An aerial view of an Iranian floating oil export terminal in the Persian Gulf
11 July, 2018, 15:41
Two other sources also said South Korea cancelled July loadings of crude and condensate cargoes from Iran as it was uncertain whether they can receive an exemption from USA sanctions on Iran trade. In fact, it could take as long as a year to boost production by 2 million bpd.
"Oil is now a game of chicken", the analysts wrote in a note on Friday.
Saudi Arabia accounted for nearly two-thirds of the reported OPEC spare capacity (2.02 million bpd), with smaller volumes held by Iraq (330,000 bpd), United Arab Emirates (330,000 bpd) and Kuwait (220,000 bpd).
Libya's national oil production fell to 527,000 barrels per day from a high of 1.28 million bpd in February following recent oil port closures, the head of the National Oil Corporation said in a statement on Monday.
The market has grown concerned that if the Saudis offset the losses from Iran, that will use up global spare capacity and leave markets more vulnerable to further or unexpected production declines.
Iran plans to reduce its global trade relations only to countries that buy its crude oil, an Iranian MP told Iranian media. So much can change in oil markets in the course of a few weeks.
Bijan Zanganeh condemned the U.S. president for trying to politicize the decisions of the Organization of the Petroleum Exporting Countries (OPEC). At the time, Saudi Arabia's Khalid al-Falih said the number was "nominal" since not all OPEC members had the spare capacity to boost production.
The UK's data protection watchdog said the social media giant has failed to ensure Cambridge Analytica had deleted users' data. In Facebook's case this would amount to around US$1.6 billion (€1.4 billion).
Facebook also received a minor fine of $164,000 from French regulators for failing to meet the country's data protection rules. The agency said Tuesday that the social media giant "contravened the law by failing to safeguard people's information".
Meanwhile, ignoring all the abuses and taunts, Sterling has applauded the support of English fans in Russian Federation . Beckham and Sir Geoff Hurst, though, defended Sterling's displays after the quarter-final win against Sweden.
If there is any doubt about what's best for your baby, please seek advice from your doctor or health professional'. And the better babies sleep, the better their parents' quality of life and mental health.
Clooney did not sustain life-threatening injuries and was discharged from the hospital the same day, leaving with wife Amal . They all came together at the up-market Il Marino di Puntaldia restaurants after George had finished filming .
However, and to the general surprise, the duo was caught kissing passionately in the streets of NY as you can see HERE. A friend of the couple's, Jennifer Stephan, posted a pic to Instagram of the two hugging, which has since been deleted.
No wonder he moved up 44 spots on the table to reach No 2 with 842 points, also the best in his short worldwide career so far. Although he only managed 6 and 19 in the next two games, he moved up nine spots to occupy third place.
Williams, a 23-time major victor , is hoping to join a select group of women who have won Grand Slams after becoming mothers. She probably should have done her homework on Williams, who crushed the upset-minded Italian after dropping the first set.
The point is obviously to then use your phone as your ticket (or boarding pass), no printing required. It's a simple feature but one that should make splitting a bill between multiple people much easier.
Myanmar court rules Reuters reporters can face full trial
Adler said the news organization was " deeply disappointed " with the ruling and called the case against the reporters "baseless". Army operations in August 2017 forced more than 700,000 Rohingya, who are denied citizenship in Myanmar, to flee to Bangladesh.
Israeli company plans lunar landing next year
The Israeli spacecraft, about the size of a dishwasher, measure about 6.6 feet in diameter and about 1.65 feet in height. The launch date is set for December; two months later, on February 13, the spacecraft is expected to land on the moon.
Umar Sadiq joins Rangers on season-long loan from Roma
Speaking exclusively to RangersTV Sadiq said: "It is very good to be here, it has been good so far and I can't wait to start". Rangers boss Steven Gerrard has suggested that his team are nearing a deal for Roma forward Sadiq Umar .
Road Signs Will Warn Drivers Who Are Using Their Phones
Although the signs are unable to log offending number plates, such a feature is being considered for development in the future. The scanner can pick up both mobile phone radio signals and Bluetooth signals, and differentiates between the two.
New Joker movie with Joaquin Phoenix coming from Warner Bros
Todd Phillips , most well known for his comedies including Old School, Starsky & Hutch and The Hangover , is lined up to direct. Who knows? We might not get any Joker until the very end of the film if it all goes as reserved as it could be.
Minnesota PGA Tour stop scheduled for July 4 week in 2019
If they play the following week's WGC event in Memphis, golfers are looking at five tournaments in six weeks to end the season. Next year's Northern Trust will return to Liberty National in Jersey City, New Jersey, before heading to TPC Boston in 2020.