Oil prices plunged about 5 per cent on Tuesday to two-month lows as a sell-off in global equity markets raised worries about demand growth and after Saudi Arabiasaid it could supply more crude quickly if needed, easing concerns ahead of U.S. sanctions on Iran.
Khalid al-Falih said if the kingdom has to use its oil reserves if it wants to cover 3 million barrels per day of oil loss from Iran.
The United States warned Russian Federation on Sunday about assisting any potential Iranian attempts to evade an upcoming round of U.S. sanctions against the Islamic Republic, scheduled to take effect on November 4, months after U.S. President Donald Trump withdrew America from the 2015 nuclear deal.
India can probably do without importing Iranian crude oil, the chairman of a Switzerland-based think tank told Times of India on Tuesday, but warned that the trade wars and tariffs are more worrisome for India's economy.
The minister reiterated that the market is unable to find a replacement for Iran's oil, urging Trump to abandon his plan to impose sanctions on the country.
"Saudi Arabia is a completely responsible country".
"Saudi Arabia's energy minister has dealt a fresh heap of bearish fodder onto the energy complex", quipped PVM Oil analyst Stephen Brennock.
Ministry confirms U.S. warships' Strait activity Chinese security experts blasted the move by saying it suggests Washington would stand by Taiwan in case of a crisis with China. Navy has conducted such transits through the Taiwan Strait for years but have not publicized the transits since 2007.
The pledge comes despite Saudi Arabia's previous threats to retaliate to any sanctions with "greater action".
USA crude fell US$3.17, or 4.6 per cent, to US$66.19 a barrel, after hitting a session low of US$65.74, the lowest level since August 20.
Additionally, Fatih Birol, executive director of the International Energy Agency (IEA), said on Monday that other producers may struggle to fully make up for the expected Iran disruption, and that oil prices could rise further. "We work to stabilize global markets and to facilitate global economic growth", he added.
J.P. Morgan said it raised its 2019 Brent price forecast by a whopping $20.50 per barrel to $83.50 saying this "bullish argument is strongly driven by tighter supply due to Iranian sanctions and declining spare capacity".
There has been concern that just as markets tighten with the start of the US sanctions against Iran, Saudi Arabia could cut crude supply in retaliation for potential sanctions against it over the Khashoggi killing.
Saudi's foreign minister Adel al-Jubeir said to U.S. broadcaster Fox: "This was an operation that was a rogue operation".
"The big unknown is how much Iranian oil will be off the market and we'll know in about a month's time".
He said the Saudis did not know how Mr Khashoggi, a Saudi national and U.S. resident, had been killed or where his body was. They are said to have threatened him with being drugged and kidnapped and then killed him in a chokehold when he resisted.
That hasn't slowed down iFixit from tearing down the Pixel 3 and Pixel 3 XL to reveal all it can about the upcoming handsets. For example, this could simply be a policy change created to circumvent the current situation Verizon's now finds itself in.
It is available in five colors with a price tag of $749 in the United States, £749 in the UK, and over 849 in Continental Europe. Customers who choose not to preorder will be able to play with and purchase the model in Apple stores starting on October 26.
The hostage situation began at 12.45pm and police closed the railway station and Breslauer Platz square behind the station. Police said the situation was considered "under control" and there was no immediate suspicion of a link to terrorism.
"Hitting the National Football League with the advertisers is the only way to really hurt them", she added. Well, we can knock off Rihanna from that list of possibilities, although her refusal hasn't been confirmed.
Meghan Markle has confirmed while on a royal tour of Australia that she's the type of guest anyone would like to invite over. Pupils from Trinity Grammar forgot to remind Prince Harry and Meghan about the loud noise generated by the miniature cars.
But on Wednesday, Trump told reporters: "We've asked for it ... if it exists" - before adding that it "probably does" exist. Trump said he hoped the Saudis' own investigation of Khashoggi's disappearance would be concluded in "less than a week".
The Houston Astros , like many Machado, are doing everything possible in the last two days or so to ruin their reputation. After Nunez departed, Devers failed to come up with a hard grounder that cost the Red Sox a run in the fifth inning.
Netflix is the first of the so-called Faang companies (Facebook, Apple , Amazon, Netflix and Google) to report this quarter. Net income came in at 89 cents per share, beating Wall Street's number by 21 cents a share.
There were nervous looks in the Bayern ranks on 57 minutes when Robben was dismissed after a foul on midfielder Elvis Rexhbecaj. Hoeness has never made a secret of the fact that he regards the reputation of Bayern Munich as his lifetime achievement.
That last slot is typically designated for Stephen Curry , the cornerstone of the franchise and leader of its historic turnaround. This season's team will split the difference between last season's "Ugh, do we have to?" campaign and the 2015-16 tour de force.
After his talks in Riyadh on Tuesday, Pompeo was expected in Turkey today to meet Turkish Foreign Minister Mevlut Cavusoglu. Pompeo was asked point-blank if the Saudis told him whether the journalist is alive or dead.
Mexico's Government has said throughout the past week that it would register the migrants and process requests for asylum. Mexico's federal government said on October 20 that almost "900 migrants" arrived in the country via unauthorized means.
Turkish sources allege he was killed by a 15-strong team of Saudi agents but Riyadh insists that he left the consulate unharmed. Mediaite reports the CNN claim is that the Middle East nation is preparing a report that will admit Khashoggi's death.
Purdue was really just manhandling the Ohio State offensive line and not letting them establish a run game at all. Kyle Murray threw four touchdown passes as the No. 9-ranked Sooners erupted to a win over the host Horned Frogs.
The show's creator, Cheo Hodari Coker , tweeted his thanks to the cast and production crew as well as to Marvel and Netflix . Some speculate Disney's streaming service, although Bob Iger has already indicated that it won't cater to R-rated content.
More high-end manufacturers such as Samsung are likely to be able to absorb the cost by increasing the price of their devices. If companies want Facebook , Instagram, Snapchat, and other major apps on their devices, paying Google is the easiest way in.
They are charged with vandalism after CCTV footage showed them spray-painting a 13th Century red brick wall near Tha Phae Gate. Lee Furlong and Brittney Schneider, both 23, were arrested at a hostel in Chiang Mai on Friday, Thai Rath News reported.
Despite most of the area being in the middle of one of the worst droughts NSW has seen, rain is forecast for most of Wednesday. When Harry reached out to meet a five-year-old boy, who has been identified as Luke Vincent , he was in for a surprise.
So if your messaging settings currently allow you to receive messages from strangers, you may want to change them for now. Fortune has reached out to Sony and PlayStation for comment, and will update this story in the event that they respond.
Combine this with the pretty frightful weather we've had overnight and it doesn't give you very good driving conditions. This video, taken by Tom Hurley, shows the waves coming over the sea wall and the seafront road submerged in water.
This week's mishap marked the fourth time in the Soyuz program history that the ballistic mode of re-entry has occurred. But questions still swirl about Hague's future schedule, as well as the bigger picture of space station staffing .
No Israeli troops were harmed, but at least 140 Palestinians were wounded by live bullets in one of the deadliest days in months. In recent weeks, it has stepped up its campaign, holding nighttime protests and adding new locations, such as along the beach.