Oil continues to fall in price in anticipation of the OPEC+ meeting, Brent is trading at about $84 per barrel
10:42 04.11.2021 4647
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.
Global demand for oil will grow until 2028, – IEA
The International Energy Agency (IEA) predicts in a June report that global oil demand will reach 105.7 million bpd in 2028, up 5.9 million bpd from 2022 levels.
Corporation “Turkmenenergo” will build solar power plants in remote areas of Turkmenistan
In remote settlements of Turkmenistan, the Turkmenenergo energy corporation plans to build solar power plants with a total capacity of more than 6 MW at the first stage. This was announced by the head of the service for the development of renewable energy sources “Turkmenenergo” Dovlet Allayarov at the International Scientific and Practical Conference: «Energy Prospects, New Technologies for the Development of Hydrocarbon Deposits”, which took place on Thursday in Ashgabat.
Pre-conference events were held at IUOG on the eve of the scientific forum
Two pre-conference events were held at the Yagshygeldi Kakaev International University of Oil and Gas (IUOG) on June 14 on the eve of the International Scientific and Practical Conference: «Energy Prospects, New Technologies for the Development of Hydrocarbon Deposits».
Schoolchildren’s summer holiday season starts in Geokdere
The summer vacation season is currently in full swing in our country. Tired of the school bustle, the children plunged headlong into the atmosphere of joy, fun and new adventures that every day gives them, spent in one of the many children’s health centers in the picturesque corner of our country – the Geokdere Gorge.
TS-1 aviation kerosene and oil bitumen were in demand at exchange trading
At the auction on Monday, June 12, 24 transactions were concluded for a total of $1 million and 150 million Turkmen manats, ORIENT reports.