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2018-05-14 11:35:00

GLOBAL IRAN SANCTIONS

GLOBAL IRAN SANCTIONS

PLATTSOil futures rallied Wednesday as traders digested the likely consequences of the US withdrawal from the Iran nuclear agreement. ICE Brent crude settled $2.36/b higher at $77.21/b, while NYMEX June crude settled $2.08/b higher at $71.14/b. The July Dubai cash flat price was assessed at $73.90/b on Wednesday, its highest level since it reached $74.205/b on November 26, 2014, S&P Global Platts data shows.

US President Donald Trump announced Tuesday the US will withdraw from the Iran nuclear deal and put "powerful"…

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Tags: IRAN, SANCTIONS, USA, NUCLEAR, OIL, GAS

Chronicle:

GLOBAL IRAN SANCTIONS
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.

GLOBAL IRAN SANCTIONS
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.

GLOBAL IRAN SANCTIONS
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).

GLOBAL IRAN SANCTIONS
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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