Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
  • CRYPTO REWARDS!

    Full endorsement on this opportunity - but it's limited, so get in while you can!

Despite the sanctions, America imported Iranian oil for the first time in 30 years


yota691
 Share

Recommended Posts

 
27700.jpg
 
  

 Arab and international


Economy News _ Baghdad

Reuters revealed, on Monday, that the United States of America imported Iranian oil during the year 2021, despite the sanctions imposed on Tehran, noting that this is the first time in 30 years.

Data from the US Energy Information Administration showed, "The United States imported a rare shipment of 1.033 million barrels of Iranian crude last March, despite the sanctions imposed on the Iranian energy sector."

The energy data indicated that "the shipment represents the second import of oil from Iran by states since late 1991.

The United States of America imposes sanctions targeting the oil sector in Iran by placing entities and individuals on the US sanctions list, including Iranian Oil Minister Bijan Namdar Zanganeh, on the grounds that they support the Iranian Revolutionary Guard.

In September 2019, the United States announced its intention to impose sanctions on any country that deals with or buys oil from Iran, after the Trump administration withdrew from the nuclear deal with Iran.

 
 
Number of observations 123   Date of addendum 05/31/2021
  • Thanks 6
  • Upvote 2
Link to comment
Share on other sites

 
  •  
 2021-05-31 02:03
 

Shafaq News / Reuters revealed, on Monday, that the United States of America imported Iranian oil during the year 2021, despite the sanctions imposed on Tehran, noting that this is the first time in 30 years.

Data from the US Energy Information Administration showed, "The United States imported a rare shipment of 1.033 million barrels of Iranian crude last March, despite the sanctions imposed on the Iranian energy sector."

The energy data indicated that "the shipment represents the second import of oil from Iran by states since late 1991.

The United States of America imposes sanctions targeting the oil sector in Iran by placing entities and individuals on the US sanctions list, including Iranian Oil Minister Bijan Namdar Zanganeh, on the grounds that they support the Iranian Revolutionary Guard.

In September 2019, the United States announced its intention to impose sanctions on any country that deals with or buys oil from Iran, after the Trump administration withdrew from the nuclear deal with Iran.

  • Thanks 3
  • Upvote 2
Link to comment
Share on other sites

20 minutes ago, DoD said:

For the folks still on the fence about this new administration in office here in the USA this should be the decided article for you. 

Biden shut down the construction of an American pipe line here in the states and starts buying oil from a terrorist regime.
 

Enough said 

More pay for play. We see it, but too many people are getting paid off. We need to "$TOP THE MONEY TRAIN"

  • Upvote 6
Link to comment
Share on other sites

Just now, jg1 said:

More pay for play. We see it, but too many people are getting paid off. We need to "$TOP THE MONEY TRAIN"

I complained to a democrat co-worker and his solution was to get a government job.

  • Haha 2
  • Pow! 2
Link to comment
Share on other sites

 
  •  
 2021-05-31 12:59
 

Shafaq News / OPEC sources said that the "OPEC +" alliance is likely to stick to the current pace of a gradual easing of oil supply restrictions at a meeting on Tuesday, while producers are balancing expectations of a recovery in demand and a possible increase in crude supplies from Iran.

 

In April the Organization of the Petroleum Exporting Countries and its allies, who make up what is known as "OPEC +", decided to return 2.1 million barrels per day of supplies to the market from May to July, with their expectation that global demand would rise despite the increase. Severe cases of Coronavirus in India.

 

Since that decision, oil has continued to rise this year and recorded gains of more than 30% so far in 2021, and Brent crude reached the world record of $ 70 a barrel. But the prospects of increasing Iranian production while Tehran makes progress in talks to revive its nuclear deal have limited this upward trend.

 

Mohammad Barkindo, OPEC Secretary-General, said he did not expect the increase in Iranian supplies to cause problems.

 

"We predict that the expected return of Iranian production and exports to the global market will take place in an orderly and transparent manner," he added in a statement.

