Oil

The oil market will not react to the statement of US President Donald Trump about Washington'.s new policy toward Tehran.

Oil prices recently have become more sensitive to supply threats. such as the situation in Kirkuk.

Iraq earlier warned Kurdish officials against shutting down Kirkuk oil flows.

China remains the largest buyer with four tankers. followed by three to South Korea and two to India. The remaining two could head to Singapore. the data shows.

The world’s fifth-biggest crude importer shipped in 1.83 million tonnes of crude oil from Iran in September.

The terminal could ease the load of tanker traffic at Kharg Oil Terminal off the Persian Gulf coast that is responsible for more than 90% of Iranian oil exports.

Earlier this week Norway’s Statoil reported yet another dry well in the Barents Sea. some 100 km northwest of the Johan Castberg discovery.

Iranian oil ministry is preparing to hold a tender for the development of Azadegan oil field over the current year.

The federal government has sent troops into areas around Kirkuk and soldiers haven’t entered the city boundaries.

There were several pending issues with Iran particularly relating to the oil payment. Most of them have been resolved.