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.
MCX Crude
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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.
Donald Trump will Withdraw from the Iran Nuclear
Gold Silver Reports (GSR) – French President Emmanuel Macron said he thinks U.S. President Donald Trump will withdraw from the Iran nuclear accord, dealing a blow to the six-nation agreement reached in 2015 and endorsed by world powers.
India’s Crude Oil import Rise 20Percent to $105 bn in FY19
Gold Silver Reports (GSR) – The government under Budget 2018 allocated Rs 24,933 crore as petroleum subsidy for the present financial year 2018-2019, a mere 2% increase over the Revised Estimate of Rs 24,460 crore allocated last financial year.
Crude Oil Down as Trump, France’s Macron Talk Iran Deal
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.
India’s Crude Oil Imports Rise 2.9% In March
Gold Silver Reports (GSR) – India’s Crude Oil Imports Rise 2.9% In March – India’s crude oil imports rose 2.9 percent (YoY) to 18.7 million tonnes in March.
Trump Slams OPEC for Inflating Prices, Crude Oil Erases Gains
Trump Slams OPEC for Inflating Prices, Crude Oil Erases Gains -Crude Oil fell in New York after U.S. President Donald Trump criticized OPEC and said crude prices are “artificially Very High.” Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully …
Oil Retailers Fall As Brent Crude Tops $74
Gold Silver Reports (GSR) – Crude Oil Retailers Fall As Brent Crude Tops $74 — Shares of the state-run oil retailers fell after Brent Crude price rose above $74 a barrel, its highest level since May 2015.
Crude Oil Rises Amid Shrinking U.S. Surplus as OPEC Prepares to Gather
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.