Iran sanctions
Thu, Sep 12, 2019
Oil prices tumbled more than 2% on Wednesday after a report that U.S. President Donald Trump weighed easing sanctions on Iran, which could boost global crude supply at a time of lingering worries about global energy demand.
Qatari leader ready to mediate between US, Iran
Wed, Jul 10, 2019
The ruler of Qatar, one of the handful of Arab nations on good terms with Tehran, met with President Donald Trump for talks expected to touch on Doha`s offer to help ease tensions between the US and Iran.
Iran ratchets up tensions with higher enrichment, draws warnings
Mon, Jul 08, 2019
Iran said on Sunday it will shortly boost its uranium enrichment above a cap set by a landmark 2015 nuclear deal, prompting a warning `to be careful` from U.S. President Donald Trump, who has pressured Tehran to renegotiate the pact.
US sanctions on Iran: Dollar drops amid bets on Fed rate cuts, geopolitical tensions
Tue, Jun 25, 2019
The US President claimed Monday`s move came after "a series of aggressive behaviours by the Iranian regime in recent weeks," including the shooting down of a US drone.
Twitter pulls down over 4,000 accounts linked to Iranian government
Mon, Jun 17, 2019
In its latest transparency disclosure, Twitter revealed that it pulled down a massive chunk of accounts related to the Iranian government which was found in violation of the Twitter Rules. In an official blog, Head of Site Integrity, Yoel Roth noted that the company removed a total of 4,779 accounts originating in Iran and believed to be associated with or directly backed by the Iranian government. Out of these, more than 1600 accounts originated in Iran and tweeted nearly 2 million times global news content with an angle that benefited the diplomatic and geostrategic views of the Iranian state. Over 200 accounts were more directly engaged with discussions related to Israel, while more than 2800 accounts employed false personas to target political conversations in Iran.
Throughputs, marketing volumes helped HPCL to get better margins: MK Surana, CMD
Tue, May 21, 2019
We gained around Rs 248 crore on the exchange rate fluctuation in the quarter but there was a loss of Rs 579 crores on yearly basis, says MK Surana, Chairman and Managing Director, Hindustan Petroleum Corporation Limited (HPCL), during an interview with Zee Business.
Explained - How US, Iran tension might impact crude oil prices
Mon, May 20, 2019
Oil rose to multi-week highs on Monday after OPEC indicated it would probably maintain production cuts that have helped support prices this year, while tension continued to escalate in the Middle East. US President Donald Trump threatened Tehran on Sunday, tweeting that a conflict would be the "official end" of Iran, while Saudi Arabia said it was ready to respond with "all strength" and it was up to Iran to avoid war. Zee Business expert Narendra Taneja explains the impact on crude prices.
Iraq continues to be India's top oil supplier, imports from US rises 4-folds
Wed, May 01, 2019
Iraq sold 46.61 million tonne of crude oil to India during April 2018 and March 2019, 2 per cent more than 45.74 million tonne it had supplied in 2017-18 fiscal.
India to get extra oil from major producers to make up for Iran oil loss: Dharmendra Pradhan
Tue, Apr 23, 2019
Dharmendra Pradhan said India has put in place a robust plan for adequate supply of crude oil to refineries.
End to Iran sanction waivers only bullish for oil prices in short term: Barclays
Tue, Apr 23, 2019
The U.S. push to reduce Iranian oil exports to zero will tighten crude markets significantly in the short term, but is unlikely to have a big effect on prices over a longer period, Barclays said in a note on Monday.
US to announce end to sanctions waivers for Iran oil imports: source
Mon, Apr 22, 2019
The United States is expected to announce on Monday that all importers of Iranian oil will have to end their imports shortly or be subject to U.S. sanctions, a source familiar with the situation told Reuters.
Breakthrough in TIR Convention: First shipment from Afghanistan arrives in India from Iran's Chabahar Port
Wed, Mar 13, 2019
Opening of Chabahar Port for TIR highlights how it has been chosen by these three countries as a key tool to help activate the Chabahar transport agreement.
India to import Iranian oil using rupee payment mechanism: source
Fri, Dec 07, 2018
India will import crude oil from Iran using a rupee-based payment mechanism, an industry source involved in discussions told Reuters.
On Iran ban, this is how India could assert its sovereignty without miffing US
Mon, Nov 12, 2018
Most experts say a law like the EU Blocking Statute, which protects individuals and companies of EU member states from the “extra-territorial” US sanctions, holds more merit than a waiver.
Factbox: The knowns and unknowns of U.S. Iran oil sanction waivers
Fri, Nov 09, 2018
The United States on Monday re-imposed sanctions against Iran`s oil exports to punish Tehran for its involvement in several Middle Eastern conflicts.
US exempts India from certain sanctions for development of strategic Chabahar Port in Iran
Wed, Nov 07, 2018
The United States has exempted India from imposition of certain sanctions for the development of the strategically-located Chabahar Port in Iran, along with the construction of the railway line connecting it with Afghanistan, a State Department spokesperson said.
Oil prices drop over two percent on Iran sanctions waivers
Wed, Nov 07, 2018
prices fell on Tuesday, with U.S. crude futures sliding to an eight-month low, a day after Washington granted sanction waivers to top buyers of Iranian oil and as Iran said it had so far been able to sell as much oil as it needs to sell.
Saudi, Russian oil output unable to compensate for Iranian crude: Iran Oil Minister Zanganeh
Mon, Oct 22, 2018
Washington is pushing allies to cut imports of Iranian oil to zero and will impose a new round of sanctions on Iranian oil sales in November.
Rules tweaked even as India set to get strategic Chabahar port in Iran
Mon, Oct 15, 2018
The looming US sanctions on Iran have put the deal for Chabahar port between India and Iran on the fast track. The two countries are working on amending the clause that mandates activation of the deal after receiving funding from India.