{"id":7119,"date":"2012-01-17T20:50:01","date_gmt":"2012-01-17T18:50:01","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/us-to-ensure-oil-market-balanced-despite-iran-cuts\/"},"modified":"2012-01-17T20:50:01","modified_gmt":"2012-01-17T18:50:01","slug":"us-to-ensure-oil-market-balanced-despite-iran-cuts","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/us-to-ensure-oil-market-balanced-despite-iran-cuts\/","title":{"rendered":"US to ensure oil market balanced despite Iran cuts"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* U.S. in talks with suppliers and consumers on Iran<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Energy official says sufficient spare capacity available<\/p>\n<p><span><\/span><\/p>\n<p>By Agnieszka Flak<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Jan 17 (Reuters) &#8211; The United States has<br \/>\nbeen working with oil producers to ensure global supplies flow<br \/>\nsmoothly and ease concerns about a cut-off of crude from Iran,<br \/>\nwhich faces tougher sanctions for its suspected pursuit of<br \/>\nnuclear weapons, a senior official said on Tuesday.<\/p>\n<p><span><\/span><\/p>\n<p>U.S. Deputy Secretary of Energy Daniel Poneman also said<br \/>\nWashington had been in talks with all oil importers to find<br \/>\nalternatives to Iranian supply and would work to avoid any price<br \/>\nshocks.<\/p>\n<p><span><\/span><\/p>\n<p>Countries such as South Korea, the world&#8217;s fifth-largest oil<br \/>\nimporter, have warned they would find it difficult to replace<br \/>\nIranian supplies, and many have been concerned that sanctions<br \/>\npressure could lead to higher oil prices.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We are working with oil producing nations and oil consuming<br \/>\nnations to study ways in which we can make sure that as<br \/>\ncountries reduce their purchases of Iranian oil, that the weight<br \/>\nof that burden falls on Iran, not on the rest of the world,&#8221;<br \/>\nPoneman told journalists.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The idea is to do this in a manner that does not hurt the<br \/>\ngrowth of any of our countries,&#8221; he said.<\/p>\n<p><span><\/span><\/p>\n<p>Major importers of Iranian oil were long loath to embargo<br \/>\nthe lifeblood of Iran&#8217;s economy because of fears this would send<br \/>\noil prices rocketing at a time they could least afford it due to<br \/>\ndebt and deficit crises and high unemployment.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* U.S. in talks with suppliers and consumers on Iran * Energy official says sufficient spare capacity available By Agnieszka Flak JOHANNESBURG, Jan 17 (Reuters) &#8211; The United States has been working with oil producers to ensure global supplies flow smoothly and ease concerns about a cut-off of crude from Iran, which faces tougher sanctions [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-7119","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=7119"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7119\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}