US President Donald Trump has signed an executive order rescinding a 25% punitive duty on all imports from India, the White House announced on February 6. The move marks a significant de-escalation in trade tensions t...
BP has announced that along with its regional partner, the Egyptian Natural Gas Holding Co. (EGAS), it has sanctioned a fast-track scheme to develop the deepwater Atoll gas field Phase 1 project in Egypt, reported UPI...
Asian imports of Iranian oil in August rose by 10% from a year ago, said Press TV, adding that China accounted for the lion’s share of this increase of more than 1 m b/d of crude. Iran’s other biggest buyers – India, ...
The European Union has removed two Iranian oil companies from its sanctions list, the first such action since Iran reached a nuclear agreement with world powers earlier this month, a notice from the British finance mi...
Oil settled down for a second straight session on Monday as Iran and six world powers tried to negotiate a deal on Tehran’s nuclear program that could end Western sanctions and allow the OPEC member to ship more...
A senior Iranian nuclear negotiator categorically rejected an AP report on the transfer of Iran’s enriched uranium stockpile to Russia under an imminent deal between Tehran and the six world powers. On Saturday,...