Brent rose to $107.93 a barrel on fears of a decline in supply
14:53 21.04.2022 10748
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.
Turkmenistan exported natural gas worth $ 6.1 billion to China in January-November
Turkmenistan continues to hold a leading position in pipeline export of «blue» fuel to China. According to the General Customs Administration of the PRC, during January-November 2021, the Celestial Empire received 21.91 million tons of Turkmen natural gas through the Turkmenistan-China pipeline, which is $ 6.1 billion in monetary terms.
In Ankara, at the meeting of the Intergovernmental Commission, cooperation between Turkmenistan and Turkey in the oil and gas sector was emphasized
As part of the working visit of the delegation of Turkmenistan to Turkey, the eighth meeting of the Intergovernmental Turkmen-Turkish Commission on Economic Cooperation was held in Ankara on February 24-25, the Ministry of Foreign Affairs of Turkmenistan reported today.
Management of «Gumdagnebit» significantly increased the rate of production growth in January-February
Oil and gas production department «Gumdagnebit» of the State Concern «Turkmennebit» in January-February 2023, held under the motto «The Year of Happy Youth with Arkadagly Serdar», ensured the production of about 91 thousand tons of oil from existing wells. At the same time, the plan for the reporting period was fulfilled by 112 percent. Compared to the same period last year, the achieved growth rate exceeded 124 percent.
The final results of the elections of deputies to the Mejlis, members of the Halk Maslahaty and Gengeshes have been summed up
The final results of the nationwide elections of deputies of the Mejlis, members of the halk maslahaty and Gengeshes, held on March 26, were summed up on Wednesday at a meeting of the Central Commission for Elections and Referendums in Turkmenistan (CEC), TDH reports.
The volume of purchases of Turkmen gas by Gazprom will double in 2021, - Russian Ambassador to Turkmenistan
In 2021, the volume of gas purchased by Gazprom from Turkmenistan is likely to double and amount to about 10 billion cubic meters. This was stated on Friday by the Russian Ambassador to Turkmenistan Alexander Blokhin at a press conference at the embassy dedicated to the annual results of the Turkmen-Russian cooperation.