Search Results for: Iran
Iranian Miniskirts, Bags of Cash Raise Doubts Over Controls at HSBC
March 30th, 2016
Monitor finds lapses in bank’s efforts to prevent money laundering and evasion of sanctions following 2012 settlement with Justice Department The monitor overseeing HSBC’s compliance with a landmark anti-money-laundering settlement has uncovered a range of potential lapses including loans ...
Iran Said to Attend Doha Talks Without Joining Oil Freeze
March 30th, 2016
All OPEC members except Libya now scheduled to attend talks Russia will join meeting while Argentina, Brazil declined Iran will attend talks with fellow OPEC members and Russia in Qatar next month without joining their proposal to freeze crude ...
OPEC expects upsurge in oil prices with or without Iran
March 23rd, 2016
Crude prices will rise to a “moderate level” even if Iran joins the Russian-Saudi production freeze at a later date, predicts the Organization of the Petroleum Exporting Countries (OPEC). The world’s leading oil producers, including non-OPEC members, are meeting ...
OPEC Production Declines Despite Iran’s Efforts
March 16th, 2016
The OPEC Monthly Oil Market Report just came out. The charts are “Crude Only”production and do not reflect condensate production. Also the charts, except for Libya, are not zero based. I chose to amplify the change rather than the total. OPEC is ...
U.S. punishes Chinese tech giant over alleged plan to dodge Iran sanctions
March 8th, 2016
The U.S. government is cracking down on a major Chinese telecom equipment maker over an alleged scheme to dodge sanctions on Iran. The plan by ZTE (ZTCOF) involved setting up several shell companies “to illicitly re-export controlled items to Iran in violation ...
Iran Oil Lands in Europe for First Time Since Sanctions End
March 7th, 2016
Spanish refiner Cepsa offloads first tanker with Iranian crude France and Romania await cargoes as Iran slowly ramps-up sales The Monte Toledo oil tanker covered the uneventful voyage from Iran to Europe with a haul of 1 million barrels ...
The Central Bank of the I.R. of Iran announced that SWIFT completes the on-boarding process for Iranian banks
February 18th, 2016
Following the historic event of implementation of Joint Comprehensive Plan of Action (JCPOA) agreed by the 5+1 countries on January 16th 2016, the Central Bank of the I.R. of Iran started the plan of SWIFT rejoining process for all Iranian ...
Iran oil minister: Support any effort to stabilize market and prices
February 18th, 2016
Iran could support any effort to stabilize oil prices, including cooperation between OPEC and non-OPEC oil producers, the nation’s oil minister said after a meeting Wednesday, according to Reuters. Oil Minister Bijan Zanganeh said while he supports a production ...
Brent crude and WTI: Oil prices waver as Iran casts doubt on production cut deal
February 17th, 2016
Oil prices wavered this morning, dipping in and out of the red, as speculation swirled around oil markets over whether a deal between Saudi Arabia and Russia to freeze output at January levels would lead to a broader production ...
Oil price rises ahead of OPEC talks with Iran
February 17th, 2016
Oil prices were higher on Wednesday morning as OPEC oil ministers traveled to Iran to talk about a possible production freeze between global oil producers. Skepticism has mounted over the possible freeze mooted Tuesday and Iran has already voiced ...
