Iran Warns India Against Oil Imports From US and Saudi Arabia

Trump’s order for OPEC to reduce prices is insulting – Iranian oil minister

The kingdom was also said to have increased daily output by about half a million barrels in June. He said that Iran has helped India significantly on strategic issues like energy and connectivity yet India has not kept up its promises of investment in the Chahbar port.

"OPEC alone can not be blamed for all the problems that are happening in the oil industry, but at the same time we were responsive in terms of the measures we took in our latest meeting in June", Organization of the Petroleum Exporting Countries President Suhail al-Mazrouei told Reuters in an interview in Calgary, Alberta. But Trump has also asked Saudi Arabia to tap its 2 million barrel spare capacity and add more oil to the market.

The United States and China exchanged the first salvos in what could become a protracted trade war on Friday, slapping tariffs on $34 billion worth of each others' goods and giving no sign of willingness to start talks aimed at a reaching a truce. This statement comes in the wake of fresh sanctions on Iran after US President Donald Trump chose to pull out of the nuclear deal with Iran.

The U.S.is reimposing sanctions on Iran, after President Donald Trump withdrew the U.S. from the Iran nuclear agreement in May. And some of its major European allies have been working to prevent the 2015 deal from falling apart.

Iran has threatened to block oil exports through a key Gulf waterway in retaliation for U.S. efforts to reduce Iranian oil sales to zero.

Читайте также: Johnson and Davis resignations 'matters for Theresa May'

Iran, OPEC's third-largest producer, is facing United States sanctions on its oil exports prompting some buyers to cut purchases.

"There might be a slight decline in Iran's oil sale, but different companies' secret purchase of Iran's oil can compensate it", he said.

"There will remain no such organization (as OPEC) in the future after continuation of the sanctions" against Iran, he was quoted as saying.

Oil prices could jump steeply to cross $120 per barrel in a not-to-be ruled out scenario of zero Iranian exports combined with Opec's lack of preparedness to offset the huge supply deficit, market analysts said. "South Korea overall is lifting zero oil (from Iran) for July loading".

South Korean buyers of Iranian crude and condensate are SK Energy and SK Incheon Petrochemical, owned by SK Innovation, Hyundai Oilbank Corp and Hanwha Total Petrochemical Co.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2018 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Related News:



Most liked

Germany ‘totally controlled by Russia,’ Trump tells North Atlantic Treaty Organisation chief
Trump was referring to a 2015 agreement between Russian gas giant Gazprom and Germany to build a pipeline under the Baltic Sea. And maybe we'll speak to him when I get over there. "On that point the American friends have a point", von der Leyen said .

Video shows George Clooney hurt in Italian scooter crash
George Clooney is on the mend after a scary scooter accident in Italy . 'George was treated and released from an Olbia hospital. Clooney was driving a motor scooter to work on Tuesday morning when he collided with a Mercedes making a sudden left turn.

Liu Xia, wife of late China dissident, arrives in Berlin
Friends say Liu Xia had expressed an interest in going to Germany, where she has a network of friends among Chinese dissidents. In a letter published a year ago , Liu wrote she was "going mad" in her isolation, according to the AFP news agency.

Serena sets sights on eighth Wimbledon title
Even when Serena was on the brink of losing the set, she managed to hit a 122 miles per hour serve, her fastest of the tournament. But as she has done at each stage here, in just her fourth tournament back since maternity leave, Williams elevated her play.

ANP leader Haroon Bilour among 20 martyred in Peshawar blast
Presently, 62 people injured in suicide attack are seeking treatment at Lady Reading Hospital, authorities confirmed. This is the second terrorist attack on an election rally in Pakistan ahead of the July 25 general election.

William, Harry, Kate, & Meghan Are Back Together -- Yaaas
Meghan , 36, and Prince Harry, 33, attended Prince Louis' christening yesterday looking as stylish and loved up as ever. Tourists can follow in Harry and Meghan's footsteps by visiting the GAA museum and taking a stadium tour.

Didier Deschamps hails French character after semi-final win
Our worst fears about this World Cup have been confirmed: none of the countries left in the tournament have left-wing governments. The body language was positive, and even the younger and less experienced players were not overawed by the occasion.

Brian Cashman signs letter endorsing Supreme Court nominee Brett Kavanaugh
Wade decision on abortion rights and the Supreme Court decision affirming the constitutionality of the Affordable Care Act. But Indiana's Joe Donnelly, North Dakota's Heidi Heitkamp and West Virginia's Joe Manchin all say they won't attend.

USA to list tariffs on another US$200 billion of Chinese products
The prospective US tariffs would be retaliation against the retaliation. "American families are the ones being punished". He added the USA is ready to target an additional $200 billion, and then $300 billion more should Beijing retaliate.

Prince Harry, Duchess Meghan arrive in Ireland for 1st official foreign trip
Their final engagement in Dublin will be meeting with young people who take part in free coding workshops at Dogpatch Labs. The Duke and Duchess of Sussex began their first official global visit together when they arrived in Ireland on Tuesday.

Thai cave rescue: All 12 boys and soccer coach freed
When asked about his first reaction as he saw the first set of boys who were rescued he admitted that he was "very scared. Four boys were rescued from the underground caves on Sunday, bringing the total number of recovered children to eight.

Jaded Croatia look to master Modric to carry them through against England
Belgium finally showed on the pitch why so many rate them so highly and have tipped them to do well in this tournament. Like England , France have won one World Cup , and also like England it took place on home soil.

Martinez: France's Henry is missing ingredient for Belgium
But we will be ready because we have an extremely good state of mind, and it is the semi-finals in the World Cup . In 29 matches for France , both in the underage sides and the seniors, Pavard has not lost a game.

Manchester United invites rescued Thai team to match
It's unclear whether Thai officials will opt to use Musk's submarine to rescue the four remaining boys and their soccer coach . As of press time, the first eight boys to emerge from the cave were in relatively good health but still in hospital.

Prince Harry and Meghan visit Republic of Ireland
The visit, at the request of the British government, is expected to attract a lot of media attention. Tomorrow they are due to meet Irish President Michael D Higgins at Aras an Uachtarain.