Indian exports to Iran may touch $5b in 2013-14


Indian exporters are hoping to increase shipments to Iran this fiscal by more than half to $5 billion as both countries have stepped up efforts to expedite deals to offset part of the oil payment owed to the country.

Iran’s daily exports of oil products stand at 20 million liters


Iran is currently exporting 20 million liters of oil products per day, the Mehr News Agency quoted Deputy Oil Minister Alireza Zeighami as saying on Saturday.

Turkish oil imports from Iran hit 8-month high in April


Turkey has been importing an average of 100,000 bpd between September 2012 and February 2013, and in March increased purchases of Iranian oil to 114,000 bpd, despite U.S. sanctions against Iran's energy sector, data showed on Friday."

US unemployment rate falls to 7.5 percent, a new four-year low


The US unemployment rate dropped to 7.5 percent last month, a new four-year low.

Yuan surge shows China isn't worried about economy


A record high yuan has raised some eyebrows in the financial markets, as investors weigh the negative impact the strong currency would have on the Chinese economy, which lately seems to be hitting some road bumps in its recovery.

Germany wheat exports to Iran remain high despite sanctions


Germany exported 119,653 tons of wheat to Iran in February, figures from the German statistics agency showed, suggesting that Western sanctions against Tehran are not hindering sales.

India may commit to develop Iranian port


India may commit about $ 100 million to develop Chabahar Port in Iran during External Affairs Minister Salman Khurshid’s visit to the Iran despite Washington frowning upon New Delhi’s ties with Tehran.

Iran fuel oil exports up five-fold year on year


Iran exported nearly 8.7 million barrels of fuel oil in April, or about 300,000 barrels per day (bpd), an increase of more than five-fold from a year-ago, according to traders and data from Thomson Reuters Oil Analytics.