Oil rose to a record $139 per barrel due to a possible ban on supplies to the US from Russia
20:34 07.03.2022 3027
Oil rose in price on Monday to its highest level since 2008, reaching almost $140 per barrel, after reports of a possible US ban on its imports from Russia, Interfax reports.
The United States, along with its allies in Europe, is «actively discussing» the possibility of not importing Russian oil, Secretary of State Anthony Blinken said in an interview with NBC.
Washington can go on an embargo without the participation of European allies, two Bloomberg sources said. At the same time, no decision has yet been made on this issue.
The House of Representatives of Congress is studying the possibility of developing a bill to ban the import of Russian oil, said Speaker of the Lower House Nancy Pelosi.
Russia accounts for roughly 3% of US oil imports, official US data show.
Against the background of statements from Washington, futures for Brent oil rose by 18% in early trading on Monday and at one point exceeded $139 per barrel. At 07:30 Moscow time, the price of contracts is about $129 per barrel.
Analysts at JPMorgan Chase & Co. Believe that Brent could reach $185 per barrel by the end of the year if supply disruptions from Russia continue.
Trade turnover between Turkmenistan and China in the first half of the year increased by 12.3%
In the first six months of 2023, the trade turnover between Turkmenistan and China increased by 12.3% compared to the same period last year, amounting to about $5.55 billion, according to the General Administration of Customs of China.
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%.
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.
Uninterrupted operation of the checkpoint is ensured on the Turkmen-Afghan border, - MFA
Turkmenistan continues to ensure the uninterrupted operation of checkpoints on the Turkmen-Afghan border, the website of the Ministry of Foreign Affairs of Turkmenistan reports.