OPEC expects drop in oil demand in 2020 to 90.7 million b / s with growth to 97.7 million b / s in 2021
00:42 16.07.2020 6301
The forecast for oil demand in 2020 has been increased by 100 thousand barrels per day - up to 90.7 million bpd, which means a decrease of 8.9 million bpd compared to 2019, INTERFAX reports with reference to the OPEC monthly report. At the same time, in 2021, the consumption of liquid hydrocarbons will increase by 7 million b / s - up to 97.7 million b / s, although it will remain below the level preceding the COVID-19 pandemic, the cartel said. Preliminary data showed that in May general commercial reserves OECD oil prices grew for the third month in a row - by 29.9 million barrels compared to April, to 3.167 billion barrels, OPEC writes. This figure was 233.2 million barrels higher than the same period last year, and 209.5 million barrels above the five-year average. At the same time, oil reserves grew by 9.7 million barrels, and oil products - by 20.2 million barrels compared to the previous month. According to preliminary data for June, total commercial oil reserves in the United States grew by 31.7 million barrels per month and amounted to 1.462 billion barrels. This figure is 158 million barrels higher than a year ago, and 173 million barrels above the average for the last five years. Oil and petroleum product inventories in the United States grew by 6.8 million barrels and 24.9 million barrels, respectively.
Opportunities for partnership in the field of investment were discussed with the leadership of the Japanese agency NEXI
Minister of Foreign Affairs of Turkmenistan Rashid Meredov met on Wednesday with Atsuo Kuroda, the Executive Director of the Japan Nippon Export and Investment Insurance Agency (NEXI), which provides insurance coverage for financing joint economic projects implemented by the Japanese and Turkmen sides. This is reported by the website of the Foreign Ministry of Turkmenistan.
Turkmenistan aims to strengthen cooperation with financial institutions of Japan
During a working visit to Japan on January 22-23, the Turkmen delegation led by Foreign Minister Rashid Meredov met with the Chairman and CEO of the Japan External Trade Organization (JETRO) Ishiguro Norihoko, as well as the Chairman and CEO of the Japan Export and Investment Insurance Agency (NEXI) Atsuo Kuroda, reports the website of the Ministry of Foreign Affairs of Turkmenistan.
In ten months, more than 1.5 million tons of oil from Turkmenistan were transported through the Transneft pipelines
In January-October, 1.53 million tons of oil from Turkmenistan was transported through the Transneft oil pipeline system in the Russian Federation. Of these, 80.9 thousand tons of «black gold» were transported in October alone. Interfax reports.
Turkmenistan and Afghanistan are ready to expand effective partnership and implement joint projects
The results of the Turkmen-Afghan negotiations held in Kabul by the delegation of Turkmenistan are aimed at expanding effective partnership in priority areas. This was announced at a press conference by the Minister of Foreign Affairs of Turkmenistan Rashid Meredov and acting Minister of Foreign Affairs of Afghanistan Amir Khan Muttaki, the website of the Foreign Ministry of Turkmenistan reports.
Issues of holding the first Summit of the countries participating in the “Central Asia + Japan” Dialogue were discussed in Japan
In Tokyo on January 23, the Minister of Foreign Affairs of Turkmenistan Rashid Meredov met with the Minister of Foreign Affairs of Japan Yoko Kamikawa, the website of the Ministry of Foreign Affairs of Turkmenistan reports.