Oil prices drop as 'trifecta of trouble' may cause glut
09 Novembre, 2018, 13:55 | Auteur: Auguste Feret
Oil markets on Friday remained weak as rising supply and concerns of an economic slowdown pressured prices, with United States crude now down by 20 per cent since early October. That put WTI down 20.6% from its October 3 high, officially meeting the definition of a bear market.
Iran is likely to ride out the storm from USA oil sanctions, suffering recession but no economic meltdown, thanks to rising crude prices and deepening divisions between the United States and other major powers, officials and analysts say.
China's October crude imports surged 32 percent from a year earlier to 40.80 million tonnes, or 9.61 million barrels per day (bpd), data from the General Administration of Customs showed on Thursday, climbing from 9.05 million bpd in September.
Iranian officials have said the waivers provide proof that the United States can not achieve its goal of cutting off all of Iran's oil exports.
Once the waivers expire after 180 days, new waivers are expected to be issued, with a source in China saying his country would likely receive another six months of exemptions, though at a lower rate of around 220,000 bpd.
Russian Federation and Germany have slammed the United States' move to reinstate sanctions against Iran's vital oil exports, shipping and banking, saying Moscow and Berlin would continue trade with Tehran. The group led by Saudi Arabia will gather in Abu Dhabi this weekend as they face a fresh surge of U.S. shale oil threatening to unleash a new surplus in 2019. Since May, when Trump took Washington out of the nuclear deal, prices of bread, cooking oil and other staples have soared and the value of the rial currency has plunged.
The exemption for Chabahar is linked to the port's importance for both India and Afghanistan, and likewise the importance of India and Afghanistan to USA foreign policy aims. Perhaps that will come from Libya and Nigeria, which are heading into elections that could lead to sustained periods of instability, further disrupting oil supplies.
Oil's set for its longest stretch of declines on record after entering a bear market, with investors awaiting a weekend meeting of OPEC and its allies to discuss output strategy.
The record United States production has been a moderating factor of oil prices, although oil got a bump on Thursday after record Chinese crude imports eased concerns that a slowdown in the world's No.2 economy could stoke an emerging fuel glut.
That means a short-term rally, if it materializes, could be last-call for oil bulls.
Police say it is yet to be determined if the incident is terror-related. "It's so chaotic", witness Sarah told Tom Elliott. The incident began with police getting reports of a auto that had burst into flames on the Bourke Street in Melbourne .
Ma said it was Tai Kwun, not the festival, that had pulled his events. "Without them, life has no meaning", Ma wrote on Twitter. Hong Kong's immigration department has stated it does not comment on individual cases.
The highway patrolman cleared the perimeter and pulled Helus out, and waited as a SWAT team and scores more officers arrived. Bar patron Cole Knapp, 19, told Reuters he saw the gunman walk in and stop at the counter as if to pay a cover charge.
In the third quarter, the commercial aircraft business recorded a loss of US$9 million before interest, taxes and special items. And in June 2016, the Quebec government closed a US$1-billion investment in Bombardier's then-wholly owned CSeries program.
Après la découverte de bactéries pouvant causer des infections, des lots de préparation infantile font l'objet d'un rappel. Le rappel fait suite à une contamination par la bactérie Cronobacter sakazakii .
On voit sur les images le professeur demander à son élève de quitter la classe en raison d'une tenue vestimentaire non conforme. Il aura fallu l'intervention d'autres élèves et d'agents de sécurité de la Maywood Academy, pour interrompre l'empoignade.
The series will feature a female hero, half human and half divine, and will be set in a mythical Mesoamerican-inspired world. Silvia Olivas ( Elena of Avalor ) is co-writer and co-executive producer, and Jeff Ranjo ( Moana ) is head of story.
Officers speculated Long, who had served in Afghanistan for seven months, was suffering from post-traumatic stress disorder. Earlier this year, police were called to his home after neighbors reported what officers described as a disturbance.
Emmanuel Macron promet des aides pour le carburant
Elle est limitée aux salariés et fonctionnaires dont le salaire net est inférieur ou égal à deux fois le Smic. Elle est normalement imposable mais elle "sera défiscalisée " a annoncé hier Emmanuel Macron .
Plusieurs personnes poignardées à Melbourne — Australie
Les secours ont déclaré avoir traité trois personnes sur les lieux, dont une "dans un état critique" qui est décédée par la suite. Les circonstances exactes de l'incident restent à déterminer. "Le quartier a été bouclé", ont ajouté les enquêteurs.
Luis Enrique appelle Jordi Alba !
Le joueur, actuellement en grande forme avec son club, n'avait pas été appelé lors de deux derniers rassemblements. En revanche Marcos Alonso, Albiol, Bartra, Koke et Paco Alcácer ne font pas partie de la liste.