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 5230
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.
The Turkmenistan Investment Forum TIF-2024 has started in Ashgabat
The Turkmenistan Investment Forum (TIF 2024) has started its work in the Yildiz Hotel in Ashgabat on September 10. It is intended to become an important international platform for attracting investments to the economy of our country.
At the auction, fuel and energy products were sold abroad and to the domestic market
45 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.
The leaders of Turkmenistan and China agreed to build a new gas pipeline to China
President of Turkmenistan Gurbanguly Berdimuhamedov held a meeting with President of the People's Republic of China Xi Jinping as part of his visit to Beijing last Saturday, the State News Agency of Turkmenistan reports.
Fuel oil and gasoline ECO-93 worth more than 52 million US dollars sold at the stock exchange of Turkmenistan
36 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan over the past week.
Results of the work of fuel and energy enterprises in January were discussed
Reporting meeting was held in the Central building of the oil and gas complex of Turkmenistan on Monday. There the results of the work of industry enterprises for January 2022, held under the motto «Epoch of people with Arkadag», were discussed.