Thursday 13 December 2018
 
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Iran

Opec, allies reach deal to cut oil production by 1.2m bpd

The 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

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Oil plunges to new three-year low as glut fears grow

Oil 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.

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US set to reimpose sanctions on Iran

The 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

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No impact on UAE from Iran quake: report

A 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

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Saudi Arabia rejects Iran charge on parade attack

Saudi 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

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Total officially quits Iran project: report

French 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

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Total officially quits Iran project: report

French 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

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Trump reimposes sanctions on Iran

US 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

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Trump reimposes sanctions on Iran

US 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

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KLM to suspend flights to Tehran

Dutch 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

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