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Tag Archives: Iran sanctions

Iran nuclear deal is done, but not the debate in Congress

WASHINGTON — It’s a done deal, yet opponents of the Iran nuclear agreement won’t go quietly. The 60-day congressional review period has expired, and last week the State Department outlined its plan to put in place an accord that aims to prevent Iran from acquiring nuclear weapons. Congress is poised to start cranking out legislation to reinstate sanctions or shore ...

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Interview – S.African oil firms to meet Iranians to discuss crude imports

JOHANNESBURG – South African oil companies will meet Iranian officials in October to discuss the resumption of crude imports, the deputy energy minister said on Thursday. International sanctions on Iran could start to be lifted as early as spring next year as Tehran and the West rebuild their ties and potentially open up billions of dollars of trade deals. Iran ...

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Foreign firms scramble to fix Iran’s refineries once sanctions end

LONDON – International oil services companies are scrambling to win contracts worth tens of billions to repair and modernize Iran’s oil refineries once sanctions are removed, with officials even laying on bus tours for visiting foreign executives. Officials from Iran’s oil refining company NIORDC, its National Petrochemical Company and the privately owned Persian Oil and Gas are holding talks with ...

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Oil prices around $60 as demand balances glut

LONDON – Crude oil prices steadied on Thursday as strong demand for oil products helped to balance a global overhang of crude oil for immediate delivery. North Sea Brent crude oil traded within a fairly narrow range as investors eyed a weak physical crude market in the Atlantic basin amid reports of stronger demand for gasoline and diesel in the ...

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Prospect of nuclear deal is already weighing on oil prices: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Lifting sanctions on Iran’s oil industry could significantly change the outlook for oil supply and prices, the head of the U.S. Energy Information Administration told U.S. legislators. “If and when sanctions are lifted, EIA’s baseline forecast for world crude oil prices in 2016 could be ...

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