To make up for potential shortfalls in supply from Iran sanctions as well as other disruptions including Libya and Venezuela, the Organization of the Petroleum Exporting Countries (OPEC) has agreed China foam wall panel barrel screws with Russia and other oil-producing non-OPEC members to raise output from July.27 a barrel.60 a barrel at 0044 GMT, up 46 cents, or 0.9 million barrels.Traders said the decline in fuel inventories was largely down to the outage at Syncrude Canada’s 360,000 barrels per day (bpd) oil sands facility near Fort McMurray, Alberta, which is expected to last through July.REUTERS Published: Jul 4, 2018, 8:51 am IST Updated: Jul 4, 2018, 8:51 am IST US crude inventories fell by 4.82 per barrel, up 6 cents from their last close.Outside North America, looming US sanctions against major oil exporter Iran were the focus of attention.

9 million barrels, according to the American Petroleum Institute (API) on Tuesday.US West Texas Intermediate (WTI) crude futures CLc1 were at $74.Iran’s President Hassan Rouhani on Tuesday said it was "unwise to imagine that some day all producer countries will be able to export their surplus oil and Iran will not be able to export its oil.5 million barrels in the week to June 29 to 416. The US government plans to shut Iran’s oil exports out of the market from November, demanding that all countries stop buying its oil.”end-of.

Oil prices, crude oil, opec, wti, brent crudeLocation: Singapore, –, Singapore.Singapore: Oil prices edged up on Wednesday, lifted by a report of declining US fuel inventories amid the ongoing crude supply outage at Syncrude Canada in Alberta, which usually supplies the United States. Gasoline and distillate stocks, which include diesel and heating oil, were also down, the API said.6 per cent, from their last settlement.Brent crude futures LCOc1 were at $77.OPEC-member Iran, however, has warned it would not accept other producers reaping the benefits by taking its market share.

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