Oil hits highest level since June with a likely drop in US inventories
Reuters / New York-Dubai-Doha
Oil prices rose towards $ 52 a barrel on Wednesday, marking the highest level since June with support from a report on thepossibility that US inventories fell for the fifth week in a row and agreement Organization of Petroleum Exporting Countries (OPEC) to cut production.
The American Petroleum Institute, on Tuesday , said US crude stocks fell by 7.6 million barrels per day ,which would represent a decline for the fifth consecutive week if confirmed by the US energy Information administration released on Wednesday management data.
by 0948 GMT , was trading the global London Brent crude price of $ 51.74 a barrel , up 87 cents . Crude touched 51.81 dollars a barrel during the session, its highest level since the tenth of June, US crude rose 81 cents to $ 49.50 a barrel.
If the US crude stocks fell again , it will bolster the view that the oversupply of crude , which put pressure on prices since 2014 are to recede. With Abu Dhabi National Oil Company (ADNOC) , she said she identified retroactive official selling shipments of September , the price of benchmark crude Murban at $ 45.50 a barrel.
In this report as well as the official selling price for Murban price in September , $ 2.17 per barrel above theaverage crude price of Dubai , up 12 cents from the price of the previous month , teams and within theaverage range for differences in spot prices for shipments that were sold last month.
also rose Furthermore ore Das above the average Dubai crude price of 12 cents is also a barrel on the official selling price while landed Furthermore ore upper Zakum by 13 cents.
the news agency said the official Emirates , said the two Dolphin and Qatargas signed an agreement of theUnited Arab Emirates to supply the gas.
the agency said in a tweet on Twitter "giants Dolphin and Qatargas sign an agreement to supply gas to theUAE to provide the Electricity and water Authority of Sharjah and gas Ras Al Khaimah over the line nautical tubes." I
did not Agency the details on the time frame of the agreement or the amount of gas that will be supplied.
pumped Dolphin pipeline two billion standard cubic feet per day of gas from Qatar to the UAE and Oman.
and has become one of Qatar one of the richest countries in the world thanks to the sale of gas produced by the North offshore field giant to Europe Asia, the Americas and use some of these profits to fund itspreparations to host the FIFA world Cup tournament in 2022.
for its part identified Qatar retroactive official selling shipments September marine crude price at $ 42.45 a barrel , down 55 cents a barrel from the previous month , according to a document from the Qatar International company for Petroleum Marketing Ltd. (Marketing) , seen by Reuters.
and Qatar also set the official selling price of crude for automobile in September at $ 44.25 a barrel , down 15 cents from the previous month.
The American Petroleum Institute, on Tuesday , said US crude stocks fell by 7.6 million barrels per day ,which would represent a decline for the fifth consecutive week if confirmed by the US energy Information administration released on Wednesday management data.
by 0948 GMT , was trading the global London Brent crude price of $ 51.74 a barrel , up 87 cents . Crude touched 51.81 dollars a barrel during the session, its highest level since the tenth of June, US crude rose 81 cents to $ 49.50 a barrel.
If the US crude stocks fell again , it will bolster the view that the oversupply of crude , which put pressure on prices since 2014 are to recede. With Abu Dhabi National Oil Company (ADNOC) , she said she identified retroactive official selling shipments of September , the price of benchmark crude Murban at $ 45.50 a barrel.
In this report as well as the official selling price for Murban price in September , $ 2.17 per barrel above theaverage crude price of Dubai , up 12 cents from the price of the previous month , teams and within theaverage range for differences in spot prices for shipments that were sold last month.
also rose Furthermore ore Das above the average Dubai crude price of 12 cents is also a barrel on the official selling price while landed Furthermore ore upper Zakum by 13 cents.
the news agency said the official Emirates , said the two Dolphin and Qatargas signed an agreement of theUnited Arab Emirates to supply the gas.
the agency said in a tweet on Twitter "giants Dolphin and Qatargas sign an agreement to supply gas to theUAE to provide the Electricity and water Authority of Sharjah and gas Ras Al Khaimah over the line nautical tubes." I
did not Agency the details on the time frame of the agreement or the amount of gas that will be supplied.
pumped Dolphin pipeline two billion standard cubic feet per day of gas from Qatar to the UAE and Oman.
and has become one of Qatar one of the richest countries in the world thanks to the sale of gas produced by the North offshore field giant to Europe Asia, the Americas and use some of these profits to fund itspreparations to host the FIFA world Cup tournament in 2022.
for its part identified Qatar retroactive official selling shipments September marine crude price at $ 42.45 a barrel , down 55 cents a barrel from the previous month , according to a document from the Qatar International company for Petroleum Marketing Ltd. (Marketing) , seen by Reuters.
and Qatar also set the official selling price of crude for automobile in September at $ 44.25 a barrel , down 15 cents from the previous month.
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