techkenyot.com
techkenyot.com February 20, 2019


US Exempts Iran's Chabahar Port From Sanctions In Nod To Afghanistan

09 November 2018, 01:54 | Hattie Nash

Workers at an onshore Iranian oil facility

Workers at an onshore Iranian oil facility

USA oil flirted with bear market territory on Thursday as investor concerns about overproduction sent prices lower. That put WTI down 20.6% from its October 3 high, officially meeting the definition of a bear market.

"The introduction of U.S. sanctions earlier this week against Iran failed to lift the market given the announcement that eight countries, including three of the world's biggest importers, would receive waivers to carry on buying Iranian crude for up to six months", Hansen said.

West Texas Intermediate for December delivery traded 6 cents lower at $60.61 a barrel on the New York Mercantile Exchange at 3:20 p.m.in Singapore. Instinet technical analyst Frank Cappelleri observed that the last time crude experienced a 20% peak-to-trough correction was in 2017, but it took crude almost six months to accomplish that feat.

Italy and Greece have completely suspended purchases in recent weeks.

But a short-term pop to $80 per barrel crude could be coming, say oil experts.

Arsenal held at home by Sporting
And while Nelson may not be a ready-made replacement for Welbeck , Emery says he is keeping a keen eye on his progress. But I think the players were concentrated on the match and we forgot this injury the next minute on the pitch.

Reuters technical commodity analyst Wang Tao said on Friday that "Brent oil may slide further into a range of $68.59-$69.69 per barrel".

Analysts continue to believe that oil's slide is a case of bad timing.

"Iran's situation is better than pre-2016 because of high oil prices and the fact that the United States is isolated this time", the report by Reuters quoted a European diplomat as saying.

On November 5, the United States imposed what the Trump administration has touted as the "toughest ever" sanctions on Iran.

"After extensive consideration, the United States has provided an exception under the Iran Freedom and Counter-Proliferation Act to allow #Afghanistan to continue to import petroleum products from Iran and for shipment of non-sanctionable goods through #Chabahar Port for Afg", tweeted Bass. The waivers, he notes, are temporary and growth in demand is "likely underestimated". From then, to pleading for a waiver by accepting United States terms to reduce oil imports from Iran by a third before sanctions came into place on November 5, reveals a steady succumbing to U.S. pressure. That initially helped keep crude oil prices at multiyear highs, but as Washington granted waivers to the biggest buyers including China, India, and South Korea, investors turned sour on light and sweet.

Meg Ryan and John Mellencamp are engaged: See their creative announcement
The music legend and Granucci are parents to Real Housewives of Beverly Hills star, Teddi Mellancamp. Actress Meg Ryan announced her engagement to rock star John Mellencamp on Thursday.

The Chabahar Port is considered a gateway to golden opportunities for trade by India, Iran and Afghanistan with central Asian countries besides ramping up trade among the three countries after Pakistan denied transit access to India. Perhaps that will come from Libya and Nigeria, which are heading into elections that could lead to sustained periods of instability, further disrupting oil supplies.

Early on Monday the U.S. imposed its "toughest ever" sanctions on Iran that it had earlier lifted after the signing of the nuclear agreement in July, 2015 between Tehran and Russia, China, the UK, France, Germany and the US.

The US has also granted waivers to nearly all key clients of Iran's crude oil for fear of further hikes in oil prices.

That means a short-term rally, if it materializes, could be last-call for oil bulls.

Man shot by police after stabbing spree in Melbourne city center
There were large spots of what appears to be blood near the figure, as were a pair of men's black lace-up shoes. The incident occurred on Bourke Street just outside the Target Centre, near the intersection of Swanston St.



Other News

Trending Now

AMD shows Zen 2-based 7nm EPYC Rome CPU in action
AMD's Mark Papermaster says the new Zen 2 cores offer double the throughput of Zen and twice the floating point performance. We have 2x performance per socket compared to the previous-gen EPYC processor, and this is an insane leap in performance.

Tanker, Frigate Collision Shuts Down Norwegian Oil, Gas to Europe
The Maltese oil tanker was carrying about 625,000 barrels of crude, but officials said none spilled after Thursday's collision. The frigate is believed to be the KNM Helge Ingstad , which took part in NATO's massive Trident Juncture 2018 wargames.

5 reasons why conservatives can support acting Attorney General Matt Whitaker
Earlier, at a White House news conference, Trump said the Mueller investigation was not good for the United States. Whitaker is poised to take over the Russian Federation investigation, a probe he has criticized in the past.

Emma Thompson Asked Prince William for a Kiss at Her Investiture Ceremony!
She plans to use the honor to focus attention on the plight of poor children who don't get adequate food during school holidays. She did, however, wear a fancy suit (adorned with a pin supporting equal pay for women) that measured up to his royal ensemble.

Eddie Jones names his favourite All Blacks
New Zealand go into the game on the back of a 69-31 win over Japan in Tokyo last Saturday with a side featuring eight debutants. But there's a lot of good coaches out there. "You've got to play a certain way against them, there's no doubt about that.

Pakistan secures $1b duty-free access to China
Discussions will also be held pertaining to Pakistan-made products' access to the Chinese markets, the sources said. He had also said that no other country had tackled poverty and corruption the way China did.

Blizzard denies pulling Diablo 4 announcement from BlizzCon 2018
After the debacle at Blizzcon over Diablo Immortal , Blizzard is not stepping away from mobile game development. Executive producer Allen Adham revealed that Blizzard is now working on more mobile titles for all of its IPs.

Some Android apps will soon update even while still in use
Though there's a catch, the app downloads the update when a user is using it, but it gets installed when you reopen the app. There is no specific date mentioned by Google as to when we will see the API in use on Android apps.

Mets shake up coaching staff with eye to key addition
For the first time in over three years, Ruben Amaro Jr. will be part of a Major League Baseball organization's front office. Van Wagenen indicated he will continue to lean on assistant GM John Ricco and special assistant J.P.

Olivier Giroud does not need to score, says Maurizio Sarri
Giroud told BT Sport: "It's true, I was hoping to score soon because I came back late from the World Cup and lacked a bit of luck. He added: "Today I was in trouble, too". "It's very important because then we can talk again about this competition in February".