Out of bounds

Out of bounds



New York
Oil rises more than 2% with the production slowdown in the US
oil prices rose more than 2 percent mid - week to continue the longest series of daily gains in more than five years after the data pointed to a decline in US production, but analysts said the news about increasing in the production of OPEC Almkasp.oassadt International benchmark crude contracts may restrict Brent crude to the nearest maturity of 91 cents , or 1.9 per cent to settle at US $ 49.68 a barrel. The prices increased 5.2 percent last week in the first weekly gain in six Osabia.uartft futures for US light crude to $ 1.03 , or 2.2 per cent to settle at US $ 47.07 a barrel , the highest recorded level in nearly a month. It fell trading those contracts sizes day before the Independence Day holiday in the US Altdh.oukal Carsten Fritsch , oil analyst at Commerzbank , "it is limited to the sentiment in the market , " pointing to a decrease of 100 thousand barrels per day in the production of the United States due to tropical storms and maintenance work as well to a decline in the number of drilling rigs Alnafty.oodhav said , "overwhelmed these factors (temporary) on the impact of a sharp increase in OPEC production in June continued production in Libya, Nigeria and the increase, at least at the present time."


Moscow
Russian energy minister sees chance of rising oil prices in half / 2
news agency "Interfax news" for Russian Energy Minister Alexander Novak, he said, on Tuesday, he sees likely to increase world oil prices in the second half of Am.oodhav Novak, he believed that demand in the oil markets will increase in the third quarter of 2017 , according to Russian media agency also quoted him as saying that, does not rule out a separate meeting with his Saudi counterpart Khaled al - Faleh.


Tehran 's
Total approaching investment of two billion dollars in the petrochemical sector in Iran , an
Iranian official said on Tuesday that Total reached with Tehran , a preliminary agreement to build three factories for the production of petrochemicals in a deal that could see investment of French oil giant up to two billion dollars in Iran in the event of completion .onql site and the Iranian Ministry of oil Information on the internet, on Tuesday, for managing director of the national Iranian petrochemical company as saying , "in recent talks , the two sides reached an agreement to build petrochemical plants with a total capacity of 2.2 million tons of petrochemical products and Ca And polymers per year. "" We expect to invest Total between 1.5 billion and two billion dollars in the petrochemical sector if we reached a final ".ooukat France 's Total agreement deal with Tehran on Monday, to develop phase 11 of Iran 's South Pars field, the largest gas field in the world, to become the first major Western company will continue in the energy sector there since the lifting of sanctions imposed on Tehran.


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