Iran's exports of oil to Asia and Europe will almost certainly decline later this year and into 2019 as some nations seek alternatives in order to avoid trouble with Washington and as sanctions start to bite. Sukrit Vijayakar More Quotes by Sukrit Vijayakar More Quotes From Sukrit Vijayakar I expect India to fall in line with the sanctions. Sukrit Vijayakar top-news Oil bulls are drawing heart from the strong employment data in the U.S., military action in Libya, which could disrupt supply from the OPEC member, also aided prices. Sukrit Vijayakar business The move increases the risk that Libyan oil output will be shut in as the NOC in Tripoli is the only legal entity with the right to sell oil. Sukrit Vijayakar business Things are not quite the same as in the previous decade, when Iran was regarded as a menace and a threat. Over the last three-four years Iran has behaved itself - according to everybody, it's only Trump who wants to back out of the deal, but he wants to back out of so many deals ... If you keep saying about backing out, you lose credibility as a state. Everyone is feeling the pinch of OPEC cuts anyway. Sukrit Vijayakar company-news In the wake of the coordinated attack on Syria, oil prices are significantly lower ... (but) the impact appears to be compact and over. Sukrit Vijayakar business We now have some data on vaccine rollouts, which show that acceptability is a bit on the low side, so pace of implementation may be slow... There may well be a bearish momentum developing (in oil markets). Sukrit Vijayakar We have to believe that the COVID-19 virus will be contained sooner rather than later. I'm optimistic we should see some positive news by mid next week at the latest, subsequently, the sudden drop in demand will rise back just as suddenly, to at least 75% to 90% of prior levels. The rise back will be spurred by current low prices. Sukrit Vijayakar
