OPEC output rises 30K bpd in September

Trump, Saudi King Discuss Oil Prices in Telephone Call

This week, oil prices rose above $82 per barrel for the first time since 2014 as Iran is losing its crude exports ahead of Trump's sanctions against it oil sector coming into force early November. Since mid-August, WTI has increased around 17 percent. That's the highest level since November 2014.

Brent for December settlement increased as much as 54 cents to $83.27 a barrel on the ICE Futures Europe exchange and was at $83.17 at 12:22 p.m.in Singapore.

As concerns over a global crunch due to the loss of Iranian oil mount, President Donald Trump and King Salman bin Abdulaziz of Saudi Arabia discussed efforts to maintain supplies.

"Against this backdrop of dwindling Iranian oil supplies, the focus will turn to meek levels of global, or more accurately, Saudi spare capacity", Stephen Brennock of PVM Oil Associates said in a note, according to CNBC. Some market players are predicting the new US-Canada-Mexico free-trade deal will spur more demand.

Sparkling Silva earns Manchester City precious victory
Guardiola - only just back from a touchline ban - was spoken to by Skomina for protesting when Silva was prevented from taking a quick throw.

Saudi Arabia is expected to add oil to the market to offset the drop in Iranian production.

Global crude oil is heading towards to $90 per barrel, the highest since 2014 as a result of looming sanctions against Iran by the US.

Higher oil prices and a strong U.S. dollar could hit demand growth next year, analysts said.

Oil prices rose by 4.1 per cent in the third quarter of this year to $82.72 per barrel, the highest level in almost four years.

College Friend Goes to FBI With Tales of Kavanaugh’s Violent Drunken Behavior
It's not even clear from the report that Kavanaugh was drunk, let alone so drunk as to be in a blackout. I then tried to pull Chris back, and a bunch of other guys tried to pull the other guy back.

That comes as the overall supply of oil looks set to decline, post United States sanctions against Iran and despite increases from Russian Federation and Saudi Arabia. However, China's Sinopec 600028.SS is halving loadings of crude oil from Iran this month, in a sign that pressure from Washington is having an effect.

Oil has risen to the highest in nearly four years in London after OPEC showed little enthusiasm for raising output despite President Donald Trump's demand for lower prices.

Meanwhile, the latest Reuters survey showed that the OPEC's production boost in September was limited by the declining Iranian oil imports ahead of the USA sanctions that are expected to into effect on November 4.

With crude prices soaring and many currencies in emerging markets, including India's rupee and Indonesia's rupiah declining, analysts warn that economic growth may be eroded.

Elon Musk resigns, pays $20m fine in settlement with SEC
Likewise, Tesla will pay another $20 million due to its failure to check whether Musk's announcements complied with the law.

Related news:

Hot News

isis-killer-beheading-video-story-top China 'orders X-Men actress Fan Bingbing to pay massive tax fine'
Oct 03, 2018 - 17:28
The investigation began over Fan's reported income from the upcoming film Air Strike starring Bruce Willis, Xinhua reported . For these violations, the Jiangsu Tax Bureau is fining Fan and her legal representative 880 million yuan.

isis-killer-beheading-video-story-top Trump says he supports 'comprehensive' FBI Kavanaugh probe
Oct 03, 2018 - 16:41
As Republicans fight headwinds ahead of the November 6 midterm election, Trump sought to rally his supporters behind GOP Sen. The poll was conducted September 26-27, one week after McCaskill made the decision to vote against Kavanaugh's nomination.

isis-killer-beheading-video-story-top Saturday's major league roundup: Dodgers clinch majors' final playoff berth
Oct 03, 2018 - 12:20
Instead, they're now headed to Chicago and will have to win the Wild Card game against the Cubs to reach a playoff series. The Giants have played the Dodgers close in the first two games of the series, but haven't been able to beat them.

isis-killer-beheading-video-story-top US, Canada, Mexico trade deal, USMCA, NAFTA details: dairy, auto, dispute resolution
Oct 02, 2018 - 22:14
The United States, Mexico, and Canada are expected to sign the deal by the end of November , 2018. "NAFTA is a proven success". He'll be replaced by President-elect Andres Manuel Lopez Obrador, who tapped Ebrard to be his foreign relations secretary.

