Brent rose to $107.93 a barrel on fears of a decline in supply
19:53 21.04.2022 9521
Oil quotes are rising on Thursday due to fears of a decrease in supply on the world market with a sharp reduction in US inventories.
Libyan production fell due to political protests, while European countries continue to discuss the possibility of limiting the import of Russian energy resources. Thus, German Foreign Minister Annalena Burbock said on April 20 that Germany would completely stop importing Russian oil by the end of the year.
By 8:15 am Moscow time, June Brent futures rose by $1.13 (1.06%) on the London ICE Futures exchange by $1.13 (1.06%) against Wednesday's closing price and traded at $107.93 per barrel, Interfax reports. During the previous session, Brent fell by $0.45 (0.4%) to $106.8 per barrel.
June futures for WTI by that moment were rising in price in electronic trading on the New York Mercantile Exchange (NYMEX) by $0.99 (0.97%), up to $103.18 per barrel. On Wednesday, the contract rose by $0.14 (0.1%) to $102.19 per barrel.
US commercial oil inventories last week fell by 8.02 million barrels, the fastest pace since January 2021, to 413.73 million barrels, data from the US Department of Energy showed. Experts polled by Bloomberg expected an average increase in stocks of 3 million barrels.
Inventories at the terminal in Cushing, Oklahoma, where oil traded on Nymex is stored, decreased by 185,000 barrels to 26.2 million barrels, the Energy Ministry said. US oil production rose by 100,000 barrels per day (bpd) to 11.9 million bpd.
President of Turkmenistan made online speech at the 76th session of the UN General Assembly
President of Turkmenistan Gurbanguly Berdimuhamedov in his video message to the participants of the 76th session of the UN General Assembly called on states to overcome differences and unite in order to solve the most acute problems of the global level.
TCOR showed new products at the exhibition in honor of the 30th anniversary of the independence of Turkmenistan
The exhibition of the achievements of Turkmenistan, timed to coincide with the holiday of the 30th anniversary of the country's independence, was successfully held in the capital's Expocentre of the Chamber of Commerce and Industry on September 21-22.
Saudi Arabia supports Turkmenistan's position on TAPI implementation, - Ambassador
Saudi Arabia fully supports the implementation of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline. This was stated by the Ambassador of Saudi Arabia to Turkmenistan Said Osman Ahmed Suweid in an article published in the newspaper «Neutral Turkmenistan» on the occasion of the celebration of the Day of the Proclamation of the Kingdom of Saudi Arabia.
President of Turkmenistan: the upcoming visit to Turkey will open new pages in Turkmen-Turkish cooperation
President of Turkmenistan Serdar Berdimuhamedov expressed confidence that the upcoming official visit to the Republic of Turkey will open new pages in the further development of Turkmen-Turkish friendly and fraternal relations.
At the SCRMET auctions, export deals were concluded for diesel fuel, aviation and lighting kerosene, petroleum bitumen and fuel oil
Thirty-three transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.