Iran says to offer its crude in stock market to thwart US sanctions - Xinhua | English.news.cn
04 July, 2018, 06:31
Oil prices climbed down from their 3 ½ year high to reach US$73 per barrel, with Brent trading at US$76.96 Tuesday afternoon.
Saudi Arabia's Oil Minister Khalid al-Falih arrives for an OPEC meeting in Vienna, Austria, June 22, 2018.
Crude soared above $75 a barrel in NY for the first time since 2014 on signs global supply outages outweigh OPEC's pledged production rise.
The planned production increase was meant to balance the market as global oil prices have been steadily rising, edging closer to $80 per barrel last month. But Indian banks and insurers have said they would not finance oil transactions with Iran.
WASHINGTON-The Trump administration will consider requests for waivers from economic sanctions against Iran on a "case-by-case" basis, a senior State Department official said Monday, a step back from threats to insist on zero imports by a November 4 deadline.
WITH Saudi Arabia expressing its ability to raise oil production by two million barrels in obedience to pressures from US President Donald Trump, there are fears that Federal Government's 2018 budget just recently signed by President Muhammadu Buhari may be in trouble.
On Saturday, President Trump touted an agreement with Saudi King Salman bin Abdul Aziz to vastly increase oil production in an effort to lower prices.
"Prices [too] high!" he said.
Oil prices climbed on Tuesday after Libya declared force majeure on some of its supplies, although an overall rise in OPEC output and an emerging slowdown in demand held back markets.
Trump's move comes as the world suddenly finds itself dangerously short of meeting rising global demand that's set to hit 100 million barrels per day by the fourth quarter, compared to 98.7 million during the same period previous year. Inventories at Cushing, Oklahoma, fell 2 million barrels last week, according to a separate forecast compiled by Bloomberg.
An International Energy Agency scenario projects oil production falling by around 1.5 million bpd due to the loss of Iranian and Venezuelan oil.
"And I have a very good relationship with the (Saudi) king and with the crown prince of Saudi Arabia and with the others around and they are going to have to put out more oil". "We are also working with oil market participants, including producers and consumers, to ensure market stability".
It's unclear how they survived but the rescuers dropped food through the holes of the cave, hoping the victims would find it. Search teams from China, Japan, Australia and England had also traveled to the area to assist in the rescue operations.
Similarly, George may want to see what James decides before making his pick between the Lakers and Oklahoma City Thunder . When I first typed that, Randle's name was among the young Lakers but his role just changed the most ... to former Laker.
In recent months, Trump has frequently attacked Canadian trade barriers on agriculture with a particular focus on dairy. Our neighbours down south visiting Canada's biggest tourist attraction say this trade war is hurting both countries.
It's the first official summit between the two powers, though they've met twice before on the sidelines of global gatherings. Margaret Brennan pressed him on the specifics of what Trump wants out of Putin.
I'm forced to ask myself, do I still upload my values even when I'm going through my worst moments?" We'll see at the end. Belgium will now face Brazil in the quarters in Kazan on Saturday morning (AEST).
The 33-year-old Ronaldo made most appearances at World Cups and European Championships among all players since his debut in 2004. France and Uruguay wil now face off in the first quaterfinal at 2am this Saturday.
As a cricketer you look for new challenges every now and then and that's something that I wanted to go and experience. They said it is a great setup to be a part of. "At the start of any tour, we are as excited as the opposition".
Fox News notes that Old Glory is the company that is selling the clothing with " Impeach 45 " emblazoned across the front. Walmart has been targeted before by angry shoppers after controversial items have appeared on the platform.
The much-anticipated Playground mode for Fortnite: Battle Royale went live late Monday, after a brief period in limbo . The Playground Mode will give players the chance to explore the island without worrying about being eliminated early.
Republicans control the chamber by only a slim majority, making the views of moderates, including some Democrats, important. Schumer's column appeared a day after Sen. "I interviewed and met with four potential justices of our great Supreme Court".
Tina Turner's son, Craig Turner, dies at 59
A spokesperson for the Los Angeles County Coroner's office confirmed the news of his death to Entertainment Tonight . Clockwise from bottom left: Michael Turner (Son of Ike & Lorraine Taylor), Ike Turner , Jr.
Producer, musician Richard Swift of The Shins dead at age 41
In 2011 he joined The Shins for five years, as well as touring with The Black Keys and Dan Auerbach's side project The Arcs . Nevertheless, we send out our condolences to Swift's friends, family, fans, and former bandmates in this hard time.
How to Watch Colombia vs England
The vibrant Colombia fans belted out their national anthem and bounced in unison, swinging scarves above their heads. Earlier, England looked to be headed through to the quarterfinals only for Colombia to level in added time .
Toronto and Metrolinx issue heat warnings
According to current figures, the heat may persist until the middle of next week, as a special metpredprijatija. Lows in the 20s continue to provide "little or no relief from the heat", the agency said.
Galaxy Tab S4 render leak: looks familiar
If this leak is anything to go by, the tablet will have fairly thin bezels but will not follow the trend of edge-to-edge screens. The back of the Samsung Galaxy Tab S4 resembles its predecessor as it comes with a similar design and a single rear camera.
Roger Federer reacts to Andy Murray withdrawal
While Murray looked good at times, he said on Sunday that he wasn't ready to compete in a Grand Slam event. He's reached at least the quarterfinals in each of his past 10 appearances at the All England Club.
Orders of LeBron James Lakers jerseys spike
McGee, 30, was a reserve on the Golden State Warriors' NBA championship teams the past two seasons. Smith (h/t Lakers Nation ) recently reported that the Lakers said that Kuzma is "off-limits".