giftedviz.com
giftedviz.com November 20, 2018


Trump has options if markets panic on Iran

15 May 2018, 11:04 | Austin Hogan

Trump has options if markets panic on Iran

Russia slams US decision to withdraw from Iran deal

On the bearish side some traders believe prices won't move almost as high because of rising USA production and the possibility that other suppliers from within OPEC will step up output in order to counter the Iran disruption. Iranian crude oil is something India looks up to.

U.S. Secretary of State Mike Pompeo said Sunday he is hopeful that the United States and Europe can come to an agreement over how to deal with Iran, after President Donald Trump threatened to sanction European companies that continue doing business there.

Both oil futures contracts hit their highest since November 2014 last week at $78 and $71.89 a barrel respectively as markets anticipated a sharp fall in Iranian crude supply once US sanctions bite later this year. That would hurt not just Iran's economy but also the dollar's liquidity, as the global oil trade undergirds the greenback, said Edward Al Hussainy, senior analyst, global rates and currency at Columbia Threadneedle in Minneapolis. Brent the previous day hit its highest since November 2014 at $78 a barrel. The five-year supply average is 420 million barrels. But oil ministers have since said other metrics should be considered such as oil industry investment, suggesting they are in no hurry to end supply cuts.

Even so, OPEC and its allies were still trimming output more than their supply-cutting pact required. That is roughly 800,000 bpd less than the amount OPEC says the world needs from the group this year. Other analysts think that the reduction of Iranian exports could be closer to 1 million bpd.

Khloe Kardashian Reveals Which Family Member First Suggested the Name True
Kardashian put her mastery of the written word to other uses this weekend when she fired back at a troll in the comments section of her Instagram .


British Spy Chief Details Russian Threats To World Order
He will be speaking to the Counter Terrorism Group, which comprises intelligence chiefs from 30 European domestic security services.


Are the Warriors threatened by the Rockets? Definitely, says coach Kerr
What about the difference in the teams' third and fourth options? You can't be out there thinking and worry about what's happened. The Warriors' lone victory came with James Harden out, although the Warriors were also without Kevin Durant .


Speculators are betting heavily that the sanctions will lead to supply disruptions that will make crude oil an attractive enough asset to drive prices to $80 -$100 per barrel later this year. Additionally, global inventories have tightened amid strong demand from Asia.

Side by side, the U.S. government also reimposed sanctions on the country.

"Fast-growing USA tight oil production is increasingly faced with costly logistical constraints in terms of outtake capacity from land-locked production sites", OPEC said.

It follows a decision by US President Donald Trump to dump a nuclear agreement with Iran and reinstate "the highest level of economic sanctions" on Iranian oil, potentially pulling nearly 1 million barrels of oil a day from the global market.



Other News

Trending Now

MS Dhoni Offers Scathing Evaluation Of CSK'Reduce To Rajasthan Royals
Chennai needed to win this game in order to take a giant stride towards play-offs and their batsmen took them home in style. The victory was the Royals' fifth of the season and it left them sixth on ten points, while CSK remained second on 14.

Iran Oil Exports to Asia Rush Ahead of Impending Sanctions
Security Council's five permanent members] countries to abandon the deal and reimpose sanctions on Iran ". Senator John Boozman also supports the President's decision to exit the Iran nuclear agreement.

Alia's Raazi continues to win hearts, woo box office
With no big release scheduled for the next week, I am sure Raazi will continue to march on in the coming days. Raazi saw a minimal drop on its Monday as compared to its opening day which is only 16.33 percent.

Will SC legalize sports gambling after Supreme Court gives OK?
Experts said sports gambling is not a huge moneymaker for casinos, in part because of the uncontrolled nature of the gambling. The money would be given to sports leagues to help them deal with integrity issues that could arise.

Walmart, Flipkart seal $16 bn e-commerce deal
US-based Walmart Inc has signed a deal to buy 77 per cent stake in e-commerce company Flipkart for $16 billion. Here, it is worth mentioning that Flipkart is an Indian e-commerce giant.

Assam in turmoil over Citizenship Amendment Bill
One day before the JPC visited Shillong on May 9, the Conrad Sangma government in Meghalaya unanimously chose to oppose the Bill. Now the state Congress is saying something and the district units and their leaders in Barak Valley are saying something else.

Madrid Open: Zverev claims title with crushing win over Thiem
The same feeling is true for Zverev, who has a chance to become the fifth active player with three Masters 1000 championships. It was Zverev's second win in six meetings with Thiem. "If I had played normal I would have no chance", Thiem said.

Manchester United's De Gea wins Premier League Golden Glove for first time
Peter Crouch has defended Jose Mourinho amid continued criticism of Manchester United's style this season. The official handle of Manchester United also congratulated David De Gea on his achievement.

U.S. ready to offer security assurances to DPRK: Pompeo
South Korea has said Kim has shown an interest in dealing away his nuclear weapons in return for economic benefits. The plane arrived from Alaska, where it had stopped Wednesday after leaving North Korea.

Life on Jupiter's moon? Europa's plumes suggest so
Then the Galileo mission reached Europa in 1996, and Kivelson's detections revealed that there was an ocean on another planet. The research, headed by University of MI space physicist Xianzhe Jia , was published in the journal Nature Astronomy .