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Crude Oil

Iran Opposes Higher Oil Prices, Signaling Divide With Saudis

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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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Crude oil near $71 amid Middle East tensions

U.S. May Become World’s Top Oil Exporter Next Year ; Citigroup Says

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Gold Silver Reports (GSR) – U.S. May Become World’s Top Oil Exporter Next Year ; Citi Says  — The U.S. looks likely to overtake Saudi Arabia to become the world’s biggest oil exporter next year, according to Citigroup Inc. With American production surging to unprecedented levels as OPEC continues curbing output, the U.S. is on course to be the top exporter of crude and oil products in 2019, Citigroup said in an April 25 note.

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

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

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

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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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