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UAE Sheikh Lays Claim to Oil Cargo U S Says Is From Iran

UAE Sheikh Lays Claim to Oil Cargo U.S. Says Is From Iran Bloomberg 3/15/2021 Lucia Kassai and Anthony Di Paola (Bloomberg) The U.S. policy of stopping Iran from exporting oil suffered a setback after a United Arab Emirates sheikh laid claim to a cargo that Washington seized and alleged is from the Islamic Republic. Popular Searches A company controlled by the Emirate of Fujairah’s ruler told a U.S. court that the roughly 2 million barrels of crude was originally from Iraq. Fujairah International Oil & Gas Corp., wholly owned by Sheikh Hamad bin Mohammed Al Sharqi, said it’s an intermediary seller of the oil, according to a claim filed in a federal court in the District of Columbia.

UAE Sheikh Claims Ownership of Oil Cargo U S Says Is From Iran

UAE Sheikh Lays Claim to Oil Cargo U.S. Says Is From Iran Bloomberg 3/15/2021 Lucia Kassai and Anthony Di Paola (Bloomberg) The U.S. policy of stopping Iran from exporting oil suffered a setback after a United Arab Emirates sheikh laid claim to a cargo that Washington seized and alleged is from the Islamic Republic. Popular Searches A company controlled by the Emirate of Fujairah’s ruler told a U.S. court that the roughly 2 million barrels of crude was originally from Iraq. Fujairah International Oil & Gas Corp., wholly owned by Sheikh Hamad bin Mohammed Al Sharqi, said it’s an intermediary seller of the oil, according to a claim filed in a federal court in the District of Columbia.

High and tight - Oil markets prepare for lofty prices and restrained supply | Finance & economics

High and tight A failed attack on a Saudi refinery is only the latest event pushing prices up W HAT A DIFFERENCE a year makes. On March 6th 2020 Saudi Arabia and Russia failed to agree on a deal to restrain production. A price war ensued, with the two giants unleashing millions of barrels of crude just as covid-19 prompted lockdowns and demand dried up. Now Saudi Arabia and other producers are curbing output as demand rises. The price of Brent crude, the international benchmark, briefly climbed above $70 a barrel on March 8th for the first time since May 2019. It dipped a little thereafter, to $68 on March 10th.

ASX rises 0 5pc but tech takes a beating

ASX rises 0 5pc but tech takes a beating
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