Oil

The world will need 32.05 million barrels per day (bpd) of crude from its 15 members in 2019.

The market seems to be inadequately prepared for a rapid loss of exports.

In the latest round of levies. China said it would impose additional tariffs of 25 percent on $16 billion worth of U.S. imports.

In the short term. supply is not seriously impacted. given that Saudi Arabia. Russia ramped up their oil production.

The United States hasn'.t been able to persuade China—Iran’s biggest oil customer—to reduce Iranian oil purchases.

A rise in crude prices triggered by supply uncertainties could dampen demand for oil.

The two leading non-OECD oil markets. China and India. both remain on course to grow solidly this year.

As the row deepens. oil was bound to become the center of attention. albeit briefly.

U.S. sanctions on Iran could push oil prices up to $90 per barrel later this year.

Iraq has no option to export Kirkuk crude from the north of the country due to a political dispute with KRG.