Iran Opposes Higher Oil Prices, Signaling Divide With Saudis

Crude Oil

Gold Silver Reports (GSR) – Iran Opposes Higher Oil Prices, Signaling Divide With Saudis — Brent crude futures surged to almost $75 a barrel on Friday as traders braced for the possible re-imposition of U.S. restrictions on Iran. The Persian Gulf country’s regional arch-rival Saudi Arabia is said to want crude closer to $80 a barrel, in part to support a stake sale in state energy giant Aramco. The OPEC nations continue to clash in proxy conflicts from Syria to Yemen.

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Macron Says He Thinks Trump Will Pull Out of Iran Nuclear Deal

Gold Silver Reports – Macron Says He Thinks Trump Will Pull Out of Iran Nuclear Deal — “My view — I don’t know what your president will decide — is that he will get rid of this deal on his own for domestic reasons.” Macron told journalists Wednesday in Washington, adding that he encouraged the American president to stay in the accord during his three-day visit to the U.S. capital.                            

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Crude Oil Down as Trump, France’s Macron Talk Iran Deal

OIL REPORT — 1-U.S. Shale Oil Output to Hit Record High 7.9 Mln Bpd in Dec -EIA

Gold Silver Reports (GSR) – Crude Oil Down as Trump, France’s Macron Talk Iran Deal — U.S. President Donald Trump and French President Emmanuel Macron pledged to seek stronger measures to contain Iran. At a joint news conference, Trump did not repeat threats to withdraw from the 2015 nuclear agreement but made clear he has little patience for it.                             

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Crude Oil Tops $75 on Supply Cuts, Prospect of Iran Sanctions

Crude oil prices fall by $2 on demand concerns, Israel comments

Gold Silver Reports (GSR) – Crude Oil Tops $75 on Supply Cuts, Prospect of Iran Sanctions — Brent crude, the global benchmark, rose to its highest level since OPEC on Nov. 27, 2014 turned its back on curbing output to support prices, a move that triggered a battle for market share and helped deepen a collapse to $27 in early 2016.

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Trump Trade War Spurs India to Import More Oil, Drones From U.S.

Gold Silver Reports (GSR) – Trump Trade War Spurs India to Import More Oil, Drones From U.S. — Asia’s third-largest economy could bridge the surplus by up to $4 billion through oil imports alone, government officials said, asking not to be identified as they are not authorized to speak to the media.

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Crude Oil Rises Amid Shrinking U.S. Surplus as OPEC Prepares to Gather

Crude Oil MCX

Gold Silver Reports (GSR) – Crude Oil Rises Amid Shrinking U.S. Surplus as OPEC Prepares to Gather – Futures in New York briefly surged almost 3 percent on Wednesday to the highest since 2014. An Energy Information Administration report showed shrinking American petroleum surpluses and the first crude withdrawal from the largest U.S. storage complex in six weeks. The U.S. draw-downs underlined optimism that an OPEC-led effort to curb global supplies will be reinforced later this week when the cartel and allied producers gather in Saudi Arabia.

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