Don't blame Opec, oil producer group says of Trump criticism
11 July, 2018, 15:42 | Author: Regina Silva
Now after the United States pulled out from the Iran Nuclear Deal, India has been in a dilemma over India-Iran trade especially that of oil.
Trump has accused OPEC in recent weeks of driving gasoline prices higher and stepped up pressure on US ally Saudi Arabia to raise supplies to compensate for lower exports from Iran.
OPEC agreed in June on a modest increase in oil production starting in July after its leader, Saudi Arabia, persuaded arch-rival Iran to cooperate, following calls from major consumers to curb rising fuel costs.
"Every day, Mr. Trump has a new message or remark that causes concern in the market, or he gives OPEC members orders that are very insulting", or demands other countries increase their production, Zanganeh said.
Last month, OPEC and Russian Federation agreed to boost production by a million barrels daily to reduce prices that had gotten uncomfortably high for the biggest importers.
President Trump's demand last week that OPEC "reduce prices now" or U.S. military protection of OPEC countries may not continue nearly sounded desperate. If Trump really wants to reduce oil prices in America, he should start there.
On Saturday, a petroleum ministry official told state-run IRNA news agency that the USA sanctions against Iran's oil exports will weaken the OPEC.
4 more boys brought out of cave
So far, divers have rescued four additional boys, which leaves four more and their soccer coach to go. They were all treated for rabies, in case of bats in the cave, and tetanus, and set up with IV drips.
On June 26, the U.S. Department of State said that it has been pushing countries to stop importing oil from Iran by November.
He added that OPEC principles would never allow political pressures to change the directions of the market.
And it would leave the global market tighter than at any time since the oil shocks of 1973/74 and 1979/80, with resulting upward pressure on prices.
Now, President Trump is threatening sanctions against any country that continues to do business with Iran.
South Korea has bought almost 296,000 barrels of oil from Iran in the first five months of the Iranian calendar year (starting on March 21), and is the biggest buyer of Iranian oil after China and India. OPEC is seeking a balance between supply and demand, not targeting a crude price, he said.
The cancellations mean South Korea will import no Iranian oil in August, the first month of zero imports since August 2012 when South Korean buyers put Iranian oil purchases on hold before getting a waiver to import limited amounts of Iran crude.
The father of Mesut Ozil believes that his son was made a scapegoat because of the departure of Germany from the world Cup . Ozil struggled in Russian Federation as Joachim Low's side failed to make it out of Group F.
He also has introduced a bill to rename the street in front of the Chinese embassy in Washington " Liu Xiaobo Plaza". The pale, bespectacled poet, who had long sported a shaved haircut, appeared gaunt and somber in most of the images.
The three-term Republican says the Senate has gotten in the bad habit of treating people as "innocent until nominated". Senate Minority Leader Chuck Schumer promised to opposed Judge Kavanaugh's nomination with everything he has.
They were taken by helicopter to a hospital about 70 km (45 miles) away to join their team mates in quarantine for the time being. A message posted on the English Premier League club's Twitter account said: "Our thoughts and prayers are with those affected".
They have been nine extraordinary years. "At the time, there wasn't the jersey of Belgium, that's why we wore the one of France". Whilst Hazard also added that the performances of the precocious Mbappé could lead to a nomination for the Ballon d'Or.
Republicans changed the Senate's rules a year ago to allow them to confirm a Supreme Court justice with a simple majority vote. Court of Appeals for the 3rd Circuit, where he served at one time with Trump's sister, Judge Maryanne Trump Barry.
Chris was forecasted to begin weakening by Thursday, and become a strong post-tropical cyclone by Thursday night or early Friday. This graphic from the National Hurricane Center (NHC) shows the projected path of Hurricane Chris on Tuesday, July 10, 2018.
Yesterday, Armstrong had posted an emotional tribute to Gradon. "I love you with all my heart my attractive angel", he wrote . According to police , there was no third-party involvement in the death, and a report is being prepared for the coroner.
They will visit Croke Park, the home of Ireland's largest sporting organisation, the Gaelic Athletic Association (GAA). She styled the belted boat-neck pencil skirt dress with a matching wide-brim hat by British milliner Stephen Jones.
The Information Commissioner's Office has issued the maximum fine allowed under the 1998 Data Protection Act, of £500,000. The decision was welcomed by former Cambridge Analytica employee and whistleblower Christopher Wylie.
South African Van Rooyen will take a four-shot lead into the final day of the £5.3million event at Ballyliffin. You sometimes get in a groove, when things just happen and you hit great shots and great putts.
She paired the dress with a matching fascinator by Stephen Jones , gold-and-diamond Cartier earrings, and nude heels. Harry and Meghan later joined royals at a Buckingham Palace reception to mark the centenary of the Royal Air Force.
Manchester City confirm signing of Mahrez
Now it seems City are seeking to get rid of him for good, and Birmingham City are said to be in with a chance of signing him. Mahrez joined Leicester from Le Havre in January 2014 and helped them to a first place finish in the Championship.
4 more boys brought out of flooded Thailand cave
On Sunday, officials waited until several hours after the rescued boys had been transported to hospitals to announce their rescue. Rescue mission chief Narongsak Osottanakorn said it had resumed, with divers re-entering the cave at 11am local time (4pm NZT).
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Next is Hannah Carter , an old friend of Kate Middleton's from Marlborough College who is married to Robert Carter. Accompanying the duchess was Prince William , who held Princess Charlotte and Prince George by the hand.
ANP leader among three others killed in Peshawar blast
According to the reports, the blast took place when Haroon reached the site for the public meeting in Yakatoot area of KP capital. Haroon Bilour was ANP candidate for a provincial seat for the upcoming general elections to be held on July 25 general.
France reach 2018 World Cup final, beat Belgium 1-0
Benjamin Pavard went closer with a shot Courtois saved with his outstretched foot after Mbappe had hypnotized the Belgian defense. It was one of Dembele's last acts as Dries Mertens came on for the midfielder as Belgium chased an equaliser.
All 12 boys and their coach rescued from Thailand cave
Manchester United is greatly relieved to learn that the 12 footballers and their coach trapped in a cave in Thailand are. Some cross the border each day to go to school, a routine that Wassana Saebaew, one of their classmates, knows well.