Iran OPEC chief: 'Saudi and Russia are taking oil market hostage'
21 September, 2018, 18:01
According to reports, Iran's crude exports are already falling as the USA prepares to curb Tehran's ability to sell oil and participate in global financial markets.
Iranian crude oil exports continue to decline.
U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports on Monday, a senior administration official toldReuters.
He did not specify how crude producers would compensate for declining exports from Iran, with new U.S. sanctions due to hit the Islamic republic´s oil industry on November 4.
Beijing on Tuesday quickly added US$60 billion of USA products to its import tariff list in retaliation for President Donald Trump's planned levies on US$200 billion worth of Chinese goods.
The Organization of the Petroleum Exporting Countries and other producers including Russian Federation meet on September 23 in Algeria to discuss how to allocate supply increases within their quota framework to offset the loss of Iranian supply.
The barrel of West Texas Intermediate marched higher toward the $70 mark during the first half of the day but reversed its course in the NA session as the latest trade headlines raised concerns over the potential negative impact of the U.S. - China trade conflict on the world oil demand.
"The growing trade dispute has hurt trading sentiment".
On Monday, Russia'sEnergy Minister Alexander Novaksaid that OPEC and non-OPEC members would discuss all possible supply scenarios when they meet this month in Algeria.
With Iran's crude sales falling due to the US sanctions and countries such as Venezuela struggling to avoid outright economic collapse, it was perhaps inevitable that Mohammad Barkindo, secretary general for the Organization of the Petroleum Exporting Countries (OPEC), would tell Reuters that his cartel will keep working with other oil producers to manage global supplies in the face of demand for crude facing "headwinds".
Also weighing on oil prices, US drillers added two oil rigs in the week to December 1, bringing the total count up to 749, the highest since September, General Electric Co's Baker Hughes energy services firm said on Friday.
Reuters previously reported that Saudi Arabia wants oil to stay between $70 and $80 a barrel for now, as the world's biggest crude exporter strikes a balance between maximizing revenue and keeping a lid on prices until USA congressional elections.
Washington's withdrawal from the landmark Iran nuclear deal was criticised across the world.
Organic yogurts fare second worst, with 13.1g of sugar per 100g, and natural or Greek yogurts are best with 5g of sugar per 100g. One Yoplait yogurt, marketed with Disney's popular Frozen characters on it, contains 13 grams of sugar in a 113 gram serving.
His arrest sparked riots by demonstrators demanding his release and security forces violently put down protests in the capital. The singer has a big following among the poor and unemployed in urban areas.
Backed by 3060 mAh of battery life, the Nokia 5.1 Plus runs stock Android Oreo as it is a part of Google' Android One initiative. Connectivity options include 4G LTE, Wi-Fi, Bluetooth 4.2, GPS, 3.5mm audio jack, and a USB Type-C port.
It is still unknown whether the suspect has been captured or killed , but law enforcement says the situation is " secure ". A law enforcement source told Reuters that the shooting was believed to have been sparked by a work-related grievance.
He completed his first two passes - a 14-yard pass to Jarvis Landry and a 17-yarder to David Njoku - to move the Browns downfield. Mayfield did just that, leading the Browns on a field goal drive in the final two minutes of the half.
Kelly Ayotte of New Hampshire come in to do the questioning since there are no Republican women on the Judiciary Comittee. They say the White House counsel directed the FBI to investigate when Hill accused Thomas of sexual harassment.
Russian member of parliament Franz Klintsevich said earlier the sanctions would not affect the S-400 and SU-35 deals. The sanctions are expected to heighten tensions between the USA and China, which are now engaged in a trade war.
Two days later, she has been sent away from Austria with a similarly blunt response: change the Chequers plan or it's no-deal. In practice, to allow for parliamentary ratification, that means a deal must be struck in the next couple of months.
As for Salt Bae's meeting with Maduro , he has since deleted all his social media posts that included the Venezuelan president. Gokce thanked Maduro for visiting the restaurant in at least two tweets on Monday, according to Bloomberg .
Juve defender Leonardo Bonucci added: "Ronaldo was quite angry, unfortunately the referee did not see the situation very well". AFP Sport understands, however, that an extension to the one-match ban is unlikely.
The confidence can come only with goals . "Alvaro has to gain confidence with one, two, three goals", Sarri added. Ever Banega and Wissam Ben Yedder netted two goals each to help Sevilla thump Standard Liege in Spain .
3 children, 2 adults stabbed at unlicensed day care
It is not clear how old the three infants were, but one of them is in critical condition according to police. Police said the suspect was in custody and taken to a local hospital after trying to kill herself.
This is the iPhone XS queue in Singapore
Theoretically Apple is offering the XR at a cheaper price, but I don't think they have lowered their profit margins because of it. Notably, these values are higher than previous iPhone releases, such as last year's iPhone X, which boasted 3 GB of RAM .
Mkhitaryan aiming for glory with Europa specialist Emery
But the visiting side from Ukraine pulled two late goals back to leave Emery's team without a single clean sheet this season. The 29-year-old started the game on the bench but came on in the second half in place of Pierre-Emerick Aubameyang.
Man arrested in DC stabbing of woman from Greenacres
Some patrons ran out of the restaurant in search of the attacker while others tried to save Martinez's life, Fox 5 DC reported . Martinez served as Chief of Staff of FiscalNote , a privately held software, data and media company headquartered in D.C.
Apple killing the iPhone SE was a big mistake
The information comes from Digitimes , a sometimes-accurate source of information on the supply side of consumer electronics. Apple also debuted the "affordable" iPhone XR, which starts at $749 and sports a 6.1-inch "liquid retina" display.
Houston Rockets: How realistic is a Jimmy Butler trade?
The team is reportedly looking to part ways with Noah before training camp opens next week , either through a trade or buyout. He has requested a trade away from Minnesota following a meeting with team president and head coach Tom Thibodeau .
Christine Blasey Ford May Testify Next Week After All
Ford's lawyers said on Tuesday she would testify before the committee only if the FBI first investigated her allegation. Chuck Grassley (R-Iowa) to testify Monday. "I will be there", he wrote Grassley in a letter .
Coke eyes cannabis-infused drink market
Coca-Cola has been engaged in talks with Canadian marijuana producer Aurora Cannabis to develop the beverages, Bloomberg said. For example, Heineken's craft beer Lagunitas recently launched Hi-Fi Hops, a beer-flavoured sparkling water with THC and CBD.