Iran To Cut Oil Supplies

• 

  Trump Administration Split Amid India, China Resistance To Iran Sanctions

  Shortly after US President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them to cut oil purchases from the Islamic Republic to zero. The strategy is meant to cripple Iran's oil-dependent economy and force Tehran to quash not only its nuclea...

• 

  Iran Replaces Saudi Arabia As 2nd Largest Oil Supplier To India

  Iran was the second-biggest oil supplier to Indian state refiners between April and June, India's oil minister Dharmendra Pradhan said today, replacing Saudi Arabia as companies took advantage of steeper discounts offered by Tehran.

• 

  India Will Lose "All Other Privileges" If It Cuts Oil Imports, Warns Iran

  Iran on Tuesday criticised India for not fulfilling its promise of making investments in expansion of the strategically located Chabahar port and said New Delhi will stand to lose "special privileges" if it cuts import of Iranian oil.

• 

  "Have Plan B, Plan C, Plan D": Indian Oil Amid Trump Pressure On Iran

  One of Irans biggest oil buyers said it has enough alternative sources of crude to replace any supplies cut off by U.S. sanctions on the Persian Gulf state -- even if shipments stop completely.

• 

  OPEC Ready To Reach 'Forceful' Deal On Cutting Oil Output

  OPEC agreed in Algeria on Sept. 28 to limit supply, with special conditions given to Libya, Nigeria and Iran, whose output has been hit by wars and sanctions.

• 

  Oil Prices Climb After Industry Data Shows US Stocks Draw

  Crude futures fell about 3 percent on Tuesday after Iran rejected an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find a compromise this week to help ease a global glut of crude.

• MRPL skips Iran, buys crude from elsewhere

  India's MRPL has bought sour crudes from alternative sources to Iran as Western measures against Tehran have forced a cut in those supplies, something that could strengthen New Delhi's case for a renewed waiver from U.S. sanctions.

• Iran says may cut oil to more European countries

  Tehran is considering extending an oil embargo on France and Britain to other European countries, a semi-official Iranian news agency reported on Monday.

• EU shrugs off Iran threat to cut oil to more EU nations

  The European Union today shrugged off Iran's threat to cut oil to "hostile" EU nations, saying the bloc was capable of coping with any halt in supplies.

• Oil jumps to 9-month high after Iran cuts supply

  Oil prices jumped to a nine-month high above $105 a barrel on Monday after Iran said it halted crude exports

• Oil jumps to 9-month high after Iran cuts supply to Britain, France

  Iran's oil ministry has stopped crude shipments to British and French companies.

• Iran halts oil sales to France, Britain

  Iran has halted its limited oil sales to France and Britain in retaliation for a phased EU ban on Iranian oil.

• Oil near month-high of $102 a barrel

  Crude oil prices rose near month-high after Iran said it was cutting supplies to six European nations.

• Iran to 'revise' oil sales to six EU countries: report

  Iran said today it would "revise" its oil sales to six EU countries in retaliation for a staggered EU ban on its petroleum exports, the website of state broadcaster IRIB reported.

• Oil at 1 month high; near $102 on halt of Iran crude exports

  Oil rose to near $102 a barrel after Iran announced it would stop crude exports to 6 European countries.