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Oil Dips On Iran Fears But Brent Breaks $70 On Demand Recovery

Oil Dips On Iran Fears But Brent Breaks $70 On Demand Recovery by Ship & Bunker News Team Tuesday May 18, 2021 Analysts doubt that relations with Iran will be repaired anytime soon: File Image/Pixabay A demand concern lurking in the shadows for crude traders these past few weeks assumed fuller status on Tuesday when Mikhail Ulyanov, ambassador for Russia to the United Nations, said significant progress had been made on reviving the nuclear deal between the U.S. and Iran - and as a result, oil prices dipped. Traders, worried that such a deal would cause Iran to add to global supply by boosting oil shipments, caused Brent to settle down

Oil Prices Falter on Iran Negotiation Reports

by Bloomberg |Tuesday, May 18, 2021 Oil sunk as investors weighed developments in ongoing talks between world powers on a revival of the Iran nuclear deal. (Bloomberg) Oil sunk as investors weighed developments in ongoing talks between world powers on a revival of the Iran nuclear deal, which would bring more supply to the market. Futures in London fell 1.1% on Tuesday after a Russian envoy in Vienna said significant progress has been made in efforts to broker an agreement between Iran and the U.S, the BBC Persian news channel reported. However, the same diplomat, Mikhail Ulyanov, subsequently took to Twitter to play down reports that a major announcement on the matter was likely on Wednesday.

Oil slips amid prospects of progress on Iran nuclear deal talks

Oil slips amid prospects of progress on Iran nuclear deal talks Alex Longley and Andres Guerra Luz, Bloomberg News McCreath: WTI oil will pass US$70/BBL VIDEO SIGN OUT Oil sunk as investors weighed developments in ongoing talks between world powers on a revival of the Iran nuclear deal, which would bring more supply to the market. Futures in London fell 1.1 per cent on Tuesday after a Russian envoy in Vienna said significant progress has been made in efforts to broker an agreement between Iran and the U.S, the BBC Persian news channel reported. However, the same diplomat, Mikhail Ulyanov, subsequently took to Twitter to play down reports that a major announcement on the matter was likely on Wednesday.

Gasoline futures shrug off cyberattack on U S pipeline

Gasoline futures shrug off cyberattack on U S pipeline
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Oil Dips With U S Crude Supplies Topping Half a Billion Barrels

Oil Dips With U.S. Crude Supplies Topping Half a Billion Barrels Bloomberg 4 days ago Andres Guerra Luz (Bloomberg) Oil fell to the lowest in a week after U.S. crude stockpiles topped half a billion barrels and the International Energy Agency said global supplies are plentiful. Futures in New York slipped 0.3% on Wednesday, closing out the longest stretch of declines in more than six months. A U.S. government report showed domestic oil supplies rose for a fourth straight week. Further adding to downbeat sentiment, the IEA said that oil markets are not on the verge of a new price supercycle and any concerns of a supply shortfall are misguided.

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