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DUBAI (Reuters) – Iraq is committed to the global supply cuts taken by OPEC and its allies and any decision to raise or decrease production must be taken collectively by OPEC, an Iraq oil ministry spokesman told Reuters on Monday cufflink shirts online. “Iraq does not take a unilateral decision to compensate for a reduction in the oil market for any reason,” Asim Jihad told Reuters, when asked on whether Iraq is ready to raise its output to compensate for a potential shortage in Iranian oil supplies. The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation told Reuters, triggering a 3 percent jump in crude prices to their highest so far this year..
DUBAI (Reuters) – Saudi Arabia is willing to compensate for any potential loss of crude supply if the U.S. ends waivers granted to buyers of Iranian oil, but the kingdom will assess the impact on the market before raising its output, a source familiar with Saudi thinking told Reuters on Monday. The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face sanctions, a source familiar with the situation told Reuters, triggering a 3 percent jump in crude prices to their highest so far this year cufflink shirts online.
BEIJING (Reuters) – China consistently opposes unilateral U.S. sanctions against Iran, the Chinese foreign ministry said on Monday amid reports that Washington is expected to announce that buyers of Iranian oil must halt imports soon or face sanctions. Ministry spokesman Geng Shuang, speaking at a daily news briefing, said China’s bilateral cooperation with Iran was in accordance with the law cufflink shirts online. China is a major importer of Iranian oil and was one of eight buyers who were granted a waiver by the United States to continue buying Iranian oil..
TOKYO (Reuters) – Carlos Ghosn on Monday applied for bail following his latest indictment over aggravated breach of trust, as the former Nissan Motor Co chairman fights his fourth indictment over financial misconduct. Ghosn’s defense team filed the bail request shortly after the indictment was announced, a Tokyo court said in a statement. The former executive faces three other charges including understating his income. He has denied all allegations against him and said he is the victim of a boardroom coup cufflink shirts online.
GUANGZHOU, China (Reuters) – Manufacturers in China facing trade barriers are deploying an array of moves to try to keep foreign customers – giving discounts, tapping tax breaks, trimming workforces and, occasionally, shifting production overseas to skirt tariffs. Tit-for-tat tariffs from the China-United States trade war have been costly for many cufflink shirts online. Adding to the strain on Chinese manufacturers have been European Union duties on Chinese products ranging from electric bikes to solar panels. March brought some encouraging news for manufacturers. Industrial output rose at its fastest rate since mid-2014 and exports rebounded more than expected, while first-quarter growth was better than expected..