Gulf OPEC producers can step in to meet any oil supply shortage following a U.S....
DUBAI - Gulf OPEC producers can step in to meet any oil supply shortage following a U.S. decision to end waivers on buyers of Iranian crude, but will first wait to see whether there is actual demand, OPEC and industry sources said.
Eight countries, including China and India, were granted waivers for six months, and several had expected those exemptions to be renewed. “The question is how fast and by how much will OPEC raise output. This still needs to be done after consultations with other countries,” one source said. Washington reimposed sanctions in November on Iran’s oil exports after U.S. President Donald Trump pulled out of a 2015 nuclear accord between Iran and six world powers.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Late night shelling in Tripoli as Europe, Gulf divided over Haftar's pushShelling could be heard late on Tuesday in several parts of the Libyan capital T...
Read more »
Oil prices rise on decline in U.S. drilling activity, OPEC supply cutsOil prices rose early on Monday, with Brent hitting its highest level since Nove...
Read more »
Oil rises on tightening supplies; ample U.S. output caps gainsOil prices edged higher on Wednesday, supported by ongoing OPEC-led supply cuts ...
Read more »
OPEC vs. Shale: the Battle for Oil Price SupremacyOil prices are in a tug of war between the huge increase in production in the U.S. shale patch and attempts by OPEC to slash its own output.
Read more »
Paid Program: Why The '+' in OPEC+ Matters to Oil MarketsPaid Program for CMEGroup: After April OPEC meeting postponed, some contradictory statements from Russia and Saudi Arabia may show cracks in the cartel. CMEGroup.
Read more »
Dog found swimming 135 miles off Thailand coastA dog was found swimming 135 miles off Thailand coast and was rescued by an oil rig crew:
Read more »
Thai oil rig workers rescue dog swimming 135 miles offshoreBANGKOK (AP) — A dog found swimming more than 220 kilometers (135 miles) from shore by workers on an oil rig crew in the Gulf of Thailand has been returned safely to land. A worker on the...
Read more »
Opinion: Russell Westbrook's 'next question' latest example of gap between NBA stars, fans'What Russell Westbrook has been doing in a very public way during the Oklahoma City Thunder's series against Portland is a really bad look for the NBA,' writes Dan Wolken for usatodaysports
Read more »
If Sanctions Cut Iran's Oil Exports To Zero, Would Saudi Arabia Really Fill The Void?If Saudi Arabia commits to increase oil production for Trump's Iran sanctions policy, it could destroy the kingdom's leverage in OPEC.
Read more »
If Sanctions Cut Iran's Oil Exports To Zero, Would Saudi Arabia Really Fill The Void?If Saudi Arabia commits to increase oil production for Trump's Iran sanctions policy, it could destroy the kingdom's leverage in OPEC.
Read more »
A threat in Trump’s back pocket: Shaking up the global oil industryTrump's potential support for anti-oil cartel legislation has members of OPEC holding their breath and could send oil prices into a tail spin
Read more »