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Oil Declines As Iran Says 'Understanding' Reached In US Nuclear Negotiation
Oil Declines As Iran Says 'Understanding' Reached In US Nuclear Negotiation
The second round of indirect negotiations between the United States and Iran concluded in Geneva, Iran's semi-official Students' News Agency (ISNA) reported Tuesady. Delegations from both sides left the venue following the talks, however, the Iranian side says it's ready to stay in Switzerland for days or even weeks if needed, in order to reach a deal and stave off military attack by Washington. Oil is dumping on the following headline issued an hour after conclusion:
IRAN FOREIGN MINISTER SAYS...
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Europe Dodges A Rhine Crisis For The Worst Possible Reason
Europe Dodges A Rhine Crisis For The Worst Possible Reason
Authored by Natalia Katona via OilPrice.com,
Rhine freight from ARA to Karlsruhe has surged from €45/t to €215/t as Kaub remains below the 77-cm threshold needed for normal commercial traffic.
The squeeze is disrupting 3.1 million t/y of ethylene capacity and product movements from the 320,000-b/d Miro refinery.
Europe is avoiding a deeper crisis only because crackers are running at around 70% and fuel demand is weak.
The Rhine has slightly risen from its mid-August record low (when Kaub's water level gauge - at...
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