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Bamufad: Oil rises with the contraction of Kuwait production for a third day because of the strike .. and Iran exports gradually lifts
term / Reuters
Oil prices rose on Tuesday, after working in the sector in Kuwait strike led to a decline incrude output by about half what dominates the decline in morale after the producers to reach an agreement to install a production failure on Sunday.
And entered the strike , thousands of workers in Kuwait 's oil sector third day to protest against the reform of the public sector pay plans which led to a decline in the country 's production of crude to 1.5 million barrels aday , according to its statement to Kuwait news agency (KUNA) , citing a spokesman for the sector.
and a little more than the figure for the average output of Kuwait in March stood at 2.8 million barrels per day.
It was futures trading for crude International benchmark Brent crude price of $ 43.31 a barrel by 0828 GMT , an increase of 40 cents from the closing price on Monday, while futures US crude rose by 33 cents to $ 40.11 a barrel.
However, analysts said production in Kuwait crashes will briefly likely that investors will return to focus soon on the oversupply of crude in the market in light of large exporters failed to agree on the installation of production on Sunday in an effort to spare the market glut larger.
the official spokesman for the Kuwaiti oil sector , Sheikh Talal Al- Khalid Al - Sabah , on Tuesday, said that " the average crude oil production reached 1.5 million barrels per day, despite the entry of a strike of oil workers in its third day."
this average is higher by 36 percent from the first day of the strike , while production reached 1.1 million barrels per day , compared with about three million barrels before the strike.
the aim of the strike declared by the oil unions to pressure the government for the oil sector , an exception to the strategic alternative that the government wants to implement the project.
the project alternative strategic is a new structure for salaries and financial benefits and functional advantages the government wants to apply to state employees, is rejected by the oil unions and demanding the exception workers of the oil sector of it.
he said Sheikh Talal said in a statement, "Reuters" received a copy of it, "Kuwait oil Company accelerated thepace to run a central assembly 21 and 24 to complete the natural production of crude oil and gas rates and that the company utilize competencies and expertise to work to occupy other collection points. "
he added that" operations in the Kuwait national Petroleum Company is going according to planned exactly as it is currently being run on industrial island 's export of petroleum derivatives as well as the continued load two tankers from the pier Mina Al - Ahmadi oil products as well as the company was willing to load tankers withfuel oil tomorrow morning. "
and that " the national oil company to meet the company 's needs of the local market, power plants , gas, petrol and petroleum products."
Talal said that " the international marketing sector still meets the needs of customers and there were no reports of any delays or schedule for the operations of crude oil shipped for export."
from For his part, Deputy Russian energy Minister Kirill Molodtsov said that his country is considering increasing its production of crude this year and it is likely that the target level of 540 million tonnes of crude compared with 534 million tons last year.
she Venezuela, an OPEC member, it hopes to increase its exports of crude this year to 2.3 million barrels per day.
portend increased production worsen the oversupply in the global markets, which led to a drop in prices to levels that are the lowest in several years where receive market supply exceeding demand by between one and two million barrels of crude per day.
as quoted IRNA news for the corner Javadi religion deputy oil minister as saying on Tuesday, " the country's crude oil production will reach levels before the sanctions within two months , stressing Tehran 's commitment to strengthening its production."
said Javadi he "will return to levels before the sanctions by the end of the month Khordad Iran on June 20 ".
the Iranian oil production has a little less than four million barrels per day before the imposition of sanctions on the oil industry in 2011 and 2012.
he said Javadi last week that production has already exceeded 3.5 million barrels per day.
reinforced Iran 's exports of crude oil since the early April to about 1.75 million barrels per day , according to asource in the oil industry and data shipping.
seeks Iran, the third largest producer in OPEC, to regain market share after the lifting of international sanctions against it.
If whether Iran has maintained this level for the rest of April will increase Total exports during the month , theaverage March , exports of around 1.6 million barrels per day, and says it has issued more than indicated by the figures.
And entered the strike , thousands of workers in Kuwait 's oil sector third day to protest against the reform of the public sector pay plans which led to a decline in the country 's production of crude to 1.5 million barrels aday , according to its statement to Kuwait news agency (KUNA) , citing a spokesman for the sector.
and a little more than the figure for the average output of Kuwait in March stood at 2.8 million barrels per day.
It was futures trading for crude International benchmark Brent crude price of $ 43.31 a barrel by 0828 GMT , an increase of 40 cents from the closing price on Monday, while futures US crude rose by 33 cents to $ 40.11 a barrel.
However, analysts said production in Kuwait crashes will briefly likely that investors will return to focus soon on the oversupply of crude in the market in light of large exporters failed to agree on the installation of production on Sunday in an effort to spare the market glut larger.
the official spokesman for the Kuwaiti oil sector , Sheikh Talal Al- Khalid Al - Sabah , on Tuesday, said that " the average crude oil production reached 1.5 million barrels per day, despite the entry of a strike of oil workers in its third day."
this average is higher by 36 percent from the first day of the strike , while production reached 1.1 million barrels per day , compared with about three million barrels before the strike.
the aim of the strike declared by the oil unions to pressure the government for the oil sector , an exception to the strategic alternative that the government wants to implement the project.
the project alternative strategic is a new structure for salaries and financial benefits and functional advantages the government wants to apply to state employees, is rejected by the oil unions and demanding the exception workers of the oil sector of it.
he said Sheikh Talal said in a statement, "Reuters" received a copy of it, "Kuwait oil Company accelerated thepace to run a central assembly 21 and 24 to complete the natural production of crude oil and gas rates and that the company utilize competencies and expertise to work to occupy other collection points. "
he added that" operations in the Kuwait national Petroleum Company is going according to planned exactly as it is currently being run on industrial island 's export of petroleum derivatives as well as the continued load two tankers from the pier Mina Al - Ahmadi oil products as well as the company was willing to load tankers withfuel oil tomorrow morning. "
and that " the national oil company to meet the company 's needs of the local market, power plants , gas, petrol and petroleum products."
Talal said that " the international marketing sector still meets the needs of customers and there were no reports of any delays or schedule for the operations of crude oil shipped for export."
from For his part, Deputy Russian energy Minister Kirill Molodtsov said that his country is considering increasing its production of crude this year and it is likely that the target level of 540 million tonnes of crude compared with 534 million tons last year.
she Venezuela, an OPEC member, it hopes to increase its exports of crude this year to 2.3 million barrels per day.
portend increased production worsen the oversupply in the global markets, which led to a drop in prices to levels that are the lowest in several years where receive market supply exceeding demand by between one and two million barrels of crude per day.
as quoted IRNA news for the corner Javadi religion deputy oil minister as saying on Tuesday, " the country's crude oil production will reach levels before the sanctions within two months , stressing Tehran 's commitment to strengthening its production."
said Javadi he "will return to levels before the sanctions by the end of the month Khordad Iran on June 20 ".
the Iranian oil production has a little less than four million barrels per day before the imposition of sanctions on the oil industry in 2011 and 2012.
he said Javadi last week that production has already exceeded 3.5 million barrels per day.
reinforced Iran 's exports of crude oil since the early April to about 1.75 million barrels per day , according to asource in the oil industry and data shipping.
seeks Iran, the third largest producer in OPEC, to regain market share after the lifting of international sanctions against it.
If whether Iran has maintained this level for the rest of April will increase Total exports during the month , theaverage March , exports of around 1.6 million barrels per day, and says it has issued more than indicated by the figures.
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