Saudi, UAE agree extension of oil cuts may be considered - statement

Saudi, UAE agree extension of oil cuts may be considered - statement

Saudi, UAE agree extension of oil cuts may be considered - statement

Irma slammed into Florida on Sunday, leaving more than 7.4 million homes and businesses without power, but has since been downgraded to a tropical storm.

"At this point, there is an expected hit to gasoline demand from Hurricane Irma in Florida, but we are hearing that the infrastructure isn't as bad off as feared", said John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund, in a telephone interview.

Monday's gains came as Hurricane Irma struck the USA southeast with less force than once feared, easing worries that energy demand would be hit hard.

Iran sold its light crude oil at $50.93 per barrel in the week ended on September 1, with seven cents decrease from its previous week, IRNA reported on Saturday. The U.S. benchmark.

Political support to big private schools helped them evade CBI probe: Sisodia
CCTV cameras are to be installed in nearly every corner of the schools irrestive of the fact whether it is private or public. The Delhi Police informed the minister that it will carry out the verification process on priority basis.

"While some are concerned about the demand side [from Irma] I don't think it's that big a situation", said James Williams, president of energy consultant WTRG Economics, noting that Harvey had more of an impact on crude, "The demand for crude is going to be set by the refineries coming back online". Harvey slashed refining capacity across Texas, forcing shutdowns of key refineries from Corpus Christi and Houston to Port Arthur, including the largest US fuel-making plant.

"We're waiting for our refineries to all get going", he said, "On the east coast we don't have enough gasoline so we have to import more product from Europe, which adds a boost to Brent".

Oil prices softened on Tuesday as Hurricane Irma's dampening effect on demand offset refinery restarts in the wake of Hurricane Harvey.

Members of the Organization of Petroleum Exporting Countries and other producers including Russian Federation have pledged to reduce crude output by about 1.8 million barrels a day through March to trim global oil inventories and buttress prices.

SC notice to Centre, CBSE and cops over Gurugram murder
The school, according to the SIT, also did not carry out the mandatory police verification checks while hiring the support staff. The agitated protestors had also set a liquor shop - situated near the school - on fire.

Saudi Arabia will supply full contracted volumes of crude oil to at least five north Asian term buyers in October, while a sixth regional refiner was notified of cuts to its October Arab Extra Light supplies, sources familiar with the matter said on Monday.

The deal agreed late a year ago helped to keep prices as high as $58 a barrel in January, but they have since sagged as global stocks have not fallen as quickly as expected.

Saudi Arabian Energy Minister Khalid Al-Falih agreed with his Venezuelan and Kazakh counterparts to leave all options open in their push to re-balance world oil markets, including the possible extension of output cuts beyond next March.

Hurricane watch: Jose could threaten the East Coast next week
As of 5pm eastern time on September 11, estimates from the National Hurricane Center pegged Jose as a category 2 hurricane. Over the next few days, the hurricane is expected to make a rare loop and reverses its direction.

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