 

The experts of the OPEC + Joint Technical Committee held a meeting on Monday. The committee confirmed OPEC’s expectations for a big jump of 6 million barrels per day in global oil demand in 2021, which will be concentrated in the second half of the year.

 

Tuesday's meeting is expected to be attended by the oil ministers of OPEC + countries.

 

Two other OPEC + sources said on Monday that they do not expect the alliance to make a decision on production policy after July because the outlook for the Iranian supply is not yet clear.

 

OPEC plans to hold another meeting on June 24.

 

The OPEC + Joint Monitoring Committee also revised global supply to reduce by 200,000 barrels per day and now expects a deficit of 1.4 million barrels per day in 2021 compared with the 1.2 million barrels per day in its previous estimates, according to a document seen by Reuters, an indication that stocks will decline faster than Expected.

 

OPEC + cut production in record quantities amounting to 9.7 million barrels per day last year with the collapse of demand, and most of those cuts are still in effect.

  • Thanks 2
  • Sad 1
  • Upvote 1
Link to comment
Share on other sites

OPEC Plus is meeting today ... and all eyes are on the global demand and the return of Iran's supplies

Abuja and Tehran curb the organization's production rally in May
Tuesday - 20 Shawwal 1442 AH - 01 June 2021 AD Issue No. [15526]
 
 
1622475075585201300.jpg?itok=R_OjSZvw
The Secretary-General of "OPEC" reduces the effects of the return of Iranian oil to the market (Reuters)

OPEC sources said that the OPEC Plus alliance is likely to stick to the current pace of a gradual easing of oil supply restrictions at today's meeting (Tuesday), while producers are balancing expectations for a recovery in demand and a possible increase in crude supplies from Iran.
In April, the Organization of the Petroleum Exporting Countries and its allies, who make up what is known as "OPEC Plus", decided to return 2.1 million barrels per day of supplies to the market from May to July, with their expectation that global demand would It will rise despite a sharp increase in coronavirus infections in India.
Since that decision, oil has continued its rally this year, recording gains of more than 30 percent so far in 2021, and Brent crude has reached the world record of $ 70 a barrel. But the prospects of increasing Iranian production as Tehran makes progress in talks to revive its nuclear deal have limited this upward trend.
Muhammad Barkindo, OPEC Secretary-General, said he did not expect the increase in Iranian supplies to cause problems. "We predict that the expected return of Iranian production and exports to the global market will take place in an orderly and transparent manner," he added in a statement.
The experts of the Joint Technical Committee of «OPEC Plus» held a meeting, yesterday (Monday). The committee confirmed OPEC’s expectations for a big jump of 6 million barrels per day in global oil demand in 2021, which will be concentrated in the second half of the year.
Tuesday's meeting is expected to be attended by the oil ministers of OPEC Plus countries. Two other OPEC Plus sources said, according to "Reuters", that they do not expect the alliance to make a decision on production policy after July, because the expectations for the Iranian supply are not yet clear. OPEC plans to hold another meeting on June 24.
The OPEC Plus Joint Monitoring Committee also modified the global supply by reducing by 200 thousand barrels per day, and now expects a deficit of 1.4 million barrels per day in 2021 compared with the 1.2 million barrels per day in its previous estimates, according to a document seen by Reuters, a reference Indicates that stocks will decline faster than expected.

