Oil prices climb on stronger demand, uncertainty over Iran deal

Last Updated: Wednesday, June 24, 2015, 08:26

Oil prices rose in Asian trade on Wednesday on hopes for stronger than expected US crude demand, while doubts over reaching an agreement next week over Iran`s nuclear programme eased oversupply concerns.

Oil prices down with eyes on Greece, Iran talks

Last Updated: Monday, June 22, 2015, 09:03

US benchmark West Texas Intermediate for July delivery fell 10 cents to $59.51 while Brent crude for August eased 13 cents to $62.89 in late-morning trade.

OPEC agrees to keep pumping as oil glut fears persist

Last Updated: Friday, June 5, 2015, 19:13

Oil group OPEC agreed to stick by its policy of unconstrained output for another six months on Friday, setting aside warnings of a second lurch lower in prices as some members such as Iran look to ramp up exports.

Iran raises gas prices by 40% in subsidy cut: Report

Last Updated: Monday, May 25, 2015, 18:19

Iran will raise gasoline prices by some 40 percent, the country's official news agency reported, the latest cut to the Islamic Republic's fuel subsidies that cost it some USD 32 billion a year.

Iran asks India to lower prices of rail tracks

Last Updated: Wednesday, May 20, 2015, 19:43

Emboldened by prospects of West lifting years of sanctions, Iran has asked India to lower prices of rail tracks it had offered to supply in a tender.

Iran acting tough on ONGC over development of gas field

Last Updated: Monday, May 11, 2015, 18:04

Indian firms have so far shied away from investing in Iran for the fear of being sanctioned by the US and Europe.

Ficci hails India, Iran pact on development of Chabahar Port

Last Updated: Friday, May 8, 2015, 19:58

The development of Chabahar Port in Iran would help India to get sea-land access route to Afghanistan besides reducing transportation costs of domestic traders, industry body Ficci said on Friday.

India plans to set up urea plant in Iran: Govt

Last Updated: Friday, April 24, 2015, 15:23

Government plans to set up a urea plant in Iran to ensure long term availability of the fertilizer here, Chemicals and Fertilizers Minister Ananth Kumar said on Friday.

Iran keen to increase tea, medicine imports from India: Kher

Last Updated: Tuesday, April 14, 2015, 17:16

During the recent visit of Commerce Secretary Rajeev Kher to Tehran, both the sides deliberated on ways to enhance trade in the two commodities.

Iran proposes free trade agreement with India: Kher

Last Updated: Friday, April 10, 2015, 16:06

Expecting the removal of trade sanctions imposed on it by western nations, Iran has proposed a free trade agreement with India to boost bilateral trade and investment.

Oil prices down in Asian trade

Last Updated: Tuesday, April 7, 2015, 09:30

Oil prices fell on profit-taking in Asia Tuesday after rallying in the previous session owing to doubts the nuclear agreement between Iran and global powers will immediately boost Tehran`s crude exports, analysts said.

Oil jumps 5 percent on tempered Iran view, slower US inventory rise

Last Updated: Tuesday, April 7, 2015, 02:15

Oil prices jumped more than 5 percent on Monday as traders reassessed how quickly Iran might increase exports after a preliminary nuclear deal and anticipated that a months-long rise in U.S. crude inventories may be slowing.