Taiwan’s Iranian crude oil imports to fall 40% on year to 6 mil barrels in 2018

Taiwan’s Iranian crude oil imports would be capped at 5.99 million barrels in 2018, down 40% from the 9.95 million barrels in 2017 due to the snapback of US sanctions on Iran. Taiwan received 1.99 million barrels, or 66,381 b/d of Iranian crude oil in September — its third cargo so far this year,...

https://www.hellenicshippingnews.com/taiwans-iranian-crude-oil-imports-to-fall-40-on-year-to-6-mil-barrels-in-2018/

Questions remain over UAE imports of Iranian condensate amid US sanctions

There was some surprise among analysts when the UAE did not receive a waiver from the US State Department last week from reimposed sanctions on Iranian crude, but sources said this week that they likely never requested one. As a US ally and supporter of the US taking a tougher stance on Iran,...

https://www.hellenicshippingnews.com/questions-remain-over-uae-imports-of-iranian-condensate-amid-us-sanctions/

Why Are Oil Prices Dropping Sharply? Global Economy Forecasts Lowered

Oil prices jumped in September and early October of this year (2018), but have dropped $20 a barrel in the last few weeks. The sharp turnaround is attributed to OPEC’s inability to cut supply, but this is old-fashioned thinking. OPEC’s power is a small fraction of what it was in the 1970s. What’s...

https://www.hellenicshippingnews.com/why-are-oil-prices-dropping-sharply-global-economy-forecasts-lowered/