• 3 minutes Nucelar Deal Is Dead? Iran Distances Itself Further From ND, Alarming Russia And France
  • 5 minutes Don Jr. Tweets name Ukraine Whistleblower, Eric Ciaramella. Worked for CIA during Obama Administration, Hold over to Trump National Security Counsel under Gen McCallister, more . . . .
  • 9 minutes Shale pioneer Chesepeak will file bankruptcy soon. FINALLY ! The consolidation begins
  • 12 minutes China's Blueprint For Global Power
  • 10 hours EU has already lost the Trump vs. EU Trade War
  • 2 days Science: Only correct if it fits the popular narrative
  • 3 hours Impeachment S**te
  • 2 days Crazy Stories From Round The World
  • 12 hours Pope Proposes New Sin: Thou Shalt Not Destroy The Harmony Of The Environment
  • 17 hours Everything You Need To Know About Trump
  • 10 hours 55.00 WTI
  • 12 hours Water, Trump, and Israel’s National Security
  • 1 day IEA predicts oil demand will grow annually at 1 million barrels a day for the next 5 years
  • 2 days Iran Burning: Shock Gas Price Hike Triggers Violent Protests After Subsidy Cuts
  • 9 hours Visualizing Pennsylvania Oil & Gas Production (Through September 2019)
  • 1 hour Article: Did Exxon only make $39 Million onshore U.S. last quarter ?
  • 2 days Atty General Barr likely subpeona so called whistleblower and "leaker" Eric Ciaramella
  • 2 days ‘If it saves a life’: Power cut to 1.5 million Californians
  • 17 hours Last I Checked

Global Energy Advisory – September 7th 2018

Refinery

Japanese wholesale oil traders are starting to wind down their Iranian oil orders ahead of the November 4 deadline when U.S. sanctions against Tehran are set to kick in. Other large Asian consumers, however, are looking for—and finding—ways to continue importing Iranian crude despite the sanctions.

China, for one, has found a solution by switching to Iranian tankers, property of the National Iranian Oil Company, which are also insured by Tehran. Beijing has made it clear it will not bow to Washington’s pressure--especially amid the escalating trade conflict between the U.S. and China that could see tariffs on another US$200 billion worth of Chinese goods imposed by this week’s end.

Indian state refiners have also shifted to Iranian tankers after the government allowed them to do so as a way of avoiding a violation of U.S. sanctions. India has stated it has no intention to stop importing Iranian oil or harm its trade relation with Tehran in any way but it is in a more difficult position than China as it is officially an ally of the U.S.

This week, State Secretary Mike Pompeo and Defense Secretary James Mattis arrived in new Delhi to push Washington’s “zero imports” strategy. Media reports suggest the “zero import” missions will fail, although India may agree to a reduction to avoid harming its relations with the United States. Pompeo suggested that some temporary waivers might be handed out.

Iran…




Oilprice - The No. 1 Source for Oil & Energy News