Global Oil & Gas: Sunday Midnight Will Mark Dividing Line in Oil World

Global Oil & Gas: Sunday Midnight Will Mark Dividing Line in Oil World

(Bloomberg) — Midnight on Sunday will mark a dividing line in the world of oil. Beyond that point, anyone unloading a tanker from Iran risks the full wrath of the U.S. government.

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Global Markets: OPEC To Discuss Compensating For Iranian Supply Drop After US Sanctions

Global Markets: OPEC To Discuss Compensating For Iranian Supply Drop After US Sanctions

OPEC will discuss in December whether producers can compensate for a sudden drop in Iranian oil supply after U.S sanctions against Tehran start in November, the head of Iraq’s state-oil marketer SOMO, Alaa al-Yasiri, told Reuters on Wednesday.

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Global Markets: Oil Jumps 3% On Big US Crude Draw, Iran Sanctions

Global Markets: Oil Jumps 3% On Big US Crude Draw, Iran Sanctions

NEW YORK, Aug 22 (Reuters) – Oil prices rose 3 percent on Wednesday, with Brent crude futures hitting a three-week high, after U.S. government data showed a larger-than-expected draw in crude inventories and as Washington’s sanctions on Iran signaled tightening supplies.

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Global Markets: “Trump’s Tweets added $10 To Oil Prices” – Iran’s OPEC boss

 U.S. President Donald Trump, who recently called on OPEC producers to help reduce oil prices, has raised prices through his tweets, Iranian OPEC Governor Hossein Kazempour Ardebili was quoted as saying by news agency SHANA on Thursday.

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Global Markets: Saudi Sides with Oil Consumers as OPEC Nears Pivotal Talks

(Bloomberg) — With fewer than 24 hours to go before a pivotal meeting, Saudi Arabia urged OPEC to help consumers by boosting oil supply as opposition from arch-rival Iran showed signs of wavering.

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