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.
Duke and Duchess of Sussex arrive in Ireland for tour
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.
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.
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.
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.
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.
The Donald Trump baby balloon will be going on a "world tour" after Trump's United Kingdom visit concludes, Newsweek is reporting. For people more excited to see the blimp than the man, here's where to spot the 'Trump Baby' , and when.
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.
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.
George Clooney at the 46th AFI Life Achievement Award Gala Tribute at the Dolby Theatre in Los Angeles on June 7, 2018. A health official confirmed that he was taken to the hospital and treated for injuries that were "not serious".
In light of the investigation, the fitness company chose to deactivate the Explore feature in Polar Flow from July 6. Polar has become the latest fitness tracker to be accused of spilling identifying user data to all and sundry.
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.
The man who fell ill after he was exposed to the nerve agent novichok in Amesbury has made a "small but significant improvement". Police are working to establish whether the Britons were exposed to the same poison used in the attack on the Skripals.
The Chelsea defensive midfielder has covered enormous amounts of ground in this World Cup, but it's not just about distance run. Blaise Matuidi was suspended for France's 2-0 quarterfinal win over Uruguay, but he is expected to return to the lineup.
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.
Britain to fine Facebook over data breach
Cambridge Analytica used data from millions of Facebook accounts to help Donald Trump's 2016 presidential election campaign. The watchdog also plans to bring criminal charges against Cambridge Analytica's defunct parent company SCL Elections.
Turkey seeks to detain 271 military for alleged coup ties
The government blames a US -based cleric for orchestrating the coup and has sacked or arrested people suspected of links to him. The state of emergency has been renewed seven times and the latest is officially due to end on July 19.
Thai PM thanks people involved in cave rescue
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".
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).
President nominates Brett Kavanaugh to US Supreme Court
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.
A Single Goal Sends France To The World Cup Final
I am sure that they will show this same attitude against Croatia . "They are an exhaustive team, they know how to do everything". France and Belgium play on the other side of the draw first, with their game scheduled to take place on Tuesday (7pm).