Oil prices fall as US-China trade war clouds demand outlook
18 Septembre, 2018, 15:23 | Auteur: Auguste Feret
Oil prices edged lower yesterday as investors focused on deepening trade tension between the United States (U.S.) and China that is expected to dent global crude demand, but losses were limited as the market weighed potential supply tightening due to Iran sanctions.
Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas U.S. August 22, 2018. Iran is the OPEC's No.3 oil producer.
Brent crude oil was up 70 cents a barrel at $78.79 by 1345 GMT. He also slammed other OPEC members for welcoming the US sanctions against Tehran and taking advantage of the situation to boost their production.
"Oil is pushing higher on widespread expectations of Iranian supply shortages", said Stephen Brennock, analyst at London brokerage PVM Oil.
He did not specify how crude producers would compensate for declining exports from Iran, with new United States sanctions due to hit the Islamic republic's oil industry on November 4.
Iranian crude oil export loadings have declined by 580,000 bpd in the past three months, Bank of America Merrill Lynch analysts said in a note to clients.
The head of OPEC said Tuesday that Iran remains "a very important member" of the oil cartel, as Tehran braces for a new round of USA sanctions partially targeting its crude exports.
A leading Iranian official said on Saturday that Saudi Arabia and Russian Federation had taken the oil market "hostage" and accused other producers of turning the Organization of the Petroleum Exporting Countries into "a USA tool".
Iran is the third-largest OPEC producer.
However, the recovery gains are likely to be limited, as markets remain unnerved ahead of the USA tariffs announcement on $ 200 billion worth of Chinese imports, which could trigger a renewed risk-aversion wave across the financial markets.
However, potential supply cuts caused by USA sanctions on Iran, the third-largest producer among the members of the Organization of the Petroleum Exporting Countries (OPEC), are providing some support for oil prices.
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, Baker Hughes energy services firm said on Friday.
The US is imposing new tariffs on $US200 billion ($NZ304b) worth of Chinese goods as it escalates its trade war with Beijing. The two countries are fighting over Beijing's ambitions to supplant American technological supremacy.
The fate of the military personnel is unknown, the ministry said in a statement which was carried by Russian news agencies. But Israeli jets have struck Syria dozens of times in recent years, mostly targeting Iranian and Hezbollah positions.
An acolyte of Sabrina's father's teachings, Nicholas is drawn to Sabrina, as well, and there are immediate sparks between them. Zelda believes there is no greater honor than serving the Dark Lord as a member of the Church of Night.
Mme Maisel, femme fabuleuse " a pour sa part reçu plusieurs récompenses dont celle la désignant meilleure comédie. La saga du Trône de Fer, la plus récompensée cette année, n'égale cependant pas son record de 2016.
Malgré les réactions de la Chine, lepays importe nettement moins de produits des États-Unis qu'elle n'en exporte. Kudlow, ajoutant que " parler vaut mieux que ne pas se parler, je pense que c'est une bonne chose ".
Amukamara's first interception since 2015 gave the Bears a 24-10 lead just after the Seahawks had trimmed their lead to 17-10. When Seahawks rookie P Michael Dickson shanked an 11-yard boot out of bounds and the Bears took advantage - kind of.
Le conflit débuté en mars 2011, a fait plus de 360.000 morts et forcé des millions de personnes de quitter leur foyer. L'État hébreu martèle qu'il ne lui permettra pas de se servir de la Syrie comme tête de pont contre lui.
"I still wanted to stay with PSV , but in the future, I hope that I can play here for this handsome , big club". For now, the important thing is focusing on PSV and enjoying it here as much as possible.
Calm down". "#NotAllMen, but a lot of 'em", she reiterated. "No, it is just jokes, but what are jokes these days?" We don't know. He wasn't actually present to receive the award, which Gadsby joked was because of her presenting the award.
Trump Slaps New Tariffs on Chinese Products
Last month, Mexico and the United States finalized a preliminary agreement on a new NAFTA pact they intend to sign by December 1. Turkey has in turn hiked tariffs on imports of several U.S. products such as rice, alcohol, leaf tobacco, cosmetics and cars.
USA to sharply cut cap on refugees to 30,000 for 2019
Senator Bob Menendez, the top Democrat on the Senate Foreign Relations Committee, called the decision "cruel and short sighted". Refugee resettlement does not include the number of people reaching America and applying for asylum.
Kavanaugh’s Accuser Has Now Come Forward
A potential "no" vote from Flake would complicate the judge's prospects because Republicans control the committee by just 11-10. Kavanaugh flatly denied the accusation and was, according to the White House, ready to testify "tomorrow" in his defence.
US nominee Kavanaugh's accuser willing to testify: lawyer
Ford came forward publicly Sunday , detailing her allegations about the Supreme Court nominee in an interview with the Post . Grassley said he was disappointed that Democrats - or Ford's attorney - had not come forward with the allegations sooner.