In the week ended December 29, 2017, USA crude oil inventories are expected to fall below 425 MMbbls (million barrels) for a further upside in oil prices.
Iran's crude oil production and exports have not been impacted by the unrest spreading across the country, Iranian oil and shipping sources said on Tuesday, as a crackdown intensified against anti-government demonstrations that began last week.
Oil prices rebounded in mid-morning trade on Thursday, having earlier sunk after the International Energy Agency increased its forecast for USA oil output growth in 2018, raising the prospect of excess supply.
U.S. West Texas Intermediate (WTI) crude futures settled at $60.42, the highest close since June 2015.
A possible rise in U.S. oil production may pose a threat to higher oil prices.
Iran, OPEC's third-biggest oil producer, pumps around 3.8 million barrels per day.
Russian Energy Minister Alexander Novak has said that 2018 oil production is expected to stay at 547 million tonnes if the cuts last until the end of the year, as agreed.
Brent crude prices were up 0.22 per cent at $67.02 per barrel this morning after hitting $67.27 earlier in the day, a high not seen since May 2015.
Protesters also attacked police stations elsewhere in Iran late into the night on Monday, news agency and social media reports said.
Oil markets have been supported by a year of production cuts and strong demand from China. Inventories are down by nearly 20% from historic highs last March, and well below this time in Y 2016 or in Y 2015.
Only rising US production, which is on the verge of breaking through 10 million bpd, is weighing on the price outlook for 2018.
Customs and Border Protection's processing systems caused delays at some of the nation's biggest airports on New Year's Day . All airports were back on line after wait times for travelers that were longer than usual, it said.
Craig Pawson , the referee, failed to spot the clash, which allowed the FA to punish the in-form full-back retrospectively. I was surprised, and then next corner I asked him, "Why did you do that?", and he said, "I didn't do anything".
She led the country from back-to-back civil wars and saw it through a deadly Ebola outbreak that killed almost 5,000 Liberians. Vice President Joseph Boakai conceded Friday, congratulating the ex-soccer star.
The fire was put out several hours later and comes just days after a fire in the Claremont section of the Bronx killed 12 people . NY mayor Bill de Blasio described the incident as "the worst fire tragedy we have seen in this city in a quarter century".
The dense fog seems to create major problems for the visitors as the operations at the airport is severely affected. This is also an improvement, as RVR was in the range of 50-100 metres in the last two days.
They were both rumoured to be seeing other people, but Gomez confirmed in January this year that she was dating The Weeknd. Celebrities are known to jet off to warmer climates for New Years Eve, and for Selena Gomez , it's to Mexico.
Ingram and Kamara were able to set an incredible record by each reaching at least 1,500 scrimmage yards in a single season. The Bucs got a 42-yard field goal from Patrick Murray with 4:31 remaining, cutting New Orleans' lead to 24-23.
West Texas Intermediate (WTI) crude futures were at $60.16 a barrel at 0210 GMT, up 33 cents or 0.5 percent from their last close. Brent crude futures-the global benchmark-were also up, rising 45 cents or 0.7% to $66.61 a barrel, CNBC reported.
Bandera-Margaret has curly brown hair, brown eyes, stands 4-feet 5-inches, and weighs around 75 pounds. Cops said they executed a welfare check on a home Sunday, and discovered a dead woman at the residence.
The Packers played without many of their best players, and further hurt their changes with three turnovers in the first half. Detroit, meanwhile, was close to full strength in what could be Jim Caldwell's final game as head coach.
In 2006, Pence supported a constitutional amendment that would have defined marriage as between a man and a woman. Pro-choice groups took to Twitter this month to solicit donations in Vice President Mike Pence's name.
Time's Up: Hollywood women start anti-harassment group
Other Time's Up members include the actresses Ashley Judd , Natalie Portman , Rashida Jones , Emma Stone and Kerry Washington . The goal is to provide subsidized legal support to those who have faced harassment or assault in the workplace.
Right now, the moon is very very full (7 photos)
But do not worry if you missed it, there will be a second chance to see the supermoon at the end of January. In case you don't remember, a "supermoon" occurs when the moon appears bigger and brighter in the sky.
IMA Calls Off Pan India Doctors' Strike
The Bill proposes a government-nominated chairman and members, who will be selected by a committee under the Cabinet Secretary. Dr Narsinga Reddy of the Telangana IMA said, "Private hospitals across the state will close services from 6 am to 6 pm.
Risky wind chill temperatures in northern Montana
Amid the cold conditions, Wasula said people should make an effort to "not stay out too long" but be prepared if getting out. New Year's Day will be sunny with highs in the low 20s but it will feel between 5º-10º most of the day.
They're already ringing in the new year around the world
Spectacular fireworks have lit up the skies in Hong Kong, Australia and elsewhere in Asia as revellers rang in 2018. Authorities throughout China are also on high alert for stampedes or terror attacks at large public gatherings.
Instagram rolling out 'recommended' feature for all
Instagram explained that the " recommended for you " section is now being rolled out to all iOS and Android users. There's no doubt that there will be a number of users who will not like the " recommended posts " feature.