Amazon increases its minimum wage to $15
Oct 02, 2018 - 22:02
The pay hike announced by Amazon Tuesday arrives right as retailers head into their most crucial season ahead of the holidays. A public policy team employed by Amazon will begin pushing for an increase in the US federal minimum wage of $7.25 per hour.

isis-killer-beheading-video-story-top Week Ahead: Kavanaugh FBI Investigation, NAFTA Deal And More
Oct 02, 2018 - 22:00
But the President stressed again that Kavanaugh's life had been all but ruined by allegations he suggested were false. She's the second woman who came forward with sexual misconduct allegations against Kavanaugh.

Canadian Donna Strickland third woman to win Nobel physics prize
Oct 02, 2018 - 21:58
And, for the first time in more than half a century, a woman - Donna Strickland - is one of the winners. The Nobel chemistry prize comes on Wednesday, followed by the peace prize on Friday.

isis-killer-beheading-video-story-top Elon Musk Settles With SEC, Quits As Tesla Chairman
Oct 02, 2018 - 21:57
An equity settlement could end up diluting Musk's roughly 19 percent stake in Tesla , further reducing his influence on the board. Former US Vice President Al Gore could be a good fit to replace Elon Musk as chairman, according to one longtime tech analyst.

isis-killer-beheading-video-story-top Shark attacks 13-year-old boy near San Diego
Oct 01, 2018 - 22:55
As of Saturday evening, he was listed in critical condition in the intensive care unit at Rady Children's Hospital. Hammel paddled the victim to shore with the help of an off-duty lifeguard that pulled the vessel while swimming.

isis-killer-beheading-video-story-top Cardi B turns herself in to police over nasty strip club brawl
Oct 01, 2018 - 22:42
This comes after rapper Nicki Minaj last month , said she was left "mortified" after being involved in a scuffle with Cardi B . Jeff Kern, a representative for the 25-year-old rapper, said she received a court summons charging "misdemeanors only".

isis-killer-beheading-video-story-top Houston scientist wins Nobel Prize for breakthrough cancer treatment
Oct 01, 2018 - 18:44
The victor of the Nobel Peace Prize will be named Friday and the economics laureate will be announced next Monday. In 1995, Allison was one of two scientists to identify the ligand CTLA-4 as an inhibitory receptor on T-cells.

isis-killer-beheading-video-story-top Tesla stock roars back after Elon's SEC deal
Oct 01, 2018 - 18:12
Tesla saw its stock price plunging after the SEC filed a lawsuit against Elon Musk over his now infamous "funding secured" tweet . Tesla is due to appoint two new independent directors, with the board expected to oversee Musk's communications with investors.

isis-killer-beheading-video-story-top Canada, US in last-minute NAFTA deal
Oct 01, 2018 - 12:58
They made a joint statement late Sunday night, in which they have named it USMCA (United States-Mexico-Canada Agreement). In August previous year , he started a review of the trade pact with Mexico and Canada that opened up negotiations.

isis-killer-beheading-video-story-top WUHAN OPEN TENNIS: In-form Barty upsets Kerber
Sep 30, 2018 - 19:30
She also became the first woman to reach the last 8 at this year's edition too. Qiang Wang beat Monica Puig 6-3 6-1 in the the other completed quarter-final.

isis-killer-beheading-video-story-top USA tease Woods-Mickelson Ryder Cup pairing
Sep 30, 2018 - 19:13
Trailing by three points, Europe needed McIlroy to try to set the tone and, at the same time, silence a boisterous home support. He and Henrik Stenson are the only players to have beaten the pair of Spieth and Patrick Reed at the Ryder Cup .