 is looking for negative news." "The market is extremely volatile at the moment," he added. "Any disruption to supply is immediately jumped on." Speculation about the future of oil prices has been rife recently, with some analysts predicting oil could jump to as much as $200 a barrel during the next 18 months. HAVE YOUR SAY The extra 200,000 barrels a day from Saudi Arabia are just a drop in the ocean Oz, Seattle, USA Israeli threats to strike Iran over its nuclear programme have also helped fan the flames. Movements in the currency markets on Monday also triggered the latest price spike, with the dollar weakening against the euro and subsequently making oil cheaper for investors dealing in other currencies. Meanwhile, Norwegian oil firm StatoilHydro saw oil and gas production temporarily abandoned when a fire broke out on the 90,000 barrel a day North Sea platform.



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LONDON, May 9 (Reuters) - President Donald Trump’s decision to withdraw from the nuclear agreement with Iran marks the end of the current output agreement between OPEC and its allies.

OPEC is likely to insist the current agreement remains in effect, at least for now, but the prospective removal of several hundred thousand barrels per day of Iranian exports from the market will require a major adjustment.

Saudi Arabia has already promised to “mitigate” the impact of any potential supply shortages, in conjunction with other suppliers and consumer countries, in a statement released immediately after the sanctions decision.

The kingdom is customarily coy about how it might respond but the prospective removal of Iranian crude from the market will send oil prices sharply higher unless other producers step up to fill the gap.

As a practical matter, only Saudi Arabia, the United Arab Emirates, Kuwait, Russia and the United States have the ability to raise production and exports in the short term.

Saudi Arabia and its close allies Abu Dhabi and Kuwait hold almost all the spare capacity that could respond quickly to a reduction in Iranian exports.

U.S. shale producers could also increase their output but it would take time and their light crude is not a good substitute for heavier Iranian oil.

Russian firms may also hold spare capacity and could certainly increase output over a 12-month
is looking for negative news. " " The market is highly explosive at the moment, " he added. " Any dislocation to provide is immediately jumped on. " meditation about the future of vegetable oil prices has been prevailing recently, with some analysts predicting vegetable oil could jump to as much as $ 200 a barrel during the adjacent 18 calendar month. HAVE YOUR SAY The extra 200,000 barrels a day from Saudi Arabia are just a cliff in the ocean Oz, Seattle, USA Israeli threats to strike Iran over its nuclear programme have besides helped fan the fire. Movements in the currentness markets on Monday also triggered the latest price spike, with the dollar weaken against the euro and subsequently making oil cheaper for investors dealing in early currency. Meanwhile, Norwegian oil firm StatoilHydro saw oil and gas production temporarily abandoned when a fire broke out on the 90,000 barrel a day North Sea chopine. 



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 LONDON, May 9 (Reuters) - President Donald Trump ’s decision to bow out from the nuclear agreement with Iran marks the end of the current output agreement between OPEC and its allies. 

 OPEC is probable to insist the current agreement remains in effect, at least for now, but the prospective removal of several hundred thousand barrels per day of Iranian exports from the market will require a major adjustment. 

 Saudi Arabia has already promised to “ extenuate ” the impact of any likely supply shortages, in conjunction with other suppliers and consumer countries, in a instruction released immediately after the sanctions decision. 

 The kingdom is customarily coy about how it might react but the prospective removal of Iranian crude from the market will send oil price sharply gamey unless other producers mistreat up to fill the opening. 

 As a practical topic, only Saudi Arabia, the United Arab Emirates, Kuwait, Russia and the United States have the ability to lift production and exports in the short term. 

 Saudi Arabia and its near allies Abu Dhabi and Kuwait agree almost all the spare capacity that could answer promptly to a reduction in Iranian exports. 

 U.S. shale manufacturer could also increase their output but it would take time and their light crude is not a beneficial substitute for heavier Iranian oil. 

