Arab Today, arab today oil market gains ground
Last Updated : GMT 12:21:06
Arab Today, arab today
Arab Today, arab today

Oil market gains ground

Arab Today, arab today

Arab Today, arab today Oil market gains ground

Global oil prices rise
London - AFP

Global oil prices rose Tuesday but gains were limited as dealers sat on the sidelines eyeing negotiations aimed at ending a strike at some US crude refineries, analysts said.
European benchmark Brent North Sea crude for April delivery won $1.22 to $60.76 a barrel in London midday deals.
New York's West Texas Intermediate (WTI) for April added 71 cents to $50.30 a barrel.
Talks to settle a strike by workers at three major US refineries operated by Royal Dutch Shell are set to restart Wednesday following a stalemate on February 20.
More than 5,000 workers spread across around a dozen installations have been on strike since February 1 demanding improved wages and safety conditions.
Daniel Ang, investment analyst at Phillip Futures in Singapore, said oil prices are "trading range-bound" ahead of the talks.
With storage space for unprocessed crude "reaching full capacity" at the key Cushing, Oklahoma, oil storage hub, oil majors could be compelled to reach a speedy conclusion to the dispute, Ang said.  
The strike affects facilities accounting for about 13 percent of the processing capacity in the world's top crude consumer, according to Bloomberg News.
Nicholas Teo, market analyst at CMC Markets in Singapore, said dealers were also monitoring fresh marathon talks in Switzerland between the United States and crude producer Iran over Tehran's controversial nuclear programme.
The Islamic republic has been crippled by a series of UN and US sanctions, including on crude exports, aimed at bringing an end to its nuclear drive, which the West claims is being used to develop atomic weapons. Iran denies the claims.
The pace and intensity of the negotiations to hammer out a deal to rein in the nuclear programme in exchange for sanctions relief have gathered pace as a March 31 deadline for a political accord nears.
Markets are eyeing the possibility that "Iran may be able to bring back its supply into the global pot", Teo said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today oil market gains ground Arab Today, arab today oil market gains ground

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today oil market gains ground Arab Today, arab today oil market gains ground

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday