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    Iran cancels $2 billion dam deal with china

    Iran has cancelled a $2 billion contract for a Chinese firm to help build a hydroelectric dam in the country, a move that risks upsetting Beijing, one of Tehran's most important economic and political allies.

    May 31, 2012 11:49
  • Japan's Iran crude imports dive in April

    Japan crude imports from Iran fall 26.1 percent y/y in April

    Japan's crude oil imports from Iran fell 26.1 percent in April from a year earlier to 0.90 million kilolitres (189,137 barrels per day), data from the Ministry of Economy, Trade and Industry (METI) showed on Thursday.

    May 31, 2012 11:47
  • Brent-crude-hovers-at-107

    Brent crude ends lower on euro zone, China worries

    Brent July crude fell $3.21, or 3 percent, to settle at $103.47 a barrel, the lowest settlement since the Dec. 16 close at $103.35. Brent fell to $102.97, its lowest intraday price since Dec. 19, after reaching $106.82.

    May 31, 2012 11:45
  • OPEC-output-hits-new-high

    More candidates emerge for top OPEC post

    OPEC secretary general post comes up in 2013; Ecuador nominates candidate, Iran plans to do so; Tight OPEC meeting agenda gives little time for talks

    May 31, 2012 11:33
  • No offers on oil block 11 in Iraq energy bids-government

    No offers on oil block 11 in Iraq energy bids-government

    No companies put in offers for oil Block 11 in Iraq's new energy bidding round, the oil ministry said on Wednesday.

    May 30, 2012 5:37
  • Asia-Crude-Chinaoil

    Oil falls on Spain, China worries

    Brent on track for biggest monthly loss in 2 yrs; Losses trimmed after European Commission recommendations; Risk aversion grips markets as fears on Spanish banks mount; Hopes fade for China stimulus package; Coming up: API weekly inventory data; 2030 GMT

    May 30, 2012 5:37
  • Brent-crude-ends-lower-on-Spanish-credit-woes

    Brent oil falls to lowest since December

    Brent crude oil futures extended losses on Wednesday, reaching their lowest since December on worries about the future of Spain's banks and dimming prospects of Chinese stimulus measures.

    May 30, 2012 5:25