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.

Iraq Opens Offshore Oil Facility to Boost Export Capacity

Iraq, seeking to maximize crude oil exports, opened the first of four planned offshore mooring facilities in the Persian Gulf and intends by March to add 200,000 barrels a day to its capacity for loading tankers there.

Oil hovers at $100 ahead of key US jobs report

SINGAPORE (AP) — Oil prices hovered above $100 a barrel Friday in Asia as traders awaited a U.S. jobs report for evidence about the strength of the U.S. economy and demand for crude.