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

Iranian oil minister calls Trump's order to OPEC insulting

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.

Love Island star's boyfriend dies weeks after her death
According to police , there was no third-party involvement in the death, and a report is being prepared for the coroner. Sophie, 32, who appeared on the second series of Love Island , and was a former Miss Great Britain, died on June 20.

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.

Wimbledon 2018 -- Serena Williams reaches Wimbledon semifinals
The Swiss legend, 36, is hoping to win a record-breaking ninth Wimbledon title but could be tested by South Africa giant Anderson. Williams is seeded 25th after returning from having a baby, but is looking like her usual dominant self on the grass courts.

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.

United Kingdom police warn World Cup revellers after disorder
They worked in '98 and we worked today, we reached out target to get to the final, I'm very satisfied". We savour [the win] a little, but we must now focus on the final.

Related News:

  • UK regulator to fine Facebook over data breaches

    UK regulator to fine Facebook over data breaches

    The scandal took place before new European Union data protection laws that allow much larger fines came into force. The ICO said it expects to have wrapped up these investigations by the end of October.
    Justin Bieber & Hailey Baldwin Caught Smooching In Public

    Justin Bieber & Hailey Baldwin Caught Smooching In Public

    The two began hanging out and were seen together but had been denying that their romance was back on. The video of both the celebs of making out in a park in the NY city went viral.
    France progress to World Cup final with 1-0 win over Belgium

    France progress to World Cup final with 1-0 win over Belgium

    The first of the two semifinal matches are set to be played. "They are an exhaustive team, they know how to do everything". More than 95% of the money has come in for over 2.5 in the total goals market, including one bet of $6,000 at $2.15.
  • All those rescued from Tham Luang cave in good condition

    All those rescued from Tham Luang cave in good condition

    They underwent X-rays and blood tests and will remain under observation in the hospital for at least seven days. Rescuers worked in three stages, rescuing the first group of four boys in a total of nine hours on Sunday.
    President Trump announces Supreme Court pick

    President Trump announces Supreme Court pick

    Circuit Court of Appeals past year . "There is no question in my mind regarding Brett for the Supreme Court". Those views could have implications for independent counsel Robert Mueller's investigation of Trump.
    Theresa May holds cabinet meeting as SNP back snap election

    Theresa May holds cabinet meeting as SNP back snap election

    The tousle-headed blond Johnson is one of Britain's best-known politicians, and one of the most prominent advocates for Brexit. And asked whether Mrs May would fight a no-confidence vote if one was called, a senior Number 10 source said simply: "Yes".
  • Thai Cave Rescue: Sixth Boy Leaves, Six Soccer Players and Coach Remain

    Thai Cave Rescue: Sixth Boy Leaves, Six Soccer Players and Coach Remain

    Four boys were retrieved from the cave Sunday, with Narongsak noting that the healthiest boys were removed first. Extracting everyone could take up to four days, but the initial success raised hopes that could be done.
    Royals back on the balcony for Royal Air Force 100th anniversary celebrations

    Royals back on the balcony for Royal Air Force 100th anniversary celebrations

    The first F-35 B Lightning stealth aircraft piloted by Wing Commnder John Butcher touches down at RAF Marham. Justin Welby, presided over Louis' christening, just as he did for Meghan's baptism and confirmation.
    Eden Hazard Discusses Real Madrid Amid Chelsea Exit Rumours

    Eden Hazard Discusses Real Madrid Amid Chelsea Exit Rumours

    He later played down the comment, but doubts over his future at Madrid lingered, especially after he had also threatened to leave the previous year.
  • Polar fitness app exposed location of soldiers and government agents

    Polar fitness app exposed location of soldiers and government agents

    Polar monitors heart rate, location , route, date and time of the training, the information can be shared on the social platform. What this is actually saying is that users have the option to mark their data as private via the user profile page in the app.

    Turkey to Be Transformed as Erdogan Sworn in With Vastly Expanded Powers

    There are 16 ministers in Erdogan's streamlined new cabinet, which Erdogan has said will be more efficient and act faster. After taking his oath , Erdogan visited the mausoleum of Mustafa Kemal Atatürk, the founder of modern Turkey .
    Britain's Prince Louis to be christened without Queen

    Britain's Prince Louis to be christened without Queen

    She kept her eye on the press pack as she and the rest of the family headed off for a private afternoon tea at Clarence House . Royal children typically get multiple godparents: Prince Charles has eight, Prince William has six and Prince George has seven.


Most liked

‘Scapegoat Ozil should quit German team: father
The 29-year-old Arsenal midfielder has received some hefty criticism for his performances and his meeting with Turkey's president Recep Erdogan.

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.

Where to score a selfie with Trump Baby in London
The blimp has been granted permission to rise above the British Parliament for two hours on Saturday, after Trump arrives in the UK.

Watchdog urges record £500000 fine for Facebook over Cambridge Analytica data scandal
It's also about half of what the Spanish data protection authorities past year extracted from to the firm for privacy failings. The firm had links to Donald Trump's presidential campaign in 2016 and had been under investigation by ICO since May 2017.

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.

Neville slams 'absolutely disgusting' criticism of Man City star by England fans
Beckham and Sir Geoff Hurst, though, defended Sterling's displays after the quarter-final win against Sweden. Raheem Sterling has been criticised for his performances at the World Cup .

Food firm with King's Lynn factory recalls products over listeria contamination fear
A spokeswoman for Fine Fare Food Market, which operates both chains in the UAE, confirmed that shoppers will receive a full refund.

Drake breaks Beatles historic record
Since the release of Drake's latest LP Scorpion , the Canadian artist has dominated the tops spots of the Billboard Music charts. The Toronto performer's new release " Scorpion " has become his eighth No. 1 on the Billboard 200 in the United States.

Trump administration halts billions in insurance payments under Obamacare
Some health care experts, however, believe that risk adjustment has caused more damage than good and needs urgent fixing. The move brought a sharp response from health insurers warning of market disruptions and higher costs.

Misfiring Olivier Giroud making unwanted World Cup history for France
With Belgium and France contesting the other semi-final, City have seven players who have made the semi-final stage. This summer, he has managed to become Belgium's all time top scorer with 40 goals.

ANP leader among 12 martyred in Peshawar blast
Qazi Jameel said that more than 30 people were injured in the explosion, who have been shifted to Lady Reading Hospital. Meanwhile, Bilawal Bhutto Zardari said the attack was a threat to democracy and the democratic process.

Green Day’s ‘American Idiot’ Is Topping UK Charts Upon Trump’s Visit
In 2010, President Trump saw the Broadway musical 'American Idiot , ' based on the Green Day album by the same name. Its renewed success is down to a fan campaign aiming to increase the song's popularity and get it to No.1.

Trump announcing his SCOTUS nominee in prime time
Supreme Court nominee Judge Brett Kavanaugh is seen in the East Room of the White House in Washington, U.S., July 9, 2018. A divided Supreme Court ultimately upheld that mandate as a tax. "I look forward to following the U.S.

France take on Belgium for a place in the final
The former Everton boss used a four-man back line against Brazil after using a three-man defense for the previous four matches. In the semifinal, both sides will play a game of "pick your poison" in what promises to be an energetic, back-and-forth match.

Trump preparing additional tariffs on $200B in Chinese goods
A ship carrying US soybeans took off for China last week just before the Asian country's retaliatory tariffs went into effect. Senate Finance Committee Chairman Orrin Hatch, R-Utah, responded to Lighthizer's announcement with dismay.