OPEC is in the dark on the oil supply outlook for the second half of this year, ...
DUBAI/LONDON - OPEC is in the dark on the oil supply outlook for the second half of this year, with Iranian and Russian outages looking increasingly significant but Saudi Arabia reluctant to pump more due to fears of a price crash, sources in the organization said.
Iran’s oil exports are likely to drop further in May as the United States tightens the screw on Tehran’s main source of income. Shipments from Venezuela, also under U.S. sanctions, could fall more in coming weeks. Other OPEC sources said there were conflicting views on the significance of the Russian outage, and that the complexity of Russia’s pipeline system meant the issue was not straightforward.SUPPLY DROP
That would further tighten the market, with OPEC signaling even before the Druzhba outage that demand would exceed supply by more than 800,000 bpd in the third quarter. OPEC, Russia and other non-member producers are reducing output by 1.2 million bpd from Jan. 1 for six months, a deal designed to stop inventories building up and weakening prices.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
5 things to know for May 6: Tariffs, Iran, Israel, Kentucky Derby5 things for Monday: - Tariffs - Iran - Israel - Russia plane crash - Kentucky Derby
Consulte Mais informação »
Iran says its nuclear pact roll-back is legal and reversible - RIAIranian Foreign Minister Mohammad Javad Zarif told his Russian counterpart on We...
Consulte Mais informação »
Russia and Iran blame U.S. for Tehran nuclear pact roll-backRussia and Iran condemned the United States on Wednesday, blaming it for what th...
Consulte Mais informação »
Analysis | Why Russia is the big winner of the Iran deal falloutRussia has benefited the most from the sequence of events that began a year ago, when Trump announced that the United States was leaving the deal.
Consulte Mais informação »
The Latest: China says US 'aggravated' Iran tensionsTEHRAN, Iran (AP) — The Latest on Iran's decision to step away from embattled nuclear deal (all times local): 3:30 p.m. China says the U.S. has 'further aggravated' tensions over the...
Consulte Mais informação »
Oil set for weekly decline amid surging U.S. output, expected OPEC increaseOil prices on Friday were set to fall for the week as surging U.S. output and an...
Consulte Mais informação »
OPEC is 'likely to collapse,' warns Iran's oil ministerIran's oil minister says OPEC is 'likely to collapse' because some members are targeting their fellow producers, apparently referring to Saudi Arabia.
Consulte Mais informação »
The economy is booming, but Donald Trump can't stop talking about RussiaProbably only President Donald Trump could simultaneously preside over the best economy in half a century and bring the nation closer to a constitutional crisis than it has been for almost as long.
Consulte Mais informação »
Trump finds a new way to lie about Russia scandal, Mueller reportLet's make this plain: either Donald Trump is once again lying to the public or he hasn't the foggiest idea what 'rebuffed' means.
Consulte Mais informação »
Analysis | Trump echoes Putin on Venezuela — and contradicts his own secretary of stateTrump said Russia wasn't looking to get involved in Venezuela. His own secretary of state said Thursday that Russia had 'invaded' it.
Consulte Mais informação »
Trump says Russia investigation coverage overshadowed the 'tremendous potential' of his call with PutinPresident Donald Trump on Saturday accused media coverage of the Russia investigation of overshadowing the 'tremendous potential' of his call with Russian President Vladimir Putin -- a shift from his own description of a call spent lamenting special counsel Robert Mueller's investigation but not warning Putin against continued Russian meddling in the 2020 election.
Consulte Mais informação »