US West Texas Intermediate (WTI) crude futures settled up 31 cents, or 0.5 per cent, at US$62.25 a barrel. "'Don't do business with this people until they understand that there is a way to that you conduct yourself in the global community'".
Zamaninia gave no details about the "gray market", but Iran is widely reported to have sold oil at steep discounts and often through private firms during sanctions earlier this decade.
At the same time, it also said that USA crude oil production is expected to average 12.45 million bpd this year, up from the current 12.3 million bpd, which is already a record.
The upbeat reports have also turned around earnings estimates for the first quarter to an nearly 1 percent rise, a huge improvement from the 2.3 percent decline expected at the start of the season last month.
McIlroy in the hunt as trio lead Wells Fargo Championship
McIlroy returned and ran his birdie putt 5 feet by the hole, missed the next one and lost ground with a bogey. Dufner turned 42 in March and realizes he doesn't have many years left to compete at a high level.
USA crude oil production is expected to average 12.45 million bpd this year, up from the current 12.3 million bpd, which is already a record, the EIA said.
"Based on such requests, Saudi oil production for the month of June is expected to remain below its OPEC+ commitment, while exports will also stay under 7 million barrels per day".
Oil prices stabilised on Wednesday as markets remained relatively tight amid USA sanctions on crude exporters Iran and Venezuela.
Imports of Kazakhstan's light sweet CPC Blend crude nearly doubled year on year to 15.74 million barrels in the first three months this year.
5-year-old girl abducted by 3 men in Texas, stepfather says
Maleah was last seen wearing a pink bow in her hair, a light blue zip-up jacket, blue jeans and gray, white and pink sneakers. He was in and out of consciousness until he and his son were eventually dropped off in Sugar Land on Saturday, police said.
Lack of clarity in oil fundamentals will keep Brent crude price volatility high in the next couple months, testing Goldman Sach's expected boundary range of $70-$75 per barrel, the bank said in a note.
The Trump administration's decision to impose sanctions on countries that buy Iranian oil delivering oil prices to their greatest levels since October and is now increasing worries about crude source.
Propane/propylene inventories increased by 1.0 million barrels last week and were about 17 percent above the five-year average for this time of year.
In March, the biggest oil importers in Asia-China, India, Japan, and South Korea-collectively bought 1.57 million bpd of oil from Iran, a 36-percent surge over February. "We should increase production and raise our (non-oil) exports and resist America's plots against the sale of our oil".
Russian Federation recovers 41 bodies from Moscow plane fire
As the chief air safety regulator of 12 former Soviet states, the IAC has taken the lead in examining data from the crash. After the tragedy some suggested that Russian Federation may be better off abandoning the Sukhoi Superjet altogether.