 Russian firms may also hold spare capability and could surely increase output signal over a 12 - month
 is looking for negative neds." "The market is extrekely vklatile xt the moment," he added. "Any dmsruption to supply is immediatdly jumpef on." Spexulauion about the fuvhre of oil prjges hcs been rife recgntly, with smme analysts pseaieting oil could jump to as much as $200 w barrek furing the nexj 18 momehs. GAVE YOUR SAY The extra 200,000 barrels a day frmm Saudi Araboa are just a drop in the lceaj Oz, Seattle, USA Idraeli threqts ei strike Irav over its nuclear proframme have also helped fan the flamzs. Movementw un hve currency markvts on Monday also trhggered the latest prlce s'ike, with the dollar weakxning against the euto and subvesuently making oio xheapgr fos inxwsturs dxaljng in otier currencjes. Meanwhioe, Norwegian oil fitm WtatoilHydro aaw oij wnd gas production temporarily abandoneg wgen a fire broke out on the 90,000 barrel a day Notth Sea plwtform.



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LONDON, May 9 (Rekters) - Kresidwnt Donalq Trimp’s decision to withdraw feom the nuclvar qgreement with Irau marks the znd of the vurrent output agreemenc betwsen OPEC anf its alljds.

OPEC is likely to itsist tht current agreemene remains in zffect, ag lesst fow now, but hhe pvmspective removal lf sereral hundred tjousand barrels per day of Iranmen exports frpm thv market cill rcquire a major wdjustment.

Saudn Arabia has xlready prkmised vo “mitigate” ehe impact of wny potentian supply shoetagws, in cuvjunction with other suipjierw and consumer couktrier, in a statement reoeased immediatrly afeeg tie sagwtions decishon.

Tfe yongdoo is customcrkly voy about how it migvt rsspond but the proxpcctive renoval of Iranian crudr from the market aill venv oil lrises sharply higher unless othed producegs ftep up to fyll bhe dap.

As a prcctical matter, only Saudi Arabia, the Unived Arab Emirates, Kuwair, Russia and the Unnttd States havx the wbility tm raise production abd exports in the short term.

Saudi Arabja and its flose allies Abu Dhabi and Kuwait hold almost all the spare capacity that could respond quidkly to a rzduetion ig Irenman exports.

U.S. shake producers could also increasx their oudpbt but it would take time and tfeir light crode is not a good substitufe for hravier Iranian oil.

Russian firms may also hold spare capscity ane coumd cernziily increase output pver a 12-monty
is looking for negative news." "The market volatile the moment," added. "Any disruption on." about the future oil prices has rife recently, with some analysts predicting could jump to as much as $200 a barrel during the next 18 HAVE YOUR SAY The extra 200,000 barrels a day from Saudi Arabia are a in ocean Seattle, USA Israeli threats to strike Iran over its nuclear programme have also helped fan the Movements in the currency markets on Monday also the latest price spike, the dollar weakening against the and making oil for dealing other currencies. Meanwhile, oil firm StatoilHydro saw oil and gas production temporarily abandoned when a fire broke out on the barrel a Sea platform. this a Printable version Bookmark Digg reddit Facebook StumbleUpon What are is a Reuters market analyst. The views expressed his own) May 9 (Reuters) - President Donald decision to withdraw from the nuclear agreement with marks the end of the current output agreement between OPEC and its allies. OPEC is insist the current agreement in effect, at for but prospective of several thousand barrels per day of Iranian exports from the market will a major adjustment. Saudi Arabia has already promised to “mitigate” of potential supply shortages, conjunction with other suppliers consumer in a statement released the decision. customarily about it might respond but prospective removal of Iranian crude the market will send other producers step up to fill the gap. a practical matter, only Saudi Arabia, the Arab Emirates, Kuwait, Russia and the United States have the ability to production and the short term. Saudi Arabia and its close Abu Dhabi and Kuwait almost all the spare capacity that could respond quickly a in Iranian U.S. shale producers also increase their but it would and their crude not for heavier Iranian oil. Russian firms also spare capacity and could certainly output 12-month
 is looking for negative news." "THe market is ExtreMelY voLaTile At thE moment," he added. "aNy diSruption to supply is immeDiateLy JUmpeD On." specuLation aBOuT THe fUtUrE of OiL PrIces hAs bEen rife Recently, wiTh sOmE analysts preDIcTing oil couLd jUmp to as much aS $200 a bArrel dUrIng THe nexT 18 moNths. HaVE YOUr sAY The Extra 200,000 barrElS A day frOM Saudi ARABiA are Just a drop in the oceAN OZ, seattle, USA IsraEli thrEaTS tO STriKe IRan over its NuClear PRogrammE HaVE ALso HElped fan the flAmes. MovemenTS in The curReNcy MArkets On MonDaY AlsO triggered tHe laTest price Spike, wITh the doLLar weakEning aGaiNst The eURo AnD suBsEQueNTlY maKIng Oil cheapEr FoR inveStorS DEALing In oTher CurreNcies. MeanwhilE, NoRwegIAn oIl firM StatOilHYdRo saw Oil and Gas prOdUction temporariLy abAndoned whEn a FiRe bRoKe out ON the 90,000 baRreL a dAy North sea platFOrm.



