Oil continues to fall in price in anticipation of the OPEC+ meeting, Brent is trading at about $84 per barrel
15:42 04.11.2021 3080
Oil prices of benchmark brands continue to fall, which will take place on Thursday, Interfax reports, citing MarketWatch.
Some countries in the agreement say they lack the capacity to increase oil production, so they «will not support calls for increased production,» Zaner said in a statement. Nevertheless, «Saudi Arabia and Iraq have real capacity to increase production», analysts say the company.
According to experts, OPEC+ members did not seem to be able to increase production to the maximum allowed limits in October.
«Despite growing pressure from the main oil-consuming countries – Japan, following the US and India, now also calls for increased production – OPEC+ has not shown any signs that they are ready to do this,» Karsten Fritsch, an analyst at Commerzbank said.
By 08:05 Moscow time, January Brent oil futures on the London ICE Futures market fell by $0.68 (0.8%) to $84.04 per barrel. On Tuesday, their price fell by $0.01 and amounted to $84.72 per barrel at the close.
WTI futures for December in electronic trading on the New York Mercantile Exchange (NYMEX) in the morning fell by $1.05 (1.25%) – to $82.86 per barrel. Following the results of the previous session, their price decreased by $0.14 (0.2%) and amounted to $83.91 per barrel.
Delegations of Turkmenistan and Pakistan Discuss the Implementation of the TAPI and TAP Projects at the ADIPEC 2023 Forum
As part of the ADIPEC 2023 International Petroleum Exhibition and Conference, taking place these days in Abu Dhabi, the Turkmen delegation met with the Acting Federal Minister of Energy, Power and Petroleum of Pakistan Muhammad Ali, Orient reports.
Fuel and energy complex enterprises took part in the second virtual exhibition, which opened in honor of the Day of Neutrality of Turkmenistan
On the eve of the Day of Neutrality of Turkmenistan, the second virtual exhibition of the economic achievements of our country was opened on Thursday. The exhibition is organized by the Chamber of Commerce and Industry in partnership with ministries and departments, private enterprises of Turkmenistan.
President of Turkmenistan congratulated workers of the oil and gas industry and geology on their professional holiday
Today, December 14, Turkmenistan celebrates the Day of Oil and Gas Industry and Geology Workers. On this occasion, President of Turkmenistan Gurbanguly Berdimuhamedov sent a congratulatory message to the workers of the oil and gas industry of our country.
Representatives of IOGU Take Part in the International Forum in Beijing
The delegation of Turkmenistan took part in an international conference entitled “Towards Carbon Neutrality: Education, Technology, Talents”, timed to coincide with the 70th anniversary of the China University of Petroleum and held in Beijing on October 1-2.
New technologies make work at gas stations more comfortable
Employees of the Gubadag Oil Enterprise of the Main Directorate of «Turkmennebitonumleri» for 11 months of this year have demonstrated effective results of their activities. After major reconstruction, a filling station No. 170 was put into operation, located in the eastern part of the Gubadag-Dashoguz highway.