It remains unclear how hard USA sanctions will hit Iran's oil industry.
Brent, the worldwide benchmark, rose as much as 1% at $79.47 per barrel around 8:30 a.m. ET.
Oil prices fell on Wednesday, weighed down by ample supplies despite ongoing output cuts by producer cartel OPEC and looming USA sanctions against major crude exporter Iran.
Investors also drew attention to statements by Saudi Energy Minister Khalid Al-Falih about their readiness to ensure the stability of the oil market after the US decision to withdraw from the nuclear deal with Iran. Investors are watching whether OPEC and its allies such as Russian Federation intend to end output cuts and increase production if renewed American measures restrict the Persian Gulf state's exports.
US light crude was 15 cents lower at $70.81 a barrel, also not far off its highest since November 2014, in a volatile session. Total volume traded on Tuesday was in line with the 100-day average. The global benchmark crude traded at a $7.49 premium to July WTI, heading for the widest spread since 2015.
California may require solar panels on all new homes
The commission estimates that 117,000 single family homes and 48,000 multi-family units will be constructed in California in 2020. Builders will have the option of adding solar panels to individual homes, or building shared power systems for a group of homes.
Russia's largest oil producer, in which British oil major BP owns a 19.75 stake, said production of liquid hydrocarbons, or oil and gas condensate, stood at 4.57 million barrels per day (bpd) in the first three months of 2018. The contract fell 1.2% on Monday.
However, experts are of opinion that the market may get some clarity and things may ease out a bit after a review meeting in June by Organisation of Petroleum Exporting Countries (Opec) and non-Opec in which they may take the decision whether to continue with cut in oil production as was pledged earlier or pump out more to make up for any shortage.
OPEC, for its part, estimated that the excess oil inventories in the OECD had shrunk to just 9 million barrels.
It seems that this time around, the statement was uttered in connection with the movement within OPEC to prolong the cuts indefinitely, which some say is driven by the desire to boost prices even further and thus improve the bottom line of many members' economies. With more than 1 200 people wounded by live fire, it was the deadliest day in Gaza since Hamas's last war with Israel in 2014.
Manhattan District Attorney Cyrus Vance Jr. has opened a probe into the allegations, the office said in a statement . In a tweet , Cuomo said: "No one is above the law, including New York's top legal officer". "These are institutions.
Special counsel Robert Mueller is looking into payments a Kremlin-tied Russian oligarch made to President Trump's personal lawyer. Cohen has not been charged with any crime, and both he and his attorney have maintained that he has done nothing improper.
The 393 close contacts now under surveillance for symptoms of Ebola would likely be the first recipients of the vaccine. Moeti said 362 contacts had been traced of those who had fallen sick - a necessary precursor to deploying the vaccines.
Trump is set to decide by May 12 to either keep the U.S.in the nuclear deal or not. "But lots of things can happen". Leaving the Iran deal in place wouldn't have hurt his standing with the Don't-Tread-On-Me Trump loyalists.
And would she do it again if President Donald Trump demanded it? His view represents that of most of his fellow Republicans. McCain, who has remained in Arizona since the end of previous year , was not expected to return for any votes this month.
Zverev's serve fired nearly robotically and Thiem was unable to recreate the magic from his win over Nadal in the quarter-finals. Zverev pocketed the opening game thanks to a double-fault and then, was never really thrown into a challenge throughout.
This year, it will be observed today - May 13. " Mom ", I replied, "there are some other moms who might disagree with you ". So, you can make use of the following motherhood quotes which you can send or recite to express the love you feel for her .
A more closely followed measure that strips out food and energy, known as the core CPI, rose a smaller 0.1% last month. The US labour department said on Thursday that its consumer price index (CPI) rose 0.2% after slipping 0.1% in March.
Major League Baseball has issued a statement saying the Supreme Court ruling will have "profound effects" on the league. New Jersey lawmakers have introduced new legislation that would regulate and tax sports betting, hours after the U.S.
A probe is under way into a fire in a Tesla Model X SUV that crashed on a freeway near Mountain View, California, on March 23. Everything we have seen thus far indicated a very high-speed collision and that Autopilot was not engaged.
While on stage at I/O, Google also debuted a new navigation system that uses Street View and AR to guide you to your destination. Recommendations for top trending activities, which are centralized around the area you're now looking at in Maps.
He may propose some kind of peace plan (less than a treaty) between North and South Korea that doesn't require denuclearization. When he was asked about how he was treated by the North Korean regime, Kim replied, "We were treated in many different ways".
He later spoke at a reception welcoming the United States delegation. "It's the right thing to do, " a smiling Netanyahu said . The other members of the delegation are Ivanka Trump's husband Jared Kushner, Treasury Secretary Steven Mnuchin, U.S.
As of Wednesday, the 45th Weather Squadron said the probability for good launch weather Thursday at the Cape as 80 percent. Nowadays, NASA sends astronauts to the International Space Station using Russia's Roscosmos space program.
They've got great options. "The season has ended for most of the teams in the league, it's a nice time , but for us it's work". It's only the second time this season Liverpool have lost two games in a row, and they are yet to lose three in a row.
Prior to serving as the County Executive, he was elected to the Baltimore County council where he served for 16 years. On Twitter, Hogan wrote, "the First Lady and I are shocked and grieved by the sudden passing of [Kamenetz]".
Following this, all evening schools run by the Delhi government and a few private morning schools remained closed on Wednesday. Ranawat confirmed that 4,200 poles, 395 transformers and 375 feeders have been damaged in Bharatpur.
Cable's got good reason to be bummed out, as we learn, but the film barely gives us any time to process his tragic backstory. Like the first film, " Deadpool 2 " is filled with crude jokes and bloody violence, but it isn't genuinely subversive.
By comparison, the Liaoning is thought to now carry around 30 warplanes, including fixed wing aircraft and helicopters. Besides India, the US, Russia, the UK, France, Italy, Thailand and China operate a total of 18 aircraft carriers.
Politicians across all parties have been paying tributes to the beloved former Labour MP all day as the announcement was made. Having pushed the British government to bid for the Olympics, her joy on securing the games for London was short-lived.
Officers walk past debris at Santa Maria church after the explosion in Surabaya , East Java, Indonesia on May 13, 2018. The attack on a district packed with malls, embassies and United Nations offices left around 20 others injured.
Elon Musk has given the first glimpse of his underground Los Angeles tunnel, and said free rides will start in just a few months. U.S. cities have largely halted the building of new tunnels and subways due to high costs that can exceed $1 billion per mile.
The statement said the church wants to move forward with its own program that involves youth leadership and development. Reactions to the news were mixed from Mormons who grew up scouting, working their way toward becoming Eagle Scouts.
He cited a doubling of detentions for illegal entry along that border in April 2018, compared to the same month a year ago . From April 2017 to April 2018, the number of apprehensions and "inadmissible" border crossings tripled, according to DHS.