referring to Ghassan Salame told the Security Council in a video briefing that unless the issues are addressed it will also "be difficult to advance the political process." The country is now split between rival governments in the east and west, each supported by an array of militias. The Security Council did welcome the National Oil Corp.'s announcement last Wednesday that it was in charge of the oil ports and would resume exports. The seizure prompted the National Oil Corp., with international support, to issue a "force majeure" to halt exports, which are Libya's main source of income. The Security Council condemned attacks by Jadhran's militia against the country's oil infrastructure and said it now expects the National Oil Corp. "to continue its work unimpeded."
collected by :Frank Ithan
Trump administration says North Korea violates sanctions, urges halt to oil transfers
UNITED NATIONS -- The Trump administration shot back at North Korea on Thursday, sending evidence to a U.N. committee showing that North Korea "breached" U.N. sanctions by surpassing the annual cap for refined petroleum products, documents obtained by CBS News reveal. The U.S. report to the U.N. also said that North Korea "tankers have called in port in the DPRK at least 89 times likely to deliver refined petroleum products illicitly procured." The U.S. report also takes some countries to task, China and Russia in particular, that have reported to the U.N. that they continue to sell refined petroleum products to North Korea. The U.S. report came on the same day that President Trump tweeted a "very nice note" from North Korean leader Kim Jong Un. The DPRK-flagged M/T WAN HENG 11 anchored pier side at the Nampo Port facility in the Taedong River on April 16, in the process of delivering refined petroleum products procured via illicit ship-to-ship transfer.Rouhani says US unaware about consequences of Iran oil ban
as declared in Iranian President Hassan Rouhani says his country will stand firm against US threats, and will 'survive' sanctions. Iranian President Hassan Rouhani has pledged his country will stand firm against threats by the United States to halt Iranian oil shipments. "The Americans say they want to reduce Iranian oil exports to zero ... Rouhani noted if the remaining parties could guarantee his country's benefits that Iran would remain in the deal. Earlier on Wednesday, a senior Iranian oil official said Trump's pressure on international firms not to buy Iranian oil will drive prices higher and end up hurting the US economy.Multiple positive news coming on the oil front is helping market sentiment, says HPCL
Multiple positive news coming on the oil front is helping market sentiment, says HPCLMK Surana, CMD, Hindustan Petroleum Corporation Ltd (HPCL) said that there are some positive news which is helping the sentiments in the market being very hawkish. So having those additional barrels in the supply basket is definitely helpful and it gives a wider variety to choose also. While the market is already factoring in certain restrictions, at the same time any positive news on that will be helpful further," he added. "It is very difficult to predict the oil market and everybody attempted to do that has not been successful. He also said that Iran has been a supplier to India and additional supply is definitely helpful.collected by :Frank Ithan
Comments
Post a Comment