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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (48673)	9/14/2018 2:12:42 PM
From: Goose94	Read Replies (1) \| Respond to of 203382

Crude Oil: OPEC cut its 2019 oil demand forecast because of economic headwinds. The 1.41 mb/d demand growth forecast is 20,000 bpd lower than last month’s figure. “Rising challenges in some emerging and developing economies are skewing the current global economic growth risk forecast to the downside,” OPEC said in the report. Iran is storing oil on tankers in the Persian Gulf as buyers begin to walk away. Between 2012 and 2016, Iran stored millions of barrels of oil on supertankers because it could not export enough. That practice is making a comeback, according to Bloomberg. “Iranian exports are falling fast,” Amrita Sen, chief oil analyst at Energy Aspects Ltd., said in a note to clients. Shipments are “set to average as little as 1.5 million barrels a day in September according to the preliminary loading program, compared to around 2.8 million barrels a day of oil exports in April and May,” she said.