Brent rose to $107.93 a barrel on fears of a decline in supply
14:53 21.04.2022 10884
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.
An innovative technology has been introduced at the Gurrukbil field to increase the productivity of gas wells
Scientists from the Natural Gas Research Institute of the Türkmengaz State Concern and specialists from the Technology Center of the Academy of Sciences of Turkmenistan have successfully introduced into production an innovative technology that increases the productivity of depleted gas wells.
The President of Turkmenistan discussed prospects for partnership in the energy sector with the Minister of Energy of Turkey
On March 19, President Serdar Berdimuhamedov received the Minister of Energy and Natural Resources of the Republic of Turkey Alparslan Bayraktar, who is visiting Turkmenistan at the head of his country's delegation to participate in the International Conference "International Year of Peace and Trust: the Role of Interregional Economic Cooperation in Ensuring Sustainable Development", TDH reports.
The Ministry of Foreign Affairs of Turkmenistan discusses with the ambassadors of Norway and Sweden interaction within the framework of the EU’s Global Gateway initiative
The prospects of cooperation between Turkmenistan and the Scandinavian countries within the European Union, including the context of the EU’s Global Gateway initiative, were discussed on May 22 at a meeting between the Deputy Minister of Foreign Affairs of Turkmenistan Myahri Byashimova with the Ambassador of Norway to Turkmenistan John Mikal Kvistad and the Ambassador of Sweden to Turkmenistan Tomas Danestad, the Ministry of Foreign Affairs of our country reports.
President of Turkmenistan visited the world's largest gas field «Galkynysh»
On Monday, January 3, on the first working day of 2022, President Gurbanguly Berdimuhamedov made a working trip to Mary region. From Mary airport, the head of state flew by helicopter towards the super-giant Galkynysh gas field, which has colossal reserves of natural gas.