ComMin officials to visit Iran; discuss ways to boost trade

Last Updated: Sunday, April 5, 2015, 11:19

The visit assumes significance as India is one of the largest importers of crude oil and exporters of basmati rice to Iran. Iran has the world's fourth-largest oil reserves.

India to benefit from breakthrough in Iranian Nuke standoff

Last Updated: Friday, April 3, 2015, 22:40

India was paying 45 percent of bills against Iranian oil imports in rupee through a UCO Bank account.

Oil falls nearly 4% after tentative nuclear deal for Iran

Last Updated: Friday, April 3, 2015, 08:37

Traders had been fixated on the talks held in Lausanne, Switzerland for over a week as Iran tried to agree with six world powers on concessions to its nuclear programme to remove U.S.-led sanctions that have halved its oil exports.

Oil prices edge lower as Iran nuclear deadline approaches

Last Updated: Tuesday, March 31, 2015, 10:08

US benchmark West Texas Intermediate fell 69 cents to USD 47.99 while Brent eased 55 cents to USD 55.74 in mid-day trade.

Oil prices drop on weak demand, potential Iran deal

Last Updated: Monday, March 30, 2015, 12:29

Oil prices fell on Monday as traders focused on whether Iran and six world powers would reach a deal that could add fuel to an already oversupplied market if sanctions against Tehran are lifted.

Oil prices fall as Iran, world powers seek nuclear deal

Last Updated: Monday, March 30, 2015, 09:10

Brent crude oil prices fell below $56 a barrel on Monday, extending steep losses from the previous session, as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted.

Oil dives 5 percent as worries about Iran talks trump Yemen

Last Updated: Saturday, March 28, 2015, 01:34

Oil tumbled 5 percent on Friday, erasing the previous session`s gains, as Yemen`s conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more supply on the market.

Schlumberger fined $232.7mn for breaking Iran, Sudan sanctions

Last Updated: Thursday, March 26, 2015, 02:37

French-US oil services giant Schlumberger Ltd. was fined $232.7 million by the Justice Department Wednesday for violating sanctions on Iran and Sudan.

Brent oil falls below $54 on OPEC output, Iran

Last Updated: Friday, March 20, 2015, 17:29

Brent crude oil fell below USD 54 a barrel on Friday and was on track for its third straight weekly loss, hurt by worries of rising supplies from OPEC and the United States.

India revives plans for urea plant in Iran; investing Rs 5K cr

Last Updated: Tuesday, March 10, 2015, 20:06

India has revived its plan to set up a fertiliser plant in Iran with an investment of about Rs 5,000 crore and has asked the Persian gulf nation to offer long term gas contract for manufacturing the soil nutrient.

IOC, ONGC, OIL likely to face US sanctions for Iran ties

Last Updated: Sunday, March 8, 2015, 11:13

State-owned ONGC, IOC and OIL are among the five global companies named by the US administration for having energy ties with Iran, for which they can face sanctions by America.

Iran to help facilitate Google's services in Gulf

Last Updated: Sunday, March 1, 2015, 23:01

Iran said on Sunday that it was ready to cooperate with information technology (IT) companies like Google to facilitate their services in the country and the Persian Gulf region.