 
OPEC Plus reduced production in record quantities amounting to 9.7 million barrels per day last year with the collapse of demand, and most of those cuts are still in effect.
Meanwhile, Iranian Oil Minister Begin Zanganeh said yesterday (Monday) that Iran's crude production could easily reach 6.5 million barrels per day when the US sanctions are lifted.
He added that the increase in Iranian oil production will enhance the political influence of the country, which is in talks with world powers to lift the US sanctions that prevent it from pumping at its full capacity since 2018.
Former US President Donald Trump withdrew from the Iran nuclear deal signed in 2015 with six world powers 3 years ago, and reimposed sanctions that crippled the oil-dependent economy.
Yesterday, a Reuters survey showed that OPEC oil production increased in May, with the organization agreeing to ease supply restrictions under arrangements with allies, but a decline in Iranian exports and involuntary cuts by African members such as Nigeria limited the increase.
The 13-member Organization of the Petroleum Exporting Countries pumped 25.52 million barrels per day in May, according to the survey, an increase of 280,000 barrels per day from April. Production has increased every month since June 2020 except for February.
OPEC and its allies, in what is known as the "OPEC Plus Alliance", decided, starting from May 1, to reduce the record supply cuts that were decided in 2020.
The OPEC Plus agreement allows for an increase of 277 thousand barrels per day in OPEC production in May, compared with April. Saudi Arabia has pledged to increase 250 thousand barrels per day within the framework of a plan to gradually reverse the voluntary reduction of one million barrels per day that was implemented in February, March and April.
OPEC's commitment to pledged cuts was 122 percent in May, according to the survey, compared with 123 percent in April.
  • Thanks 2
  • Upvote 1
Link to comment
Share on other sites

 
27718.jpg
 
  

 Arab and international


Economy News _ Baghdad

Three OPEC sources told Reuters that OPEC + will likely stick to the current pace of gradually easing oil supply restrictions at Tuesday's meeting, as producers weigh their expectations of a recovery in demand against a possible increase in Iran's supply.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, in the group known as OPEC +, decided in April to return 2.1 million barrels per day of supplies to the market from May to July, as they expected an increase in global demand despite the high number of coronavirus infections. in India.

Since the adoption of this decision, oil prices have been on the rise and gained more than 30% since the beginning of the year. However, the possibility of increasing production from Iran, with progress in talks to revive its nuclear deal, has limited the upward trend. Brent crude has risen to $ 70 a barrel today, Tuesday.

Mohamed Barkindo, OPEC Secretary-General, said he did not expect Iran's oversupply to cause problems.

"We expect the expected return of Iranian production and exports to the global market in an orderly and transparent manner," he added in a statement.

OPEC + sources said that the group's experts confirmed earlier expectations for a big jump of 6 million barrels per day in oil demand in 2021 as the world recovers from the Covid-19 pandemic.

OPEC + sources said they did not expect the group to make a decision on production policy beyond July because Iranian supply forecasts were unclear. Another OPEC meeting is scheduled for 24 hours. June.

OPEC + cut production by a record 9.7 million barrels per day last year as demand collapsed. From July, OPEC + cuts will be trimmed to 5.8 million bpd.

 
 
Number of observations 37   Date added: 06/01/2021
  • Thanks 2
  • Upvote 1
  • Pow! 1
Link to comment
Share on other sites

15 hours ago, gregp said:

I gambled heavier on Iran than any other currency. 
One shall find out.....

:cigar:

No wonder Iran is much cheaper than vietnam dong and iraq. Even if i say if iran rv at least 10 cents, there would be a huge profit already. I think most dinar holders already invested heavily on iran currency.

  • Upvote 2
Link to comment
Share on other sites

  • 3 weeks later...
23 minutes ago, eastcreek said:

It saddens me to have to say, our current administration is actively pursuing the overthrow/submission of our country. IMO, Biden is pure puppet. He simply is too mentally impaired to realize it.

 

The Dems knew this when they pushed/backed his nomination for president. IMO This was

Pelosi's and the others plan all along.

  • Upvote 4
Link to comment
Share on other sites

12 minutes ago, nannab said:

 

The Dems knew this when they pushed/backed his nomination for president. IMO This was

Pelosi's and the others plan all along.

Exactly! You could tell by the way they manipulated the primaries. There were plenty of better candidates, but they never even had a chance. They wouldn’t even allow Tulsi Gabbard on the debate stage after a certain point. 

  • Thanks 1
  • Pow! 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.