WorldOil India is considering 50% Iranian oil cut to win U.S. waiver India may cut Iranian oil imports by 50% to secure a waiver from the U.S. to continue with shipments. Oil holds gain as Iran concerns counter bearish U.S. rigs report Oil held gains above $67/bbl after Iran said the OPEC nation has no intention of holding talks with the U.S. anytime soon, countering signs American shale output may increase. U.S.-Iran sanctions give China lead in world's top gas field China National Petroleum Corp. is expected to take the lead on a $5-billion project to develop Iran’s share of the world’s biggest gas deposit, taking over from France’s Total SA, which halted operations after U.S. President Donald Trump reimposed sanctions on the Islamic Republic. U.S. forecasts 50%-cut in Iran oil sales, missing goal The Trump administration forecasts that it will persuade countries to cut Iranian oil imports by as much as 1 MMbpd when it reimposes energy sanctions in early November, according to two people familiar with the administration’s efforts to choke off Tehran’s crude sales. Iran's reliance on its own oil tankers grows, even as flows slump It is still nearly three months until U.S. sanctions on Iran’s oil exports snap back into force, but they are already having a big impact on the Persian Gulf country’s trade. U.S. considers oil sanction waivers as new Iran penalties start The Trump administration will consider partial exemptions from oil sanctions against Iran for some countries as a first wave of non-oil penalties against the Islamic Republic go into effect on Tuesday. Iran’s oil-market realities: How buyers are positioning for U.S. sanctions In three months’, U.S. sanctions on Iran could drive the Persian Gulf nation’s exports down toward zero and upend the global oil market. China rejects U.S. request to cut Iranian crude imports The U.S. has been unable to persuade China to cut Iranian oil imports, dealing a blow to Trump’s efforts to isolate the country after his withdrawal from the 2015 nuclear accord. Oil rises as U.S.-Iran tensions counter concern over trade spat Oil rose to $69/bbl as flaring tensions between the U.S. and Iran countered growing concerns that trade protectionism will harm economic growth. Iran warns Trump not to threaten country's oil exports Iran’s president warned his U.S. counterpart Donald Trump not to threaten the Persian Gulf nation’s oil exports and called for improved relations with its neighbors, including arch-rival Saudi Arabia.