Jump to content
Check your account email address ×

Oil Hits 2019 High as United States Ends Iranian Waivers


Recommended Posts

2 minutes ago, Jimmy Snacks said:

I don't want a 15,000 dollar sled...damn you really  are a  feeb. 

nothing to do with sleds . 

how can a painter spend his day on a forum when every one I know is putting in 50s or more and can't keep up even when adding 30% to bids . 

Link to comment
Share on other sites

  • Platinum Contributing Member
11 hours ago, Ez ryder said:

from the painter who obviously can't even land work lmfao 

 

9 hours ago, Ez ryder said:

well then you sit on your phone on fs milking the clock day in day out .

 

 

8 hours ago, Ez ryder said:

not worried just stating the obvious

just a fyi if you invested 1/3 the day time spraying instead of playing on FS you would have new toys and not some one else's old junk 

 

7 hours ago, Ez ryder said:

I don't care just stating the obvious 

 

7 hours ago, Ez ryder said:

nothing to do with sleds . 

how can a painter spend his day on a forum when every one I know is putting in 50s or more and can't keep up even when adding 30% to bids . 

Again worry about your business and if not sleds what "toys" are you talking about...Legos, Tinker Toys.....Big Wheel?

I don't concern myself with how much meth you are cooking and selling but you really shouldn't get high on your own supply.

Edited by Jimmy Snacks
Link to comment
Share on other sites

3 hours ago, Jimmy Snacks said:

 

 

 

 

Again worry about your business and if not sleds what "toys" are you talking about...Legos, Tinker Toys.....Big Wheel?

I don't concern myself with how much meth you are cooking and selling but you really shouldn't get high on your own supply.

poor bitter little man . again pull away from the computer forums go out in the world and improve your situation . you will be a far less bitter person 

Link to comment
Share on other sites

  • Platinum Contributing Member
4 minutes ago, Ez ryder said:

poor bitter little man . again pull away from the computer forums go out in the world and improve your situation . you will be a far less bitter person 

Not bitter at all and you’re here right now....shouldn’t you be working? 

Link to comment
Share on other sites

1 minute ago, Jimmy Snacks said:

Poor Moe Moe The Cuck.

The quality of your retorts has been very lame lately. Sucks when you don't have Slinger to post your thoughts so you can +1 him huh?

Link to comment
Share on other sites

Oil prices fall, pulling back from the week’s six-month highs

PUBLISHED THU, APR 25 2019 • 5:36 AM EDT  UPDATED 5 HOURS AGO
Reuters
 
 
 
 
 
KEY POINTS
  • Poland, Germany and the Czech Republic halt Russian pipeline imports, adding to concerns about the U.S. crackdown on Iranian oil exports.
  • Saudi Arabia and other producers can compensate for Iranian supply losses as the U.S. tightens sanctions, Rystad says.
  • U.S. crude stocks hit 460.63 million barrels, a high going back to October 2017.
Reusable: Rusted oil jacks Texas 150326
Rusted out “pump-jacks” in the oil town of Luling, Texas.
Getty Images

Oil prices turned sharply lower heading into Thursday’s settlement after trading in a tight range much of the day.

Brent crude earlier topped $75 per barrel for the first time in nearly six months as quality concerns halted some Russian crude exports to Europe and the United States prepared to tighten sanctions on Iran.

 

Wednesday’s report of a bigger-than-expected build in U.S. crude inventories last week to their highest since October 2017 was weighing on the U.S. benchmark, analysts said.

U.S. West Texas Intermediate crude settled 68 cents lower at $65.21 per barrel, down 1% and slipping further from this week’s 2019 high at $66.60.

Brent crude futures fell 22 cents at $74.35, breaking a four-day winning streak. Brent earlier hit a session high of $75.60, the strongest since Oct. 31.

105869549-190424fmhrfuturesnow.jpg?v=1556124698&w=750&h=422
 
 
WATCH NOW
VIDEO01:22
Gasoline futures are seeing a sell-off - Here’s how to trade them
 

Poland and Germany suspended imports of Russian crude via the Druzhba pipeline due to contamination.

The pipeline can ship up to 1 million barrels per day, or 1 percent of global crude demand. About 700,000 bpd of flow was suspended, according to trading sources and Reuters calculations.

 

“We consider the quality issues with Russian crude oil as a supply disruption that is happening at the same time sanctions on Iran and Venezuela are impacting supply,” said Andy Lipow, president of Lipow Oil Associates in Houston.

U.S. attempts to drive Iranian oil exports down to zero also boosted prices.

The United States this week said it would end all exemptions for sanctions against Iran.

Iran has been under U.S. sanctions for more than six months, but several major buyers, including China and India, were given temporary exemptions until this week. Beginning in May, those countries have to halt oil imports from Tehran or face sanctions.

The U.S. decision comes amid supply cuts led by OPEC since the start of the year aimed at propping up prices.

105871788-capture.jpg?v=1556193715&w=750&h=422
 
 
WATCH NOW
VIDEO00:54
Saudi Arabia sees first budget surplus since 2014
 

Still, Brian Hook, U.S. special representative for Iran and senior policy adviser to the secretary of state, said on Thursday “there is plenty of supply in the market to ease that transition and maintain stable prices.”

Consultancy Rystad Energy said Saudi Arabia and its main allies could replace lost Iranian oil.

“Saudi Arabia and several of its allies have more replacement barrels than what would be lost from Iranian exports,” said Rystad’s head of oil research, Bjoernar Tonhaugen.

“Since October 2018, Saudi Arabia, Russia, the UAE, and Iraq have cut 1.3 million bpd, which is more than enough to compensate for the additional loss,” he added.

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.

  • Recently Browsing   0 members

    • No registered users viewing this page.
  • Trying to pay the bills, lol

×
×
  • Create New...