Oil prices exceeded $56. And Russia is considering extending production cuts

08-04-2017 11:18 AM


Oil futures prices climbed today more than two percent, reaching highs, after the United States fired dozens of rockets «cruise» air base in Syria, but stocks pared gains later in the absence of any immediate impact on supplies.Bush said it's Donald Trump rocket strikes on Syrian air base originated a deadly attack with chemical weapons earlier this week, he works for the national security interest us» «in the face of Syrian President Bashar Al-Assad.

After a weak trading before the attack, he jumped the global measurement ore blend «Brent» in the lead futures contract to $56.08 a barrel, as traders that fast reaction, before reducing its gains to $55.62 a barrel to 1.3 percent remains high on the level of the previous close.And ascended the US WTI futures more than two percent also to $52.94 a barrel before reducing its gains to $52.46 per barrel increased 1.45 percent of the previous settlement.

The materials reached the highest levels since early March.Although Syria's oil production is limited, but its location in the Middle East and alliances with senior producers raw raised fears about a widening conflict, disrupting crude shipments.

The strikes also affected global markets, us officials said that the army fired rockets 59 «cruise» Syrian air base controlled by Assad's forces, in response to a poison gas attack occurred in an area controlled by the opposition.Meanwhile, the head of the company «novatk», the largest non-governmental company for gas production, Leonid mihkelson today, stability of oil company production, which does not include capacitors, this year.

He added that the total production of condensers in gas project «Yamal» LNG will reach 1.2 million tons, while bringing the project to the maximum power to produce liquefied natural gas in 2019.The Chairman of the company «srghot nftghaz», the third largest oil producer in Russia, Vladimir bogdanov, told Reuters, "agency that his company is committed to a global agreement to cut oil production is aimed at supporting crude prices.

The Organization of petroleum exporting countries (OPEC) oil producers agreed and 11 from abroad, led by Russia, in December, to reduce overall production by about 1.8 million barrels per day to reduce global inventory glut and price support.

Oil Minister Alexander Novak said that Russia will cut oil production by 200 thousand barrels per day by the end of the first quarter, and 300 thousand barrels per day by the end of this month. And noted today that it is premature to talk about a possible extension of the cut.

The Ministry's meeting said he discussed with local oil producers and the Government the possibility of extending the agreement under which Russia pledged to reduce production of 300 thousand barrels per day.He said that the possibility of extending the agreement will clear by the end of this month or early May.