Brent rose to $107.93 a barrel on fears of a decline in supply
14:53 21.04.2022 11311
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.
The seaport of Turkmenbashi in 2021 increased the volume of cargo transportation by 28%
The seaport of Turkmenbashi in 2021 increased the volume of cargo transportation by 28% compared to 2019. This was announced by the Ambassador, Permanent Representative of Turkmenistan to the UN Office in Geneva, Atageldy Khaljanov, speaking at the conference "International transport and transit corridors: interconnection and development" that opened on Monday in Ashgabat.
Turkmenistan and Kazakhstan aim to promote partnership in the fuel and energy sector, transport and other areas
On February 3, political consultations between the foreign ministries of Turkmenistan and Kazakhstan were held in Astana, the Ministry of Foreign Affairs of our country reported.
Volumes of petroleum products for 2022 for domestic consumers have been changed
Turkmenistan has made changes and additions to the volume of oil products for 2022 for domestic consumers, approved by the document of the head of state dated January 21 this year.
Turkmenistan voiced its position on priority areas of cooperation with the ECO
A delegation of Turkmenistan headed by Deputy Foreign Minister Ahmet Gurbanov took part in the First Meeting of the High-Level Committee of Deputy Foreign Ministers of the Economic Cooperation Organization (ECO) countries, held in Tehran, the Ministry of Foreign Affairs of Turkmenistan reports.
Seydi refinery increases production and export of bitumen
The Seydi oil refinery is consistently increasing the output of oil products and increasing the volume of export deliveries. Over the past period of the year, passing under the motto "Epoch of people with Arkadag", a batch of high-quality road bitumen in the amount of 1300 tons was sent from the enterprise to Uzbekistan.