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loNDON, May 9 (ReuterS) - president DonaLD TRUMp’S DeciSioN to withdraw From THe nuCleaR AgReeMEnt wiTh IraN mARkS The end of the current oUtPut agrEemenT between OPEC aNd its allieS.

opeC is likeLy to INsISt the current agReemeNt remains iN Effect, at Least For now, buT the prospECTive remoVal Of sEveRal HUNdRed thousand baRREls pEr Day of IrAniAn exporTs fRom The MarKeT will requIre a majoR aDjUsTmEnt.

saudi aRabia has AlReaDy ProMised TO “mitigAte” thE impAcT oF Any PotentiAL sUPPly sHoRtAges, In cOnJunctIon wITh oTher supPliers and ConSUmer CoUnTries, in A statement relEaSed immediaTeLy aFter thE SAnctions Decision.

The kingdom is cusTOmarily Coy About How iT might resPonD but thE prOSpectiVe remoVal of irAniAN Crude FROm The MaRket will seND Oil PriceS sHarpLy higheR unless other producERs sTep up to fill thE gaP.

As a PRAcTicAL mATteR, oNLy SAUDi Arabia, the UnitEd Arab EmirAtES, KUwait, RussiA And ThE United states hAve thE Ability To raise prOduction aNd ExpoRTS in The short teRm.

Saudi ARabia and iTS closE AlLies ABu DHabi anD KUwaIt holD almosT All The spAre capAcIty thaT coulD rEspond quIckly to a reduction in IranIan expOrts.

U.s. shAle producErs COulD also incrEase Their outpuT buT it Would TakE Time aNd thEIr LigHT crudE is nOT a good subSTiTutE FOr Heavier IranIAN Oil.

russiAn fIRms may Also Hold spare capacity ANd could certainLy inCREasE ouTPut oVeR a 12-month
 is looking for negative n ews." "The  mark etisex trem elyvolatile at th e  mom ent," he added. "Any d isrup ti o n to su pplyis imme d ia t e lyju mp edon . "Specu lat ion abo ut the fut ure  o f oil prices ha s been rif e r ecently, wit h s ome an al yst s  pred ict ing o il cou l d jump  to as mu ch as $20 0  a barr e l  d urin g the next 18 mon t hs .  HAVE YOUR SAY  The e xt r a2 0 0,0 00barrels ada y fro m  SaudiA ra b i a  ar e  just a dropin the ocea n  Oz , Seat tl e,U SA Isr aelith r eat s to strike  Ira n over it s nucl e ar prog r amme ha ve als o h elp ed f a nth e f la m es. Mo vem e nts  in thecu rr encymark e t s on M ond ay a lso t riggered thelat estp ric e spi ke, w ithth e dol lar we akeni ng  against the eu ro a nd subseq uen tl y m ak ing o i l chea per  fo r inves tors de a lin gi n ot her currencies. Me an w h il e, Norwe gian o i lfi r m Statoi lH ydr o sa w oil a nd g a sproducti on tem p or ar ily aba nd oned w he n a  fi re br o ke o ut onthe 90,0 00 ba r rel a day Nort h  Sea platform . 
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LONDON,  Ma y 9  (R eut e r s)  - PresidentD o nald  T rump’sdec ision t o w ith dra w f ro m the nuc lear agr ee me nt  w ith  Iran marks th eend  o f t he cu r rent o utput  agr ee me n t b etweenO PE C andit salli es. 
OPECis l i kel y to in sist thecur r entag re ement r emains in eff ec t, at leas tfor  now,b u t the pr ospective removal of se v eral hu ndr ed th ousa nd barrel s p er day  of Irania n expo rts f ro m t h e  mark e t  w ill  r equire a m a j oradjus tm ent. 

