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.
U.S. President Donald Trump said on Monday that Saudi Arabia and other OPEC nations could “more than make up” for any drop in Iranian oil supplies to global markets now that his administration has decided to end waivers that allowed some nations to buy Iranian oil without facing U.S. sanctions.
Oilfield service provider Halliburton Co said on Monday it expects international offshore spending to rise 14 percent in 2019, double the estimates given by sector leader Schlumberger NV for international markets overall.
Secretary of State Mike Pompeo said on Monday the United States is not extending any waivers exempting importers of Iranian oil from U.S. sanctions and there will be no grace period for those economies to comply.
Kraft Heinz Co said on Monday it appointed Anheuser-Busch InBev executive Miguel Patricio as Chief Executive Officer, replacing Bernardo Hees.
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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.
Halliburton Co said on Monday a pricing downturn that has plagued the oilfield services sector was bottoming out, as it reported modestly higher activity levels in North America in the first quarter from a year earlier.
U.S. stock index futures dipped on Monday as investors returned from their Easter break and took a cautious stance at the beginning of what is expected to be the busiest week of the first-quarter earnings season.
Halliburton Co on Monday called the bottom of a pricing downturn that has plagued oilfield services companies and surprised on expectations saying first-quarter activity levels in North America were modestly higher from a year earlier.
Tesla Inc will focus on its autonomous driving system when it hosts its investor day on Monday.
Nissan Motor Co Ltd will reject a management integration proposal from French partner Renault SA and will call for an equal capital relationship, Nikkei said on Monday, citing sources.
Bed Bath & Beyond Inc said it appointed five new independent members to its board, replacing some directors including co-founders Warren Eisenberg and Leonard Feinstein, after facing pressure from a trio of activist investors to refresh its board. Shares of the New Jersey-based company rose about 2 percent before the bell.
The United States will fail to cut Iranian oil exports to zero, as Iran is ready for any U.S. decision to end waivers granted to buyers of Iranian crude, the semi-official Tasnim news agency on Monday quoted an unnamed Iranian oil ministry source as saying.
India hopes the U.S. will allow its allies to continue to buy some Iranian oil instead of halting the purchases altogether from May, a source familiar with U.S.-India talks said on Monday.
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