Oil jumps to highest since 2014 after USA quits Iran deal
10 May, 2018, 00:36 | Author: Myra Gill
He made his remarks a day after President Donald Trump announced the United States' withdrawal from the 2015 Iran nuclear deal. The benchmark contract was up $1.80 a barrel, or 2.4 percent, at $76.65 by 1050 GMT.
In China, the biggest single buyer of Iranian oil, Shanghai crude futures hit their strongest in dollar terms since they were launched.
The recent upswing in prices - which has almost tripled crude values from lows hit in early 2016 - has led to speculation that the output curbs will soon be lifted as countries reliant on oil revenue seek to boost their coffers by raising their exports.
For all these reasons, Saudi Arabia and other OPEC members will come under intense pressure to raise their output to make up for any loss of Iranian barrels.
But a drop in Iranian exports due to a return of USA sanctions, plus involuntary supply losses in other OPEC members such as Venezuela, would mean the supply cut would be significantly larger than intended.
The official said that Iran and Iraq are eager to resume Kirkuk crude oil swap soon but there are few logistics issues such as the exact number of Iranian and Iraqi tankers and which path they have to take, which is going to be rectified and the swap will be started soon.
A number of countries have already cut their reliance on Iranian oil, as well as other "traditional" sources of supply, due to surge in cheaper US crude exports.
Amir Hossein Zamaninia made the remarks in the 2nd day of Tehran's 23rd global oil show and stated that any country which has a highest production capacity, has more influence on the market.
Saudi Arabia said it would work with other producers to lessen the impact of any shortage in oil supplies.
Previously, users were unable to respond to text messages, or messages from services such was WhatsApp and Facebook. The on-device experience can be used to track where users are in their cycle and see when their period is expected.
It has already been announced that Oakland and Seattle will play next season's opener at the Tokyo Dome on March 20-21. Three more National Football League games are scheduled for this year, including one at Tottenham's new stadium.
Haspel will testify before the Senate Intelligence Committee on Wednesday for her confirmation hearing. Haspel said she's "looking forward" to her hearing Wednesday before the Senate Intelligence committee.
In addition, Google Maps can be expected to provide real-time information of traffic patterns, and brings about a newer map. Although officially Google IO doesn't begin until tomorrow that hasn't stopped Google from beginning their announcements.
The Penguins, by contrast, have been impossible to finish off since head coach Mike Sullivan took over in December 2015. The deficit hardly appeared to stoke the Penguins. "And they did a good job of not allowing us to get inside".
The Cavs will return to the court soon to face either the Sixers or, most likely, the Celtics in the Eastern Conference Finals. The Cavaliers acquired Hood from the Utah Jazz at the trade deadline as part of their midseason roster makeover.
If polling had shown Moore dead in the water, you can bet Trump would have been much more wary of getting involved. Or the time when he said that term wasn't racist because "races are Negro, white Caucasian, Hispanic, Asian".
Multi-user effectivity is actually one of the limitations of early AR platforms, and Google's ARCore is not exempt from it. AR is one of the few areas where Google hasn't been a recent leader, with Apple's ARKit giving it a slight leg up .
Among all the apps, only Old Man's journey app is a paid app, while all the others are free to download with in-app purchases. You don't have to sign up or create any new account for your subscription as Google manages everything using your Google ID.
Swansea has missed out on the chance to ease its relegation fears after losing at Bournemouth 1-0 in the English Premier League . Huddersfield , Swansea and Southampton are all sandwiched in between them and looking for a win and a top-flight lifeline.
Huddersfield keeper Lossl confident of missing relegation
City were in party mood as they celebrated the title they secured last month following Sunday's clash with Huddersfield . Manager Guardiola was the first man to receive his Premier League medal, while club captain Vincent Kompany went up last.
Pokémon GO Fest 2018 And Safari Zone 2018 Announced
They will now be happy to know that Niantic has confirmed that the Pokemon Go Fest will be headed back to Chicago this summer. There will also be "a unique and immersive gameplay experience not seen in any of Niantic's previous live events".
Punjab beat RR by six wickets
With four overs remaining in the innings, Rahul had managed only 48 off 43 on a sticky wicket that ensured runs came at a premium. He was dismissed in the following over when he miscued a knuckle ball from Stoinis and the skier was pouched by KL Rahul .
Man United-Ferguson, 2nd Ld-Writethru,178
Warm wishes have flooded in for Sir Alex Ferguson , who is in intensive care after suffering a brain haemorrhage . In a statement on Liverpool's website, a spokesperson said Sir Alex was "a great rival but also a great friend".