India appreciates US waiver on New Delhi-Tehran energy trade
India appreciates US waiver on New Delhi-Tehran energy trade
US exempts India from certain sanctions related to development of Chabahar port in Iran
10 November, 2018, 11:58
Crude oil prices were lower Friday morning amid widespread concern that the market may be oversupplied, with yet another session where the impact of waivers announced Monday lingered.
West Texas Intermediate for December delivery traded 6 cents lower at $60.61 a barrel on the New York Mercantile Exchange at 3:20 p.m.in Singapore.
Futures fell after the industry-funded American Petroleum Institute was said to report United States crude stockpiles expanded by 7.83 million barrels last week.
Once more, the USA granting leniency to countries wanting to import oil from Iran caused crude prices on Wednesday to tumble, this time by almost 1 percent - and with oil now at an 8 month low, nobody is more satisfied than US president Donald Trump, who insists his hawkish global stance is responsible for giving motorists a break at the pump.
"Crude oil imports rose.as uncertainty around tariffs on U.S. imports and sanctions on Iran eased", said ANZ bank following the data release.
"A slowdown in the global economy remains the key downside risk to oil", Bernstein said.
In China, a flotilla of supertankers carrying around 9 million barrels of Iranian oil worth about $650 million is sitting outside Dalian port.
U.S. abruptly postpones top-level N. Korea talks A senior official at the Foreign Ministry in Seoul cautioned against reading too much into the decision to postpone the meeting. At a White House press conference, the president said Pompeo's meeting with Kim Yong Chol will be rescheduled.
Trump under fire for firing Sessions As acting attorney general, Whitaker now has the power to wrest oversight away from Rosenstein, and take charge himself. Whitaker's statements in the media regarding the Mueller probe have alarmed activist groups opposed to the president.
The decline in oil prices over the past weeks follows a rally between August and October when crude rose ahead of the re-introduction of sanctions against Iran's oil exports on November 5. To put that in context, the BP Statistical Review of World Energy 2018 puts global daily crude production at 92.6 million barrels per day for previous year, so the increase is meaningful.
Producers including Saudi Arabia and Russian Federation had opened the taps earlier this year following unprecedented political pressure from Trump.
USA government waivers will allow some of Iran's biggest customers to buy crude from Opec's No. 3 producer for another six months, damping shortage fears.
In the week ending November, the USA crude production hit a whopping 11.6 million bpd, according to Energy Information Administration (EIA) data released on Wednesday. "We have worked with the Saudis, the Emiratis, and other producers to make sure production is up so that historic buyers of Iranian oil are not disadvantaged", he added.
Iran will not export as much crude as it has been. Pledges by other producers such as Saudi Arabia to pump more and record American supply as well as rising stockpiles also weighed on prices.
Zanganeh claimed the Trump administration may have been able to "superficially" bring fuel prices down ahead of the USA mid-term elections this week but that there's bound to be a hike in prices in the future. "OPEC and Russian Federation may use cuts to support $70 per barrel", said Ole Hansen, head of commodity strategy at Saxo Bank.
When he arrived, Sergeant Helus heard gunfire coming from inside the bar, which was occupied by almost 200 college students. Helus and a highway patrol officer exchanged gunfire with Long, he said, and the sergeant was shot "several times".
The Redwood City, California-based company expects the pill to be available early next year at a price of $50 to $60 per pill. Food and Drug Administration has approved the marketing of an opioid named Dsuvia, with FDA Commissioner Dr.
The China International Import Expo (CIIE) is a "trail-blazing" move in the history of international trade development. Organisers of the expo say more than 3,000 foreign companies from 130 countries, including the USA , are present.
Scott now leads Nelson by only 15,000 votes, well under the threshold for an automatic recount to be triggered under state law . He conceded to Republican Ron DeSantis on Tuesday night, though the race has since tightened.
He looked close to tears as he was applauded by the staff on his way out of the justice department building on Wednesday night. Clovis, who later worked in Trump's presidential campaign, has been interviewed as part of Mueller's Russian Federation probe.
In the 2016 presidential election, Donald Trump won the state over Hillary Clinton by 112,911 votes, or 1.2 percent of the total. That has led to a system so freaky that John Oliver panned it as "insane" in a recent piece on "Last Week Tonight".
The graphics chip also pumps out around 2x more power, all without compromising the 10-hour battery life every iPad has gotten. Taking place in Brooklyn, New York, the company showcased latest MacBook Air , Mac mini , and new iPad Pros .
Women who begin their day early are likely to have a lower of risk breast cancer , than late beginners, suggests a research . Being a morning person is partly down to genetics, so this lowered risk does make some sense.
KNKT is planning to simulate a flight to assess the impact of sensor damage at Boeing's engineering simulator facility in Seattle. Airline safety experts said pilots are trained to handle a plane safely even if those crucial sensors fail.
Boeing said the "angle of attack" sensor, which identifies if a plane is about to stall, was faulty on the doomed flight. If pilots aren't careful, they can cause severe nose-down trim settings that make it impossible to level a plane.
Ocasio-Cortez becomes youngest woman elected to Congress
She became a progressive star after her upset primary victory over Republican Joseph Crowley, a high-ranking House Democrat. Deb Haaland in New Mexico and Sharice Davids in Kansas became the first Native American women ever elected to Congress.
Possible mass shooting at bar in Thousand Oaks, California
Several witnesses told ABC 7 the man was armed with a handgun opened fire inside the Borderline Bar & Grill in Thousand Oaks. Pictures and video footage show firefighters and first responders flooding the scene after multiple injuries were reported.
US Attorney General Resigns
Sessions' chief of staff, Matthew Whitaker , will be acting attorney general , Trump said on Twitter. Several conservative lawyers are recommending Brown to replace Sessions, the Bee reported .