Iran scrambles to lift petrochemical sales as sanctions hammer oil

Iran scrambles to lift petrochemical sales as sanctions hammer oil.....»»

Iran has been racing to step up exports of petrochemicals and tap new markets to compensate for sliding oil sales, Iranian and international industry sources said, but now risks losing that crucial revenue as Washington tightens the screw on sanctions......»»

The new sanctions on banks and businesses would be aimed at choking off trade including Iran’s petrochemical sales to Singapore and its consumer-goods sales to Afghanistan......»»

The new sanctions on banks and businesses would be aimed at choking off trade including Iran’s petrochemical sales to Singapore and its consumer-goods sales to Afghanistan......»»

Oil futures climb Friday, poised to recoup losses from a day earlier, but remain are on track for a weekly loss, with pressure tied in part to signs of progress toward a restoration of the Iran nuclear deal that would lift sanctions against Tehran......»»

Oil futures bounce Friday, but are on track for a weekly loss, with pressure tied in part to signs of progress toward a restoration of the Iran nuclear deal that would lift sanctions against Tehran......»»

Oil futures bounce Friday, but are on track for a weekly loss, with pressure tied in part to signs of progress toward a restoration of the Iran nuclear deal that would lift sanctions against Tehran......»»

Oil futures lose ground Thursday, with weakness attributed in part to signs negotiators are making progress toward a deal that would see the U.S. lift sanctions against Iran, returning a large source of supply to the market......»»

US Offers To Lift Sanctions On Iran's Central Bank, Oil & Shipping So far during this month's high stakes Vienna talks the Biden administration has refused to give in to Iranian dema.....»»

The US and Iran are involved in indirect talks in Vienna this week as part of an effort to revive the 2015 nuclear deal. Iranian President Hassan Rouhani called Western Democracy "fragile." Reuters The US is prepared to lift sanct.....»»

Iran Snubs Biden Overture For Nuclear Talks: "LIFT Sanctions, We WILL Respond".....»»

While U.S. sanctions on Iran's oil industry have slashed the OPEC member's crude exports by more than 80%, oil product sales from the Islamic Republic remain strong at nearly $500 million a month, shipping data and Reuters calculations show......»»

While U.S. sanctions on Iran's oil industry have slashed the OPEC member's crude exports by more than 80%, oil product sales from the Islamic Republic remain strong at nearly $500 million a month, shipping data and Reuters calculations show......»»

Iran has condemned new U.S. sanctions targeting its petrochemical industry, saying they prove President Donald Trump is not serious about pursuing negotiations......»»

The Trump administration is hitting Iran with new sanctions that target its largest petrochemical company for providing support to the Revolutionary Guard Corps......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Authored by Eric Zuesse via The Strategic Culture Foundation, On May 13th, Reuters headlined “Iran insists on ramping up oil sales to stay in nuclear pact” and reported that “EU officials … estimate Iran needs to sell 1.5 million bpd.....»»

Iran insists on exporting at least 1.5 million barrels per day (bpd) of oil, triple May's expected levels under U.S. sanctions, as a condition for staying in an international nuclear deal, sources with knowledge of Iran-EU talks said......»»

Iranian Foreign Minister Mohammad Javad Zarif told Russian news agency RIA on Tuesday that Iran was close to an oil sales deal with the European Union, despite the sanctions which have been re-imposed by the United States......»»

China has criticized Washington's decision to tell Beijing and other governments to stop buying Iranian oil or face sanctions......»»