"In case no permit is issued for the
import of petrol, petrol will definitely have to be rationed in the second
half of the current [Iranian] year [after September]."
Kamal Daneshyar, chairman of the Majlis
Energy Committee, said, if parliament does not provide additional funding to
the oil ministry to ensure adequate supply, quoted by the Fars news agency.
|
"The market is more
techincally driven as opposed to fundamentally driven."
A broker said, Tuesday, as IPE Brent
crude futures drifted lower in London as the first tropical storm of the new
hurricane season, Alberto, looked unlikely to hit any US Gulf Coast oil or
gas facilities.
|
"Maybe if the
hurricane season is mild, although reports say otherwise, markets could get
really soft because the market will be flushed with oil."
A market analyst said Tuesday, as a glut
of fresh fundamental news is having a bearish effect on the crude futures
markets. |
