ASIA: The Stocks Gained

Singapore's stocks rose, helping the Straits Times Index to its biggest gain in two weeks. Keppel Corp. led advances among oil-services companies after crude prices reached an 11-month high of $76 a barrel.

The Straits Times Index climbed 46.76, or 1.3 percent, to 3,651.38 at the close of trading, its biggest advance since July 9. Gains today helped trim the measure's loss this week to 0.1 percent, after two consecutive weekly gains. The July futures contract rose 1.2 percent to 450.4.

Crude oil for August delivery rose 1.2 percent to $75.92 a barrel on the New York Mercantile Exchange yesterday, after earlier climbing to as much as $76. That's the highest intraday price since Aug. 10 last year.

Via: NefteGaz

SOCARIsrael ready to sign long-term agreement on gas import from Azerbaijan
Vice-president of State Oil Company of Azerbaijan Republic (SOCAR) Elshad Nasirov visited Israel several days ago, Israeli Infrastructure Minister Benyamin Ben-Elizeer says. He said that mutual cooperation prospects of the two countries in the field of oil-gas have been debated during the visit.

Israel stated that it is ready to conclude an agreement with official Baku on gas import from Azerbaijan for 20-30-year term.
Via: Today

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