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Oil prices jump over 2% after US abandons Iran nuclear deal, plans "highest level" sanctions
Wed, May 09, 2018
Iran re-emerged as a major oil exporter in 2016 after international sanctions against it were lifted in return for curbs on its nuclear programme, with its April exports standing above 2.6 million barrels per day (bpd). That made Iran the third biggest exporter of crude within the Organization of the Petroleum Exporting Countries (OPEC), behind Saudi Arabia and Iraq.
US exit from 2015 Iran nuclear accord puts pressure on European planemakers
Wed, May 09, 2018
Tehran has ordered 200 passenger aircraft for state carrier IranAir worth $38.3 billion at list prices, including 100 from Europe`s Airbus, 80 from U.S. rival Boeing and 20 from smaller Franco-Italian turboprop maker ATR. Airbus is more exposed on wide-body jets, for which sluggish global demand forced it last month to revise down part of its production plans. Iran has ordered 53 wide-body jets from Airbus and 30 from Boeing, which are yet to be built.
Iran hit by global cyber attack that left US flag on screens
Sun, Apr 08, 2018
"The attack apparently affected 200,000 router switches across the world in a widespread attack, including 3,500 switches in our country," the Communication and Information Technology Ministry said in a statement carried by Iran`s official news agency IRNA. The statement said the attack, which hit internet service providers and cut off web access for subscribers, was made possible by a vulnerability in routers from Cisco which had earlier issued a warning and provided a patch that some firms had failed to install over the Iranian new year holiday
35 delegates taking part in Odisha MSME Trade Fair
Tue, Mar 06, 2018
Naveen Patnaik inaugurated the fair yesterday where more than 350 stalls with six pavilions belonging to various international organisations, 30 start-ups, industry associations, exporters, state PSUs and other central government organisations have been put up
OVL drops plan to build LNG export facility in Iran
Sun, Feb 25, 2018
ONGC Videsh Ltd has shelved plans to build a USD 5 billion LNG export facility in Iran and has instead opted to only invest in developing a giant gas field in the Persian Gulf, for which a revised cost is being worked out, an official said. OVL, the overseas arm of state-owned Oil and Natural Gas
Do not test Israel, Benjamin Netanyahu tells Iran, brandishing drone piece
Sun, Feb 18, 2018
Israeli Prime Minister Benjamin Netanyahu warned Tehran over aggressions by what he called Iran and its "proxies" in Syria, while showing what he claimed was a piece of an Iranian drone shot down in Israeli airspace.
India, Iran ink pact on double taxation avoidance
Sat, Feb 17, 2018
The Iranian side expressed its readiness to enhance enabling environment to attract Indian private/public sector investments, in Chabahar FTZ, the statement said.
Qatar signs $12 billion deal to buy F-15 jets from US
Thu, Jun 15, 2017
Qatar`s Ministry of Defense said on Wednesday the country signed a deal to buy F-15 fighter jets from the United States for $12 billion. The deal was completed despite the Gulf country being criticized recently by U.S. President Donald Trump for supporting terrorism.
Qatar Diplomatic Crisis: Will it affect India's energy needs?
Wed, Jun 07, 2017
About nine countries from Middle East have severed their ties with Qatar for its alleged support to terrorism and following the diplomatic crisis in the country which is the world's largest Liquefied Natural Gas (LNG) exporter, it is going to hurt its business ties with the rest of world including India.
Iran leapfrogs Iraq to become India's second largest oil supplier
Mon, Mar 13, 2017
In the first 11 months of this fiscal year, between April and February, India imported about 542,400 bpd from Iran
Indian Oil expects crude processing to edge up in 2017-18 despite maintenance work at some plants
Tue, Feb 07, 2017
Indian Oil Corporation has said that its crude processing for 2017-18 will inched up despite planned maintenance at some plants.
Twitter CEO Jack Dorsey, staff donate $1.5 million to fight Donald Trump's visa ban
Fri, Feb 03, 2017
Twitter's chief executive officer Jack Dorsey and its about 1,000 staff have donated over $1.5 million to a leading rights group that has pledged to fight President Donald Trump's temporary ban on refugees and immigrants from seven Muslim-majority countries.
Microsoft seeks exemption for workers, students from travel ban
Fri, Feb 03, 2017
US IT giant Microsoft has made a formal plea to US President Donald Trump seeking an exemption for workers and students from the temporary immigration ban.
#DeleteUber trends in US as anger against Trump's refugee ban mounts
Sun, Jan 29, 2017
Social media started flooding with tweets #DeleteUber as many reported to delete the app on believing that the company was siding with the President Donald Trump’s ban on Muslims entering the country.
Qatar Airways, Etihad to enforce Trump travel ban
Sun, Jan 29, 2017
Qatar Airways and Etihad Airways said today they would enforce the new rules governing entry to the United States following President Donald Trump's temporary order restricting arrivals from seven Muslim countries.
Indians in the US too bear brunt of Donald Trump's immigration ban
Sat, Jan 28, 2017
Banning Muslims from seven countries even if they held a 'green card' to enter the United States of America, US President Donald Trump has put in jeopardy many Indians who live and work in North America -- many of them on H1-B visas.
OPEC oil output inches down after November deal
Wed, Jan 18, 2017
OPEC oil production fell in December but remains well above levels envisaged under a recent deal due to take effect from January, the cartel`s new monthly report showed on Wednesday.
India's 2016 Iran oil imports hit record-high trade
Fri, Jan 13, 2017
India`s annual oil imports from Iran surged to a record high in 2016 as some refiners resumed purchases after the lifting of sanctions against Tehran, according to ship tracking data and a report compiled by Thomson Reuters Oil Research and Forecasts.
Iran capitalises on OPEC oil cut to sell millions of barrels: Sources
Fri, Jan 06, 2017
Iran has sold more than 13 million barrels of oil that it had long held on tankers at sea, capitalising on an OPEC output cut deal from which it is exempted to regain market share and court new buyers, according to industry sources and data.
OPEC oil output falls from record high ahead of planned cuts: Reuters survey
Thu, Jan 05, 2017
OPEC`s oil output in December fell from a record high ahead of a deal to cut production, a Reuters survey found on Thursday, helped by attacks on Nigeria`s oil industry and top exporter Saudi Arabia trimming exports.