Oil at its lowest since early October and continues to fall in price, Brent - $ 80 per barrel
14:40 19.11.2021 3524
Oil finished trading on Wednesday at the lowest level since early October and continues to fall in price.
The market continues to react to news that the administration of US President Joe Biden is considering selling oil from the strategic reserve. At the same time, during a virtual summit with Chinese President Xi Jinping, the possibility of a similar step by China was discussed, Interfax reports.
The oil market was not supported even by the data on the reduction of oil reserves in the US last week, MarketWatch notes.
January futures for Brent oil on the London stock exchange ICE Futures by 08:05 Moscow time fell in price by $ 0.28 (0.35%) – to $ 80 per barrel. On Wednesday, their price fell by $ 2.15 (2.6%) and amounted to $ 80.28 per barrel at the close, which is the lowest level since October 7.
Quotations of futures for the WTI grade for December in electronic trading on the New York Mercantile Exchange (NYMEX) in the morning are reduced by $ 0.67 (0.86%) – to $ 77.69 per barrel. As a result of the previous session, their price fell by $ 2.4 (3%), ending the day at $ 78.35 per barrel – at least since October 1.
Oil reserves in the United States last week decreased by 2.1 million barrels – to 433 million barrels, the country's energy ministry said. Gasoline reserves decreased by 707 thousand barrels, distillates – by 824 thousand barrels.
The President of Turkmenistan congratulated Shahbaz Sharif on his election as Prime Minister of Pakistan
President of Turkmenistan Serdar Berdimuhamedov sent congratulations to Mian Muhammad Shahbaz Sharif on his election to the post of Prime Minister of the Islamic Republic of Pakistan.
Ashgabat has become the center for hosting an exhibition of Afghan goods and a business forum between the two countries
On Monday, March 4, exhibition of Afghan goods opened in the capital of Turkmenistan, accompanied by a business forum for the business communities of both countries. Among the priority areas for the development of multifaceted cooperation, the energy sector has been highlighted. A significant delegation of representatives from Afghan government structures, as well as executives and specialists from over 230 companies and firms interested in mutually beneficial cooperation, arrived in Ashgabat to participate in the events.
Installation of equipment in the energy service center of Turkmenistan started
The specialists of the contracting organization – the Çalık Enerji company – have started equipping the Center for the repair and maintenance of power equipment, «Turkmenistan: Golden Age» website reports. The center is being built by order of the State Corporation «Turkmenenergo».
Turkmenistan and Turkey signed documents on cooperation in the gas sector
Turkmenistan and Turkey signed documents on cooperation in the gas sector, the Ministry of Foreign Affairs of our country reports on its official website.
The industry meeting summed up the results of the oil and gas complex for the first half of the year
In the central building of the oil and gas complex of Turkmenistan on July 15, a reporting meeting for the results of the industry's work for the past half-year, held under the motto "The Year of Happy Youth with Arkadagly Serdar" was held. During the meeting, the tasks assigned to the country's oil and gas complex by President Serdar Berdimuhamedov at the expanded meeting of the Cabinet of Ministers of Turkmenistan held on July 14 were discussed, and the results of the work of the branches of the national economy were summed.