Iran says Saudi Arabia's claim to replace its oil 'unbelievable'
09 Octubre, 2018, 01:04 | Author: Arnold Perez
Iran may indeed have not cut production yet to match the rate of decline in its exports, as the country appears to be storing more oil on ships as it did during sanctions that applied until the 2015 nuclear deal.
Delhi is hopeful that Saudi Arabia and other members of the Organization of Petroleum Exporting Countries will heed United States calls for production to be boosted by one million barrels per day, as promised in June, which might help bring benchmark prices down.
Speaking at an event here, Pradhan said two of India's state-owned companies had contracted for Iranian crude for November.
The Islamic Republic exported 1.1 million barrels per day (bpd) of crude in that seven-day period, Refinitiv Eikon data showed.
On Monday, Iran's Oil Minister Bijan Zanganeh said a claim by Saudi Crown Prince Mohammed bin Salman that the Kingdom could replace Iran's crude exports was "nonsense".
India will buy a total of 9 million barrels of oil from Iran in November, foreign media reported yesterday, citing an industry source, despite U.S. sanctions on Tehran to return early next month.
"Refiners have placed November nominations to lift 1.25 million tons (about 9 million barrels) of oil from Iran", Reuters quoted a source as saying.
The report of a small crude decline eased fears that had pressured oil prices after US government data on Wednesday showed a large build in the USA commercial crude stockpile.
Iran's crude exports fell further in the first week of October, according to tanker data and an industry source, taking a major hit from USA sanctions and throwing a challenge to other OPEC oil producers as they seek to cover the shortfall.
India would continue its energy imports from Iran even in the wake of the U.S. government's 4 November deadline, hinted petroleum minister Dharmendra Pradhan on Monday.
USA president Donald Trump is reported to be "actively considering waivers" on sanctions on Iranian oil imports for some countries ahead of the November deadline.
Traders sent global benchmark Brent crude tumbling below $83 per barrel early in the session after China's central bank on Sunday slashed lenders' reserve requirements, a signal Beijing is working to maintain economic growth. Oil dropped to around $83 a barrel on Monday.
"Everytime China cuts interest rates, they increase oil consumption", said Phil Flynn, an analyst at Price Futures Group in Chicago.
"In effect, the government has asked the OMCs to sell petrol and diesel at subsidized prices, for which they will not be reimbursed", the report said.
So stick around and I'll give you instant highlights of the goals as they go in, along with the usual pre-match chat. I then watched the game last Saturday against Liverpool where I thought they were at full pelt to stay in that game.
Bellingcat said it gathered its information from open sources and "testimony from people familiar with the person". Speaking on Russian TV last month, that suspect said he was civilian who had visited Salisbury as a tourist.
A decade ago, a Spanish judge recorded the cases of about 30,000 Spanish children taken at birth during Franco's rule. Ms Madrigal brought her case 25 years after she became an adult, but the statute of limitations is 10 years.
La fila de más de 200 metros de largo se renovaba constantemente, y la velocidad al emitir el voto era sostenida. De esa forma ha conseguido el 46% de los votos en esta elección , 49 millones de votantes lo han escogido.
Their wedding cake was lemon elderflower flavored, covered with buttercream and decorated with fresh flowers. Eugenie and Jack have chosen to marry at St George's Chapel in Windsor, where the bride grew up.
Dilma se quedó sin banca
Aun así ayer no logró quedar entre las dos primeras posiciones que daban derecho a dos asientos en el Senado por ese estado. Por ello, las autoridades electorales aprobaron su candidatura y le permitieron concurrir a los comicios.
Taylor Swift endorses a political candidate for the first time
Please, please educate yourself on the candidates running in your state and vote based on who most closely represents your values. Swift's Instagram post slammed Republican candidate Marsha Blackburn, whose anti-LGBT, anti-POC voting record "terrifies" Swift.
Sanction waiver won't be easy: U.S. on India's S-400 deal
However, an industry source said the law is ambiguous about "when a waiver is necessary so this can be avoided for years". Under new U.S. laws, countries that sign deals with Russian defence or intelligence sectors can face secondary sanctions.