Oil prices tick up as Hurricane Michael nears Florida
Oil prices tick up as Hurricane Michael nears Florida
Oil extends losses as markets fall, inventories climb
14 October, 2018, 03:05
Citing unnamed top industry sources, Indian news agency Press Trust of India (PTI), on October 05, 2018 has reported that state-owned refiners, Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) have contracted 1.25 million tonnes of Iranian oil for import in November, the month when more USA sanctions targeting Iran's oil and gas industry are due to begin.
Brent crude settled up 17 cents a barrel at $80.43, after dropping 3.4 percent on Thursday.
USA crude added 45 cents to $71.42.
Media reports suggest that India's largest refiner, International Olympic Committee is importing the "usual" monthly volumes of oil from Iran.
U.S. President Donald Trump has repeatedly demanded the Organization of Petroleum Exporting Countries pump more to temper prices.
Last month, India shipped in about 528,000 barrels per day (bpd) oil from Iran, about 1 percent more than the 523,000 bpd of August and about 27 percent more than a year earlier, tanker arrival data obtained from shipping and industry sources showed.
The IMF also raised concerns that demand for oil products may slump as well. He further added that Saudi Arabia representatives have been claiming that they are able to balance Iran's losses under the US pressure.
Croatia vs. England - Football Match Report In contrast, Dier has started seven times for Tottenham Hotspur in the Premier League so far, missing just one game. England captain Harry Kane dismissed suggestions he needs a rest, saying he does not think his "game has dipped".
US Student Detained In Israel It was the first time that Lara Alqasem has appeared in public since she was stopped at Israel's Ben Gurion Airport on October 2. Jerusalem's Hebrew University has thrown its support behind Alqasem, announcing Monday it would join her appeal.
Virus-afflicted Del Potro taking it 'hour by hour' Since Djokovic lost that French Open match to Cecchinato, he's won 28 of his 30 matches. "I was aggressive when I needed to be". The 20-time grand slam champion will stay second in the rankings if he wins the title and Djokovic fails to reach the final.
Iranian oil industry has been under pressure from the USA efforts to isolate the country by reimposing sanctions.
"Oil prices have stabilized for the moment - between a real and a metaphorical storm", said Fiona Cincotta, senior market analyst at City Index.
Early in the session, crude rose as global equities were set for their biggest daily gain in almost a month.
Saudi Arabia's September production rose to 10.50 million barrels a day, a month-over-month increase of about 100,000 barrels a day.
The South Asian nation was hoping to lift significantly higher volumes in the current fiscal year, after Tehran offered a discount on shipping and an extended credit period, before the US decision on sanctions changed its plans.
Companies turned off daily production of about 670,800 barrels of oil and 726 million cubic feet of gas by midday on Tuesday, according to the federal offshore regulator, the Bureau of Safety and Environmental Enforcement (BSEE).
A drop in US oil production this week supported prices.
Almost 40 percent of daily crude oil production and more than one-third of natural gas output was lost from offshore U.S. Gulf of Mexico wells on Wednesday because of platform evacuations and shut-ins ahead of Hurricane Michael.
Theresa May has announced eight thousand more mental health workers in schools to offer mental health checks to pupils. One of these is the pressing question of mental health and how our population is coping with it.
Wedding watchers thought Princess Eugenie would wear the tiara that her mum wore for her wedding to Prince Andrew. Eugenie looked stunning in a custom Peter Pilotto wedding gown with an open back and a long train.
Messi scored just one goal and has captained his country since 2011, but Maradona is not happy with the Barca talisman. "It's useless to try and make a leader out of someone that goes to the bathroom 20 times before a game".
The rise in interest rates is "a sign of economic health, that is something to be welcome and not feared", Kudlow said on CNBC. Trump has said he likes low interest rates, in part because of his background in real estate.
Mount Gurja sits in Nepal's Annapurna region, next to avalanche-prone Dhaulagiri, the world's seventh highest mountain. The climbers were attempting to scale the 7,193-metre (23,590-foot) peak during the autumn climbing season.
Energy Information Administration (EIA) is due to release official government inventory data Thursday at 11 a.m. The fears are growing that the US demands for an Iran oil embargo could cause a significant supply shortfall.
This led to Askahy Kumar issuing a strong statement , asking the producer of Housefull 4 to cancel the film's shooting. He even tweeted about it saying how he has made a decision to step down as a director till he can prove the truth.
Having started my footballing career with this great club, it seems like fate that I will now begin my managerial career here too. Portuguese boss Jardim was appointed in 2014 and led the club to the French title in 2017, their first since 2000.
National Hurricane Center said. "We're moving pretty, in my opinion, pretty rapidly to get people back together", Gillum said. Rescuers from the Federal Emergency Management Agency (FEMA) used dogs, drones and Global Positioning System in the search.
Mega Millions jackpot numbers are in
The $314 million ranks as the 24th-highest in the game's history and the 41st-highest combined jackpot ever i the U.S. There was no victor for Mega Millions' Friday jackpot, pushing Tuesday's jackpot to $654 million.
Google Pixel 3 scratches can be easily removed, Tested
The third generation of Pixel phones unveiled Tuesday at an event in NY features screens that span from one edge to another. What's maybe more important, though, is the fact that these real-time translations aren't a Pixel phone exclusive either.
Britain plans fiscal buffer for Brexit - Hammond
The deadline of 18 October, when the future EU-UK trade deal must be submitted to all remaining 27 EU members, is nearing. Blasting the proposed deal, she said: "Trade from Great Britain into Northern Ireland would be in danger of restriction".
Armenia Hosts Summit Of Francophone 'Family'
Thus with apparently limited worldwide support and somewhat lukewarm Canadian support, Jean's re-election chances had been slim. Leblanc said on the weekend that Jean had no intention of dropping out.
Croatia, England fight out draw in empty stadium
England's prowess from set-pieces played a huge role in their World Cup success and again proved a potent weapon. In these games we have to pick a team to represent the country as well as we can.
Quake near Bali, Indonesia, kills at least 3
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CVS $69B merger deal with Aetna gets go-ahead
The companies maintain a prior view that the transaction will close in the early part of the fourth quarter of 2018. Together Aetna and CVS have 6.8 million members in standalone Medicare drug plans, the Justice Department said.
Israeli forces kill six Palestinians during Gaza protests
In response, the IDF said, soldiers used riot dispersal means and live fire in accordance with standard operating procedures. That's according to the spokesman for Gaza's Health Ministry who say there are around 140 people injured.