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 3329
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.
Environmentally friendly and high-tech project at «Galkynysh» will be successfully implemented, - representative of «CNPC»
When carrying out construction work at the Galkynysh field, modern scientific and technical justifications and methods will be used, and wells will be drilled at the highest quality level. This was stated by Chen Huailong, Director General of the China National Petroleum Corporation (CNPC) branch in Turkmenistan, speaking at a ceremony marking the start of construction of those new wells in the giant Galkynysh gas field.
TCOR produced more than 41.6 thousand tons of polypropylene in seven months
Turkmenbashi complex of oil refineries systematically increases the production of polypropylene, which is in great demand both in the domestic and foreign markets.
Turkmenistan is one of the three leaders in the supply of automobile fuel to Georgia
For the first half of the year, Georgia imported 669.2 million liters of gasoline and diesel fuel. The largest volume of fuel during this period was imported from Romania – 23.77%, Turkmenistan – 23.75% and Russia – 21.1%.
Structural units of the oil and gas complex took an active part in the nationwide tree planting campaign
Last Saturday, a nationwide tree planting campaign started across the country. The spring campaign, which has become a tradition, is designed to ensure environmental well-being throughout the country. In this regard, in all velayats, as well as in the cities of Ashgabat and Arkadag, the planting campaign was held at a high organizational level.
The President of Turkmenistan congratulated Vladimir Putin on his re-election as President of the Russian Federation
President of Turkmenistan Serdar Berdimuhamedov, on behalf of the people and government of Turkmenistan, as well as on his own behalf, sent heartfelt congratulations to Vladimir Putin on the occasion of his victory in the elections and re-election as President of the Russian Federation.