Oil prices fall further on oversupply fears

Last Updated: Monday, August 10, 2015, 10:45

US benchmark West Texas Intermediate (WTI) for September delivery was at USD 43.57, down from USD 43.87 on Friday in New York - its lowest close since March 17.

German economy minister due in Iran with business leaders

Last Updated: Sunday, July 19, 2015, 17:48

German Economy Minister Sigmar Gabriel flew to Iran Sunday as the first top Western official to visit the country since world powers and Tehran reached a historic nuclear deal.

Global banks to steer clear of Iran until sanctions finally go

Last Updated: Friday, July 17, 2015, 00:15

International banks and most insurers are likely to steer clear of dealing with Iran for some time, fearing they could face more fines from U.S. regulators despite this week`s nuclear deal between world powers and Tehran.

India to benefit from oil price fall post-Iran deal: Pradhan

Last Updated: Wednesday, July 15, 2015, 14:14

International oil prices will come down with the imminent lifting of sanctions against Iran and benefit India, Petroleum Minister Dharmendra Pradhan said Wednesday.

Iran's oil comeback may be later than sooner, but will still add to glut

Last Updated: Wednesday, July 15, 2015, 11:52

A day after an Iran nuclear deal was finally reached oil prices edge higher as investors recognised it would take time for Tehran to raise output, but the eventual increase in its exports will add fuel to a market already plentifully supplied.

'Iran N-deal may revive long-pending gas pipelines to India'

Last Updated: Tuesday, July 14, 2015, 22:54

The landmark nuclear deal reached between major world powers and Iran will lead to an increase in oil exports from the West Asian nation to India, and may revive the long-pending gas pipeline projects involving the two countries, industry body Ficci said Tuesday.

Oil prices fall as Iran, global powers reach nuclear deal

Last Updated: Tuesday, July 14, 2015, 12:03

Oil prices tumbled on Tuesday as Iran and six global powers reached a nuclear deal that could see an easing of sanctions against Tehran and a gradual increase in its oil exports just as Asian economies showed further signs of weakness.

Oil prices rise as Iran nuclear talks extended

Last Updated: Wednesday, July 1, 2015, 02:25

Oil prices rebounded Tuesday as Iran and six major powers extended a deadline for reaching a nuclear deal that could add Iranian oil to an oversupplied global market.

Oil prices flat awaiting Greece, Iran outcomes

Last Updated: Saturday, June 27, 2015, 04:23

Oil prices traded flat Friday in a market still devoid of strong demand or supply signals but wary of Greece`s cliffhanger debt talks and negotiations about Iran`s nuclear program in Vienna.

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 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 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.