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Top U.S. officials to hold trade talks in China next week

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WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing for trade talks beginning on April 30, the White House said in a statement on Tuesday. FILE PHOTO: Chinese staffers adjust U.S. and Chinese flags before the opening session of trade negotiations between U.S. and Chinese trade representatives Read More

Tighter U.S. sanctions on Iranian oil will cost Asia but supply will flow

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SINGAPORE (Reuters) – Asian buyers of Iranian crude are well placed to overcome the end of U.S. sanctions waivers as they have demonstrated they can live without it and as global producers have the capacity to make up a shortfall, according to analysts and trade data. FILE PHOTO: A gas flare on an oil production Read More

Japan expects little impact from U.S. scrapping Iran oil waivers

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TOKYO (Reuters) – Japan expects a limited impact from the U.S. decision not to renew waivers previously granted on Iran oil import sanctions, the country’s trade and industry minister said on Tuesday. Japan’s Minister of Trade and Industry Hiroshige Seko arrives at Prime Minister Shinzo Abe’s official residence in Tokyo, Japan, August 3, 2017. REUTERS/Toru Read More

Asian stocks inch up but China falters; oil at 2019 highs

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HONG KONG/TOKYO (Reuters) – Stocks in Asia rose marginally on Tuesday as many markets reopened after the long Easter break, while oil jumped to its highest this year as the United States tightened sanctions on Iran. FILE PHOTO: Visitors are seen as market prices are reflected in a glass window at the Tokyo Stock Exchange Read More

Asian shares steady after Easter weekend; oil hits 2019 highs

2 days ago DieselGasoil Comments Off on Asian shares steady after Easter weekend; oil hits 2019 highs
TOKYO (Reuters) – Asian shares were little changed on Tuesday, hovering not far from nine-month peaks hit last week, with concerns China may slow the pace of policy easing curbing the market’s enthusiasm. FILE PHOTO: Visitors are seen as market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Read More

U.S. to end all waivers on imports of Iranian oil, crude price jumps

3 days ago DieselGasoil Comments Off on U.S. to end all waivers on imports of Iranian oil, crude price jumps
WASHINGTON (Reuters) – The United States on Monday demanded that all buyers of Iranian oil stop purchases by May 1 or face sanctions, a move to choke off Tehran’s oil revenues which sent crude prices to six-month highs on fears of a potential supply crunch. The Trump administration’s move on Monday not to renew exemptions Read More

American drillers surge, Saudi agrees to steady oil supply after Iran waivers cease

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By Javier Blas, Salma El Wardany, Nayla Razzouk, Rachel Adams-Heard and Stephen Cunningham on 4/22/2019 Photo: XTO. LONDON, CAIRO, DUBAI, HOUSTON and WASHINGTON (Bloomberg) – Some of the biggest beneficiaries of sanctions aimed at crippling Iran are oil companies on the other side of the world. Drillers based in places like Texas, Oklahoma and California Read More

BOEM: New OceanReports tool brings ocean data to the masses

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4/22/2019 WASHINGTON, D.C. — A new, web-based interactive tool for ocean mapping and planning created by the Department of the Interior’s Bureau of Ocean Energy Management (BOEM) and the Department of Commerce’s National Oceanic and Atmospheric Administration (NOAA) will give everyone from ocean industries to coastal managers, students, as well as the general public, the Read More

U.S. to end all waivers Iran oil imports, crude price jumps

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WASHINGTON (Reuters) – The United States on Monday said it will eliminate in May all waivers granted to eight economies allowing them to buy Iranian oil without facing U.S. sanctions, as it ratcheted up pressure to choke off all oil revenues of the Islamic Republic. The decision, taken by President Donald Trump, has sent oil Read More

U.S. will not reissue waivers for Iran oil imports – White House

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WASHINGTON (Reuters) – U.S. President Donald Trump has decided to eliminate all waivers issued to eight economies allowing them to buy Iranian oil without facing U.S. sanctions, the White House said on Monday, while vowing to ensure global oil market was well supplied. Secretary of State Mike Pompeo is expected to make an announcement on Read More