S Korea Suspends Iran Oil Loading under US Pressure

11 Juillet, 2018, 15:38 | Auteur: Auguste Feret
  • Iranian Oil Minister Calls Donald Trump's Order To OPEC Insulting

On Wednesday, Trump said OPEC is "driving oil prices higher", urging the cartel to reduce the price at the soonest. In May, Washington announced it was walking away from an global deal on Iran's nuclear program, and said it would impose fresh sanctions on Iran's energy sector.

This has had traders anxious that the market is in for a shortage, which will cause prices to jump even higher, with some forecasting Brent at over US$100 a barrel.

Hossein Kazempour Ardebili, Iran's ambassador to the OPEC, said the strong rhetoric by Trump against OPEC and oil producers could soon push up crude prices to as high as $100 per barrel.

Iran, OPEC's third-largest producer, is facing United States sanctions on its oil exports that are prompting some buyers to cut purchases.

After pulling out of the Iran Nuclear Deal, the U.S. has asked India to stop importing oil from Iran.

Liverpool open talks with Stoke City over Xherdan Shaqiri
Klopp, meanwhile, remains keen to add at least one more attacking midfielder to his squad this summer. He admitted that he would like to leave following last season's relegation.

George Clooney has been injured in a motorcycle accident in Sardinia
Photographs taken by someone passing the scene showed the car's front right bumper damaged and Clooney's bike on its side. The car's driver assisted George after the crash and reportedly called an ambulance, according to NBC .

China: Liu Xia free and on her way to Germany
As she got off a plane in transit at the airport in Helsinki, she spread her arms and grinned widely at a waiting photographer. "Only by taking medication can I fall asleep and stop looking at this painful world", she said, according to Ye.

Iran threatened to block oil exports through the Strait of Hormuz in retaliation for USA efforts to reduce Iranian oil sales to zero.

"Mr. Trump sends every day a new message that creates uncertainty in the market", Zanganeh said, "Trump's order to OPEC members to increase production is a great insult to those governments and nations, and destabilizes the market".

Brent, the worldwide benchmark, is now trading at $US77 a barrel. United States crude futures added 29 cents, or 0.4 percent, to $74.09. "As such, we believe that a sustained period of Brent above $80 and $75 for WTI will lead to demand destruction becoming more likely, through a combination of enhanced efficiency and a slowdown in the global economy", analysts said. In late June, it demanded its allies halt all imports of Iranian oil from November and said exemptions were unlikely. Drillers added five oil rigs in the week to July 6, bringing the total count to 863. In fact, it could take as long as a year to boost production by 2 million bpd. That compares with averages of $50.85 in 2017 and $43.47 in 2016. Iran also accused Trump of being the reason for the surge in oil prices through his sanctions on Venezuela and Iran, both members of OPEC.

But according to the U.S. Energy Information Administration, the kingdom has not produced more than 10.42 million bpd on an annual basis (2016) or 10.63 million bpd in a single month (July 2016) in the last 20 years.

Conseillé:



Populaire

Ghoul Trailer: Betrayal is Close in Netflix and Blumhouse's New Series
The first original Netflix series, Sacred Games , debuted to rave reviews on July 6. But there is more in store for everyone at the base than they bargained for.

Facebook to be fined £500,000 over data breaches
A Facebook spokeswoman said the company was cooperating fully with an investigation by Australia's privacy commissioner. Mail.Ru told CNN it had not been contacted by Facebook about its investigation into the misuse of user data.

Real Madrid agree to transfer Cristiano Ronaldo to Juventus
The Portugal global added: "They have been an absolutely wonderful nine years". I can only thank all of them for the love and affection I have received.

George Clooney: l'acteur hospitalisé après un accident de scooter en Italie!
Heureusement, le comédien n'a été que légèrement blessé, malgré la violence de la collision avec une voiture. Sur Twitter, une photo de son scooter redressé sur la route laisse imaginer que le choc n'a pas été violent.

Justin Bieber and Hailey Baldwin caught making out at a park
Leaning against a handrail next to New York City's East River, the duo wrapped their arms around each other in front of parkgoers. A New York City stroll - what could be more romantic? Justin Bieber and Hailey Baldwin have sealed their re-romance with a kiss.

Klopp plays down Karius mistake
Two brilliant footballers make this mistake, which one was the bigger? On the match, Klopp continued: "Apart from the goals [conceded] everything was pretty much good".

‘The English Patient’ voted best Man Booker winner
The English Patient , by Sri Lankan-born Canadian literary icon Michael Ondaatje , has won the Golden Man Booker Prize . A panel of judges read all 52 former winners of the award, with each assigned a decade from the Booker's history.

Trump tire sur ses alliés — Otan
"Il est vrai qu'après le G7, dont Donald Trump s'est désolidarisé, tout le monde attend ce que va faire le président américain". Le président américain se rend au siège de l'OTAN , puis à Londres, cette semaine, avant un sommet avec Poutine.

France progress to World Cup final with 1-0 win over Belgium
France is back in the World Cup final for the first time since Zinedine Zidane's headbutt in 2006. "I don't have the words". We had the chance to win the final of the Euros, but we missed a wonderful thing and we must not let this chance pass.

Man harasses woman over Puerto Rico shirt, says it’s ‘un-American’
Puerto Rico is a US territory and Puerto Ricans are USA citizens, dating back to the signing of the Jones-Shafroth Act in 1917. The woman captured the encounter on Facebook Live, showing a man approaching and repeatedly asking about her US citizenship.