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2014-03-19 20:00:00

EMBARGO UNLIKELY

EMBARGO  UNLIKELY

SHANA. Iran's Petroleum Minister Bijan Namdar Zanganeh said on Tuesday that the United States will not impose embargo on Russia's oil because of its repercussions on the market.

"The world oil market cannot deal with the [repercussions of the] elimination of [Russia's] oil if Russia is slapped with sanctions, and banning this country's oil is impossible," Zanganeh told Shana.

"Such a thing is impossible to happen because the market cannot tolerate the elimination of Russia's oil," he said.

"It would be very unlikely that the US would be able to…

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Tags: IRAN, RUSSIA, OIL

Chronicle:

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2019, March, 22, 10:20:00

U.S. OIL INVENTORIES DOWN 9.6 MB

US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.

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2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.

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2019, March, 22, 10:10:00

BRITAIN NEED INVESTMENT $265 BLN

Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).

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2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

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