London judge orders Dana Gas to hold dividends in English bank account | Reuters:
"A London judge has ordered Dana Gas to pay any dividends into an English bank account where the funds must be held until a dispute over its $700 million Islamic bond is resolved, sources familiar with the matter said. Friday’s ruling is the latest twist in a complex legal battle taking place in courts in London and the United Arab Emirates which began last year when the UAE energy producer halted payments on $700 million of Islamic bonds it said had become unlawful because of changes in Islamic finance. Holders of the sukuk contest its position and are demanding to be paid by Dana, which declined to comment on the ruling."
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Friday, 27 April 2018
What’s at Stake If Trump Kills the Iran Nuclear Deal? - Bloomberg
What’s at Stake If Trump Kills the Iran Nuclear Deal? - Bloomberg:
"U.S. President Donald Trump has until May 12 to decide whether to perhaps fatally undermine a years-in-the-making nuclear deal with Iran, with the consequences likely to be felt from Middle East war zones to oil markets. If the U.S. refuses to continue to waive sanctions under the six-nation agreement reached in 2015, there’s a real threat Iran will also walk away. European powers are scrambling to persuade Trump to preserve the agreement, with German Chancellor Angela Merkel in Washington on Friday on the heels of French President Emmanuel Macron. So what’s at stake if the U.S. withdraws?
Oil Markets
A “snap-back” in Iran sanctions by the U.S. would almost certainly reduce Iran’s oil exports, further stretching an oil market that’s seen prices rise 11 percent this year. What’s more uncertain is exactly how far shipments would fall."
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"U.S. President Donald Trump has until May 12 to decide whether to perhaps fatally undermine a years-in-the-making nuclear deal with Iran, with the consequences likely to be felt from Middle East war zones to oil markets. If the U.S. refuses to continue to waive sanctions under the six-nation agreement reached in 2015, there’s a real threat Iran will also walk away. European powers are scrambling to persuade Trump to preserve the agreement, with German Chancellor Angela Merkel in Washington on Friday on the heels of French President Emmanuel Macron. So what’s at stake if the U.S. withdraws?
Oil Markets
A “snap-back” in Iran sanctions by the U.S. would almost certainly reduce Iran’s oil exports, further stretching an oil market that’s seen prices rise 11 percent this year. What’s more uncertain is exactly how far shipments would fall."
'via Blog this'
Oil investment may prove a tricky target for OPEC | Reuters
Oil investment may prove a tricky target for OPEC | Reuters:
"It’s “mission accomplished” for OPEC in its battle against bulging global inventories of oil, thanks to the production cuts it has had in place for nearly 18 months.
The Organization of the Petroleum Exporting Countries, which supplies a third of the world’s oil, agreed to curb output by 1.8 million barrels per day jointly with 10 other producers including Russia until stocks returned to more normal levels.
The overhang of unwanted crude and oil products has reached OPEC’s target, but the group now says it would rather see a pickup in investment, which fell by $1 trillion (719.01 billion pounds) in the three years of surplus and weak prices that started in June 2014."
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"It’s “mission accomplished” for OPEC in its battle against bulging global inventories of oil, thanks to the production cuts it has had in place for nearly 18 months.
The Organization of the Petroleum Exporting Countries, which supplies a third of the world’s oil, agreed to curb output by 1.8 million barrels per day jointly with 10 other producers including Russia until stocks returned to more normal levels.
The overhang of unwanted crude and oil products has reached OPEC’s target, but the group now says it would rather see a pickup in investment, which fell by $1 trillion (719.01 billion pounds) in the three years of surplus and weak prices that started in June 2014."
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