There's a 50-50 chance Trump is about to trigger a global oil shock


READ MORE

“Nobody has a clue what Iranian exports will be. There are potential declines in Libya, Nigeria, Mexico and Venezuela. Our spare capacities for the globe are much less today than they were in the past, and we are using a significant part of them,” he told Tass.


Mr Al-Falih says the kingdom can ramp up output from 10.7 million to 12million barrels a day (b/d). “This I can assure. But if 3m b/d disappears, we cannot cover this volume,” he said.


Iranian President Hassan Rouhani on Sunday tried to downplay the US sanctions targeting the country's vital oil and gas sector.

Iranian President Hassan Rouhani on Sunday tried to downplay the US sanctions targeting the country’s vital oil and gas sector. Credit:Iranian Presidency Office/AP


Few oil watchers believe the Saudis can in fact reach 12 million barrels a day in any meaningful time horizon. SP Global Platts said the Saudis are already running flat out. There is a 500,000 barrels a day field waiting in the Saudi-Kuwait “neutral zone”, this is caught up in a dispute over Kuwait’s diplomatic tilt towards Turkey. What seems clear is that Washington will take a draconian line on exemptions for buyers of Iranian crude, with limited waivers and phase-out periods even for allies.


“Our goal remains getting countries importing oil from Iran to zero as quickly as possible,” said Brian Hook, head of the state department’s Iran action group.


Article source: http://feedproxy.google.com/~r/sbsnews-topstories/~3/Y68Vm4QvxoU/world-cup-uruguay-portugal-and-spain-victorious-on-day-seven

Comments

Post a Comment

Popular posts from this blog

Harry Styles Unfollows His Keyboardist, Who Defended A Man Charged With Rape, & Fans Cheer

READ MORE The keyboardist on Harry Styles’ final tour, Clare Uchima, is underneath glow for display support for a charged assailant — and fans were over vehement to see that Harry unfollowed her on amicable media. Harry Styles fans are entertaining him on for unfollowing  Clare Uchima , a lady who played keyboard on his final tour , on amicable media. Harry’s logic for attack a ‘unfollow’ symbol on Clare was not revealed, nonetheless fans are assured it’s given of her tie to  Oritse Williams , a member of former UK RB organisation JLS , who was charged with rape in September. Oritse and another male were charged with raping a fan in a hotel room after a 2016 performance, and Clare publicly showed her support for Oritse, who she considers a friend. Oritse denied a allegations when a assign was made. “Women have been operative so tough for generations to get where we can be giveaway and equal individuals,” Clare wrote on Instagram after Oritse’s rape charge. “#MeToo was such a breakthro
Read more

One Nation's Malcolm Roberts wants migration rate more than halved

Image
READ MORE Australia’s yearly intake of skilled migrants and their families should be radically cut to just 70,000, according to One Nation’s top Senate candidate in Queensland. The current cap has been set at 190,000 since 2011, but the actual intake fell to its lowest level in a decade under the Coalition government  during the past financial year, with just 163,000 permanent arrivals. Mr Roberts will lead the One Nation ticket in the Senate in the party’s traditional stronghold state of Queensland at the next federal election, which is due to take place by May. He was ejected from parliament earlier in the year when the High Court found he held a dual citizenship, in breach of Section 44 of the Constitution. Party leader Pauline Hanson has a six-year term and her seat will not be in contested. One Nation is known for its anti-immigration policies, but will need to compete with rivals like Katter’s Australia Party, whose members have called for a public vote on a potential return to
Read more

World Cup Central: Dhoni, Akhtar, Botham in All Blacks all-time cricket XV

READ MORE Facebook Twitter Facebook Messenger Pinterest Email print World Cup fever has crossed platforms. There was Harry Kane sneaking into India’s training sessions to meet Virat Kohli. And now there’s the All Blacks picking a XV made up of past and present cricketers. With the @cricketworldcup underway in England, we’ve taken a look at all the best players from past and present to select the ultimate Cricket XV! SQUAD NOTES https://t.co/B3rnj5OBuJ #CWC19 pic.twitter.com/KuUtPU77PT — All Blacks (@AllBlacks) June 2, 2019 And they’ve got some pretty cool reasons for picking some pretty cool players. Curtly Ambrose : If anyone wants to argue with this selection then take it up with Sir Curtly himself. We dare you. MS Dhoni : The Richie McCaw of Cricket. Enough said. Dwayne Leverock : Famous for his one-handed catch at the 2003 World Cup, the 130kg Bermudian would surely make just as big a splash on the rugby field. Jofra Archer runs in to bowl  Getty Images June 1 Archer the fastes
Read more