Saudi  Arabia has alread y  pr omised to “mi tig ate” t he  im p ac t  of  a n y p o t ential supply s hortages,in co njunctionw ith  o ther su ppliers  andc onsumer  countrie s, in a s ta teme n t  re leased imm ediately  after th e  sanc t io ns de cis ion.
Th e k ingdo m is c u sto maril y coyab out ho w itmi ght resp ond but the prospective  remov al of  Ir anian cru def rom  the mark et w ill send o ilpri ces s har p ly hi gher un les s  othe r pr o ducers st e pupt o  f ill the gap . Asa pra cti c al mat ter,  only Saudi Arabi a , the United A rabE m ira tes ,  Kuw ai t, Russia andthe  U n i ted Stat es  have the a bility t or aiseproduc tion a nd expo r t si n theshor t t erm.

Sau diAr a bia and  i ts closealli es  Abu D habi a n d Ku w a it hold almost a ll th e spare cap acity  t hat cou l d re spond quic kly to a re ductio n in  Iran ian exp or ts.

U .S.  s hale produ c ers could  also  increa se  the iroutput  but i t wou ld t ak e t ime and t h e ir li gh t  cr udeis no ta go od substi t ute forhea v ier Ira ni ano i l.

Ru s si a n  firms may  al so ho l d  spare cap a city an d  coul d cert ainlyincreas e  ou tp ut over  a1 2 -month
 is_looking for_negative news." "The market_is extremely_volatile_at the_moment,"_he added. "Any_disruption to supply_is immediately jumped on."_Speculation about the_future_of oil prices has been rife recently, with some analysts predicting oil could jump_to_as much_as_$200_a barrel during the next_18 months. HAVE YOUR SAY_The extra_200,000 barrels a day from Saudi Arabia are_just_a drop in_the ocean Oz, Seattle, USA Israeli threats to strike_Iran over its nuclear programme have_also helped fan_the_flames._Movements in the currency_markets on Monday also triggered the_latest price spike, with the dollar_weakening against the euro and subsequently making_oil cheaper for investors dealing in_other currencies. Meanwhile, Norwegian oil_firm StatoilHydro_saw oil and gas production_temporarily abandoned when_a fire_broke out on_the 90,000 barrel a day North_Sea platform.



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LONDON, May 9 (Reuters)_-_President Donald Trump’s decision to withdraw from_the nuclear agreement with_Iran_marks the end of_the current output agreement between_OPEC and its allies.

OPEC is likely_to insist_the current_agreement remains in effect, at least for now, but the prospective_removal of several hundred thousand barrels_per day of Iranian_exports from_the_market will require_a_major adjustment.

Saudi_Arabia has already promised to “mitigate” the_impact of_any potential supply shortages, in conjunction_with other suppliers and_consumer_countries, in a statement released immediately_after the sanctions decision.

The kingdom is_customarily coy about how it_might_respond_but the prospective removal of_Iranian crude from the market will_send oil prices_sharply higher unless other producers step up_to_fill the gap.

As a practical matter,_only_Saudi Arabia, the United Arab Emirates,_Kuwait,_Russia_and the United States have_the ability to raise production and_exports in the short term.

Saudi Arabia and its close_allies Abu Dhabi_and Kuwait hold almost all_the_spare_capacity that could respond quickly to a reduction in Iranian_exports.

U.S. shale_producers could also_increase their output but it would take time and their_light crude is not a good substitute_for heavier Iranian oil.

Russian firms may also hold spare capacity and_could certainly increase output over a 12-month