Serica ‘fully-committed’ to buying BP field co-owned by Iran
Serica Energy said today that it remains "fully committed" to buying BP's interests in a North Sea field co-owned by Iran.
Iran
France’s Total seeks to expand Cypriot gas plan as it eyes Iran exit
French energy company Total said it is looking to expand its search for natural gas off Cyprus' south coast and seeks to secure another exploratory drilling licence, days after warning it could exit Iran over renewed US sanctions there.
Brent rises to $80 for first time since 2014
Oil rose to $80 a barrel in London for the first time since 2014 as U.S. crude inventories fell and traders braced for the impact of renewed sanctions on OPEC member Iran.
UK consortium signs agreement with Iran to develop oil field
Iran has signed an agreement with a British consortium to develop an oil field in the country's south, according to state TV.
Total threatens to pull out of Iran deal over US sanctions
Total has threatened to pull out of its major South Pars deal in Iran if it cannot secure an exemption from US sanctions on the country.
Push to save nuclear deal off to a good start, say Europe and Iran
Major European powers and Tehran have committed to keep working together to save the Iran nuclear deal despite US president Donald Trump's determination to kill it off.
Opec oil capacity ‘buffer’ to offsetting Iran sanctions, UAE predicts
OPEC has enough spare production capacity to cushion oil markets if the U.S. re-imposes sanctions on Iran, according to United Arab Emirates Energy Minister Suhail Al Mazrouei.
Trump’s Iran move could unravel Opec output deal
The international nuclear agreement with Iran might not be the only deal U.S. President Donald Trump has unraveled.
Oil could breach $80 due to Trump’s Iran sanctions, Aberdeen analysts say
A tough line from the US on imposing sanctions on Iran could see the oil price reach $80 a barrel, according to a pair of leading analysts.
Oil climbs as Israel and Iran clash after Trump’s sanctions move
Oil extended gains above $77 a barrel as a conflict between Israel and Iran ratcheted up, increasing prospects for tighter global supply after the U.S. renewed sanctions on OPEC’s third-largest producer.
Updated: Serica shares slide as Trump’s Iran move casts doubt on North Sea field’s future
Shares in Serica Energy nosedived after the firm said it was "evaluating the implications" of Donald Trump's decision to pull the US out of the Iran nuclear deal.
Oil gains as Iran crude buyers get US ultimatum to cut imports
Oil rebounded to trade at the highest level since 2014 as investors focused on how buyers of Iranian crude will react to U.S. sanctions aimed at cutting exports from OPEC’s third-largest producer.
Oil wobbles near $70 as Trump keeps world guessing on Iran deal
Oil retreated from the highest level since 2014 as investors weighed competing views on whether the U.S. will reimpose sanctions on OPEC producer Iran and the potential consequences of such a decision.
Iran opposes higher oil prices, signalling divide with Saudi Arabia
ran, faced with a possible restoration of U.S. sanctions, came out against higher oil prices, signaling a split with fellow OPEC member Saudi Arabia, which is showing a willingness to keep tightening crude markets.
Oil set for weekly gain as Iran gibes U.S. before Trump decision
Oil headed for a weekly gain as Iran called for the U.S. to comply with commitments it made under a 2015 nuclear deal that lifted punishing sanctions on OPEC’s third-largest producer.
Oil holds drop on bearish stockpiles report before Iran decision
Oil held losses as a bearish U.S. crude inventory report weighed on prices while uncertainty loomed over the fate of the Iranian nuclear deal.
Trump threat to axe `insane’ Iran deal Is scaring off oil traders
Some oil traders are already steering clear of doing business with Iran as U.S. President Donald Trump signals he’ll ditch the nuclear deal with OPEC’s third-largest producer.
Earthquake strikes near Iran nuclear power station
An earthquake of at least magnitude 5.5 struck southern Iran near the country’s only nuclear power plant on Thursday morning, shaking countries across the Persian Gulf.
What’s at stake for oil as Trump appoints another Iran hawk?
When former United Nations ambassador John Bolton becomes U.S. national security adviser next month, he will cast even more doubt on the nuclear deal between Iran and major world powers, with potentially significant consequences for the oil market.
China to send robot submarine down to sunken oil tanker
Preparations are under way to send a robot submarine to explore a sunken Iranian oil tanker where all 32 crew members are believed to have died, Chinese officials said.
Oil spill on fire off China seen damaging less than Exxon Valdez
Authorities were trying to assess the environmental impact of oil that’s on fire in the East China Sea after an Iranian tanker sank and caused a spill that covered about 4 square miles.
Iran says OPEC doesn’t like oil over $60 as it nears $70
A key OPEC minister has warned that the group risks overheating the oil market as crude prices head toward $70 a barrel.
Dozens of crew members missing after oil tanker collides with freighter
An Iranian oil tanker has collided with a bulk freighter and caught fire off China's eastern coast, leaving its entire crew of 32 missing, most of them Iranians, authorities said.
Nine reported killed in Iran as court chief warns of death penalty
Overnight clashes between protesters and security forces in Iran killed nine people, state television reported on Tuesday, including some rioters who tried to storm a police station to steal weapons.
Chinese step in if Total exits Iran, report says
China’s CNPC is ready to step in if Total decides to exit its Iranian projects to comply with US sanctions, a news report said.