Iran boosts iron exports to China, India as oil sales slump

NEW DELHI/LONDON: Iran is raising its exports of iron ore and iron products to China and India in an attempt to replace at least a small part of the massive revenue that has been lost due to sanctions on its oil sales.

Iran oil exports down 40% in 9 months: Minister Story Comments

TEHRAN: Iran's oil exports have been slashed 40 per cent in the past nine months because of tough Western sanctions, Oil Minister Rostam Qasemi was quoted as saying on Monday, in a reversal of his previous denials of any decline at all.

Asian buyers to deepen Iranian crude import cuts in 2013

BEIJING/SINGAPORE: Asian buyers of Iranian crude will deepen import cuts in 2013 and struggle to send cash to Tehran to pay for oil as tightening Western sanctions choke the flow of hard currency to Iran's coffers.

Oil slips on more signs of slowing economy

NEW YORK (Reuters) - Oil prices edged lower on Monday as weak manufacturing data from the United States, Europe and China reinforced concerns about slowing economic growth and its threat to demand for petroleum.

Oil sanctions on Iran loom despite talks

NEW YORK (CNNMoney) -- The latest round of talks over Iran's nuclear program are set to begin Monday in Moscow, but analysts are not expecting a breakthrough that would avoid sanctions in coming weeks.

Iran warns Gulf countries not to replace its oil: Mohammad Ali Khatibi

TEHRAN: Iran warned its Arab neighbours on Sunday not to raise crude output to replace Iranian oil in the event of an embargo by the European Union, Tehran's OPEC Governor Mohammad Ali Khatibi was quoted as saying.

Oil price above $101 as consumer confidence rises

NEW YORK (AP) – The price of crude oil climbed above $101 a barrel in light holiday trading on growing U.S. consumer confidence and tension in the Middle East.Benchmark crude rose $1.66 on Tuesday to end at $101.34 per barrel in New York.