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Operation Disclosure: GCR/RV Intel Alert for September 22, 2018

RV/INTELLIGENCE ALERT - September 22, 2018 (Disclaimer: The following is an overview of the current situation based on intelligence lea...

Thursday, July 5, 2018

Thurs. PM KTFA News Articles 7-5-18

KTFA

Samson » July 5th, 2018

Trump to OPEC: Cut prices now because we are defending you for dollars


2018/7/5 1:09

US President Donald Trump has accused the Organization of the Petroleum Exporting Countries (OPEC) of pushing fuel prices higher and urging its members to do more.

"Opec should remember that gasoline prices are high and they are doing little to help," Trump wrote on Twitter on Wednesday.

"They are pushing prices up while the United States is defending many of its members for very few dollars, this has to be a two-way street, they have cut prices now!" LINK

Oil falls after Trump attack on OPEC

2018/7/5 10:54

(Reuters) - Oil prices fell on Thursday after US President Donald Trump published a sharp tug on Twitter demanding the Organization of the Petroleum Exporting Countries (OPEC) cut crude prices.

Oil prices were also affected by the growing trade dispute between Washington and Beijing, which triggered another Asian stock slide on Thursday as Washington warned it could impose tariffs on US crude imports at an unspecified date. By 0532 GMT, the price of global benchmark crude for Brent crude was $ 77.68 a barrel, down 56 cents, or 0.7 percent, from the previous close.

US WTI crude futures fell 45 cents, or 0.6 percent, to $ 73.69 a barrel. Trump accused OPEC on Wednesday of pushing fuel prices up. "Opec should remember that gasoline prices are high and they are doing little to help," Trump said on his personal Twitter account. "They are pushing prices up while the United States is defending a lot of its members for very few dollars, this has to be a two-way street, they have cut prices now!"

OPEC began with some of the producers outside the organization led by Russia to restrict production in 2017 to boost prices. Recent price hikes have been prompted by the United States' announcement to reinstate sanctions against Iran in November, targeting oil exports. In June, OPEC and Russia announced they were ready to increase output to defuse supply shortages due to a sudden supply disruption from Venezuela and Libya and are likely to offset the possible decline in Iranian supplies due to US sanctions. Despite these measures to compensate for the idle supplies, Goldman Sachs said on July 4 in a note to customers that "the market will continue to experience a shortage" in the second half of the year. LINK

The US Embassy reveals the details of the Senate delegation's visit to Baghdad

4th July, 2018

The US Embassy in Baghdad revealed Wednesday the details of the US Senate delegation's visit to Baghdad and Arbil .

"US senators Lindsey Graham, Jane Shaheen and Elizabeth Warren visited Iraq from July 1 to 4 for a meeting with senior Iraqi government and security officials and to monitor efforts to stabilize Iraq after the military defeat," the embassy said in a statement. Bada'sh. "

The statement added that "the members of the Senate Graham and Shaheen spent the period from 1 to 2 July to discuss Iraq's cooperation with the International Coalition to back a rapprochement with US and Iraqi officials , " noting that "on July 3, accompanied by US Ambassador to Iraq Douglas Seelman, Graham and Warren in Baghdad with Prime Minister Haider Abadi, while Senator Graham also met in Erbil with the Prime Minister of the Kurdistan Regional Government, Nechirvan Barzani

"Sen. Graham and Sen. Warren Zara visited Mosul to see progress in Iraq's second largest city, a year after it was liberated from a duel. Senators also know the continuing challenges of rebuilding Mosul," the statement said

The United States has provided more than $ 7.1 billion in humanitarian aid to Iraq since 2014 and has contributed more than $ 190 million to support crucial stabilization activities in areas free of authoritarian control, the statement said LINK

RIYADH: Threats to close the Strait of Hormuz could raise oil prices to $ 300 a barrel

5th July, 2018



Kuwait's Al-Rai newspaper published a news analysis on what could result from the threat of closing the Strait of Hormuz and the prospect of oil prices rising to $ 300 per barrel, indicating that it would be catastrophic for Kuwait that Iran has been trying to prevent oil exports from crossing the Straits.

Iran's threats to block oil shipments from neighboring countries if the United States goes ahead with forcing all countries to stop buying Iranian oil have cast a shadow over the Gulf states in general and Kuwait in particular.

While analysts saw the closure of Hormuz as one of Tehran's options, they noted that Kuwait would be the biggest victim if Iran's Revolutionary Guard took the lead in threatening his leadership. Analysts pointed out that the only option for Kuwait to export its oil up to about two million barrels per day, is the Strait of Hormuz, which means that the possibility of stopping the movement of maritime navigation or obstruction in the strait will inevitably reduce its oil exports significantly or stop altogether, which is dangerous Real on the country.

For its part, warned oil sources of the seriousness of the implementation of the Iranian threats, the estimated exports of the Gulf oil total, which can be narrowed by Tehran by 10 to 15 million barrels per day, saying it would be «disaster by any measure if it happened». "While some countries have foreign oil reserves in other countries, such an option is not available to Kuwait at present, as it has no external reserves in any other country," the sources told Al-Rai.

The sources added that «the stock on the ships may be for a day or two days, and not as the internal strategic inventory estimated at 30 days». "Despite the exclusion of the implementation of Iranian threats, especially as it will touch the whole world and will raise oil prices frighteningly up to $ 300 a barrel," she pointed out that the remaining option is to find alternatives to Kuwait to avoid the taboo. However, it considered that "these alternatives remain in their entirety difficult and very limited, and can not continue for a long time," pointing out that among these options, the transfer of the export of Kuwaiti oil through Oman in pipelines, or the transfer of Kuwaiti oil to Saudi Arabia, Ship it across the Red Sea.

The sources added that «possible alternatives also transfer Kuwaiti oil tankers to Khorfakkan in the United Arab Emirates, and to Oman through a pipeline». On the other hand, the sources considered that the damage will not be limited to Kuwait or Gulfis only, but it will touch the Americans, Russians, Europeans and Asians, so they will not allow the closure of the strait or damage to this vital commodity or artery through which this commodity.

The sources said that Kuwait has an oil reserves estimated at only 4 million barrels outside Kuwait, including two million strategic reserve, and two million as an operational stock only, compared to tens of millions of other countries. "Even if the strait is tapped as before, Kuwait has the ability to load its oil tankers and pull it out of the strait in cooperation with US forces and deployed fleets, as it has been during crises and wars before," she said.

The Iranian Revolutionary Guards announced yesterday that it is ready to implement a policy to prevent regional oil exports, following the threats by President Hassan Rowhani to ban the export of crude shipments in neighboring countries if the United States continues its policy to stop buying oil from his country. "The Guard is ready ... if necessary to implement a policy that hinders regional oil exports if the United States prohibits Iranian oil sales," IRNA quoted Revolutionary Guards Corps commander Qassem Soleimani as saying.

Sulaimani praised Rohani's remarks, saying in a letter, "I accept your hand (directed to Rohani) to make such wise statements that came at the time, and I am at your service to implement any policy that serves the Islamic Republic." Rowhani threatened yesterday to block shipments from neighboring countries if Washington went ahead with its goal of forcing all countries to stop buying Iranian oil. Rowhani did not elaborate, but Iranian officials have repeatedly threatened to close the Strait of Hormuz, a major shipping route, in response to any hostile action by the United States against Iran. LINK

Source: Dinar Recaps

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