Gold Silver Reports (GSR) – Crude Oil Slips Below $70, Dollar Flat – Asian stocks climbed Tuesday, extending a gradual recovery after declines in recent weeks stoked by concerns about the vulnerabilities of emerging-markets in the face of higher U.S. yields, a stronger dollar and costlier energy prices.
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Iran Opposes Higher Oil Prices, Signaling Divide With Saudis
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.
U.S. May Become World’s Top Oil Exporter Next Year ; Citigroup Says
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.
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.