Do not blame OPEC, oil producer group says of Trump criticism

American oil producers may find a new friend in India as they brace for a trade war with China that could curb US shipments

Surging prices led Trump to take to Twitter on July 4, accusing OPEC of "doing little to help" and urging the group to "REDUCE PRICING NOW!"

On Saturday, a petroleum ministry official told state-run IRNA news agency that the US sanctions against Iran's oil exports will weaken the OPEC. In May, Washington announced it was walking away from an worldwide deal on Iran's nuclear program, and said it would impose fresh sanctions on Iran's energy sector.

"There hasn't been a significant change in our production and exports so far, and in response to US actions Iran will advance according to its plans and policies", Zanganeh said.

After pulling out of the Iran Nuclear Deal, the United States has asked India to stop importing oil from Iran.

"I have not seen the package personally, but our colleagues in the foreign ministry who have seen it were not happy with its details", Zanganeh was quoted as saying by Tasnim news agency.

Liverpool confident of signing Xherdan Shaqiri from Stoke City
A deal for the Lyon captain may yet be resurrected after France's World Cup campaign, however. Fekir is now part of the French squad which have made it to the World Cup final.

Based on that assumption, they added, zero Iran exports could push oil up by $US50 a barrel if Saudi Arabia caps out.

"Trump sends every day a new message that creates uncertainty in the oil market", Bijan Zanganeh said in an interview with Iranian broadcaster IRIB.

Brent, the global benchmark, is now trading at $US77 a barrel.

US light crude futures were up 47 cents, or 0.7 percent, at $74.32.

Official data that came out on Thursday, a day later than normal due to the July 4 public holiday, showed inventories at Cushing, the delivery point for United States crude futures, fell to their lowest in 3-1/2 years.

France beats Belgium to advance to final (highlights, live updates recap)
All said and done, this has the ingredients for a modern classic and could decide the victor of the 2018 World Cup. Samuel Umtiti , who anchors Les Bleus's back line, will be key in managing the pace and thwarting Belgian advances.

In Canada, an outage at the 360,000-barrel per day (bpd) Syncrude oil sands facility reduced flows into Cushing, Oklahoma, the delivery point for USA futures.

Concerns that oil prices will be weighed down by a trade conflict between the USA and China have faded to some extent, analysts said. Drillers added five oil rigs in the week to July 6, bringing the total count to 863.

But assuming sanctions apply only to crude, the global market would still need to replace more than 2 million barrels per day (bpd) of Iranian exports from the start of November.

Crude oil could surge to more than $US120 a barrel, according to Bank of America Merill Lynch analysts, if the Trump administration were to order a complete cut-off of Iranian barrels before the end of the year.

Turkey sacks 18500 state employees Turkey sacks 18500 state employees
In the new decree, 3,077 army soldiers were also dismissed, as well as 1,949 air force personnel and 1,126 from the naval forces. In addition, the decree states that 148 people, fired by previous decrees, are reinstated in the public administration.

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