Sorry, you are not login!
VIP members can check the contents after login.
Click to login

  • TOP
  • Moblie
    All Prompt Messages

    Tradesns Foreign Trade Community
    Current page location: Home Page > Article > Crude rises on reports of US push for buyers to cut -
    Crude rises on reports of US push for buyers to cut -
    Browse volume:253 | Reply:0 | Release time:2018-06-29 09:21:36

    --Iran imports

    Crude prices accelerated on Tuesday after reports that the US is pushing big oil consumer nations to cut their imports from Iran following the Trump administration’s withdrawal from the nuclear deal in May.

    A state department official said the US will not offer any waivers to traditional buyers of the country’s oil, after it reimposed sanctions on Iran’s energy sector and exports, which are due to kick in later this year.

    US representatives are set to travel to India and China to persuade them to “go to zero”, Reuters and Bloomberg reported. This would be a change from previous years when Iran was under a previous round of sanctions and special allowances were made.

    Brent crude, the international benchmark, rose by 1.40 dollars a barrel to 76.14 dollars, while West Texas Intermediate, the US marker, increased by 2.20 dollars a barrel to 70.27 dollars. The price moves came despite reports that Saudi Arabia would ramp up output.

    The kingdom and Russia said on Saturday global producers would increase output by 1million barrel per day in response to concerns from consumer countries — namely the US — that had protested the rise in crude prices above 80 dollars a barrel last month.

    Energy analysts have been briefed by the kingdom to expect its domestic output to increase to at least 10.6 million barrel per day in the coming months, with Bloomberg reporting that production could surge to 10.8 million per day in July alone. Saudi Arabia pumped around 10 million per day in May.

    Concern (0
    Commentary(0)
    Share
    Popular
    Relevant
    Three Steps to Your Own Import Export Business
    author
    MariaCullen
    Reply:1 | Release time:2018-12-26 15:39:37
    "Perfect Files and Customs Data for Free" for old friends
    author
    Tradesns.com
    Reply:4 | Release time:2018-04-19 17:59:20
    Content marketing of foreign trade websites
    author
    BowlXu
    Reply:2 | Release time:2019-12-04 14:48:26
    Alibaba Group to take majority control over Alibaba Pictures
    author
    KateBrown
    Reply:0 | Release time:2018-12-12 15:12:01
    China vows to expedite 5G developmen
    author
    BowlXu
    Reply:0 | Release time:2020-04-26 09:29:34
    How to develop customers efficiently
    author
    Leonardolee
    Reply:1 | Release time:2020-12-17 15:15:11
    Good attitude and attitude in foreign trade
    author
    Leonardolee
    Reply:1 | Release time:2021-03-23 16:47:51
    Facebook's Foreign Trade Clearance Cheats
    author
    Leonardolee
    Reply:1 | Release time:2020-12-18 14:31:48
    Attitude determines success or failure
    author
    BowlXu
    Reply:0 | Release time:2019-11-18 10:01:50
    Baidu
    map