Tehran: Trump Wrong to Expect Saudis to Cover Loss of Iran Oil Supply
02 August, 2018, 23:37
Lately there has been no shortage of news, in part because of President Donald Trump 's penchant unexpected comments on Twitter, as well as his administration's effort to impose sanctions on Iran, the world's fifth biggest oil producer.
Iran has renewed threats to block the Strait of Hormuz since the United States announced its plan to reinstate sanctions and cut shipments from OPEC's third-largest producer to zero from about 2.5 million barrels a day now. Output is now 2.8 million barrels per day, its oil minister said, an increase of 100,000 bpd from June's average.
A Reuters survey showed the Organization of the Petroleum Exporting Countries (OPEC) increased production in July. Saudi Arabia suspended oil shipments through the strait last week after the Houthis attacked two Saudi oil tankers.
The survey also found that OPEC's adherence with supply targets slipped to 111 percent in July from a revised 116 percent in June, meaning it is still cutting more production than agreed. US crude futures fell $1.37, or almost 2 percent, to settle at $68.76. The draw was due to 8.5 million barrels of higher exports and 8.8 million barrels of higher imports for the week ending in July 20 compared with the previous weekly report levels.
"Despite a rise in refinery runs, a cratering in crude exports last week yielded a whopping crude build of 5.6 million barrels on the Gulf Coast - leading to a solid build of 3.8 million barrels for total US stocks", said Matt Smith, director of commodities research at ClipperData.
White House: Trump receives new letter from Kim Jong Un
White House Press Secretary Sarah Huckabee Sanders confirmed that the latest letter was received by the White House on Wednesday. Trump had said after their summit in Singapore with Kim that he would like the leader to come to the White House for a visit.
England vs India, first Test day two
Behind Root as he walked back to the pavilion, Kohli celebrated by blowing a kiss, mouthing some fruity advice and putting his finger to his lips.
Alhajji said, "It is clear that the Saudis want a balanced market with the least political pressure possible".
However, weekly crude exports dropped by about 1.4 million bpd, sending stockpiles in the Gulf coast surging and pushing net USA crude imports USOICI=ECI up last week by 1.4 million bpd. Britain's Unite union said a 12-hour strike at Total's offshore oil and gas platforms in the North Sea will go ahead as planned on July 30th. WTI fell 1.3 per cent on Friday, marking a fourth week of declines. Analysts pointed out the widening gap between WTI and Brent can support US oil exports in the future. The new supply could help lift Petrobras' crude oil exports, which fell by 53.8% in June from a year ago to 696,000 bpd as the company increased its refinery output. "China trade wars continue to weigh on prices, while the halt in Saudi shipments through the Red Sea waterway has seemingly failed to provide a bullish fillip", said Stephen Innes, head of trading APAC at OANDA Brokerage.
Matt Smith, director of Commodity Research at Clipperdata, based in Houston, Texas told Xinhua that "The oil market continues to be pushed and pulled by two key factors: trade war concerns and geopolitical worries".
He later pulled out of the wedding after he suffered a heart attack and has allegedly not had any contact with his daughter since. She told her biographer Andrew Morton that after her engagement to the Prince of Wales: "I cried like a baby to the four walls".
Yet, Kuroda also indicated that the BoJ will tolerate 10-year yields deviating as much as 0.2% from zero, compared to 0.1% now. It cited factors such as rising numbers of women and seniors entering the workplace, which has weighed on wages.
Mueller already is interested in some of Trump's tweets to the extent they raise obstruction of justice concerns. White House press secretary Sarah Huckabee Sanders said Trump's tweets are simply the president "fighting back".
A settlement between the State Department and Defense Distributed is allowing the release of plans for guns online. The activist, Cody Wilson, argued that the ban violated his rights under the USA constitution.
In March, YouTube revealed that it was releasing a dark mode for its mobile apps, starting with its iOS version . You can of course manually enable the dark theme and skip the rollout entirely providing you have root access.
A man from West Bend needed multiple amputations after contracting a blood infection from being licked by a dog. This happened so severely in Manteufel's case that doctors saw no other option but to start removing his limbs.
Cook's hiring may have been one of the best things Jobs did for Apple. "The worldwide pervasiveness is fractional versus Apple". The price of Apple moved above $207.04 and in the process, took the market capitalization to $1 trillion.
The World Cup saw strong sales of premium televisions and the semiconductor department is still the company's major profit driver. RAM sales are high, and Samsung expects demand to continue to rise in the second half of its fiscal year.
Comparatively, Chipotle Mexican Grill has a beta of 0.5, indicating that its stock price is 50% less volatile than the S&P 500. Business Insider reported late-Monday that more than 170 people said they fell ill after eating at a restaurant in OH .
Headed to the region later this week, President Trump will make further announcements on security assistance. Vietnam, the Philippines, Malaysia, Brunei and Taiwan have counter claims over the South China Sea .
Arizona Diamondbacks acquires Brad Ziegler and Jake Diekman
He has an overall 1.029 WHIP in his 29 outings this season, averaging 12.0 strikeouts per 9 innings and 0.6 home runs per 9. He will be arbitration eligible beginning next season and will not be eligible for free agency until after the 2021 season.
Huawei Launches Honor Note 10 With A 7 Inch Screen
Well, a combination of all this - CPU Turbo, GPU Turbo and liquid cooling - should make the Note 10 a very good gaming device. There is also no in-display fingerprint scanner; the Honor Note 10 features a rear-mounted fingerprint reader .
Armed homeowner killed by police was Vietnam vet
At about 1:30 in the morning there were multiple 911 calls about a disturbance near North Iola Street and East Montview Boulevard. One call was very specific and dire: A woman said an intruder was breaking into her home in the middle of the night.
Firefighters outflank California blaze
However, the reduced wind speed aided in curtailing the blazes which helped the firefighters to extend the buffer lines. Under the height of fire late last week, close to 38,000 inhabitants were under clearing orders.