Oil prices continue to rise, Brent is above $121 a barrel
19:03 08.06.2022 8534
Oil prices continue to rise on traders' expectations that the demand for energy resources on the world market will exceed their supply due to the start of the automobile season in Western countries, as well as the lifting of anti-COVID restrictions in China, Interfax reports.
«Morgan Stanley» analysts Martijn Raths and Amy Sergeant expect the oil market to face a 500,000 bpd deficit in the second half of this year. The «bullish» scenario of experts (playing on the increase in prices) provides for an increase in oil prices to $150 per barrel in the third quarter.
The cost of August futures for Brent oil on the London ICE Futures exchange by 8:20 Moscow time on Wednesday was $121.15 per barrel, which is $0.58 (0.48%) higher than the price at the close of the previous session. As a result of trading on Tuesday, these contracts rose by $1.06 (0.9%) to $120.57 per barrel.
The price of futures for WTI oil for July in electronic trading on the New York Mercantile Exchange (NYMEX) by this time amounted to $120.11 per barrel, which is $0.7 (0.59%) higher than the final value of the previous session. The day before, the cost of these contracts increased by $0.91 (0.8%) to $119.41 per barrel, which is the highest since March 8.
Foreign investors were invited to take part in the implementation of «green» projects in Turkmenistan
A call for the participation of foreign investors in the implementation of «green» projects in Turkmenistan was made at the International Forum OGT-2022. This was stated in his speech by the chairman of the board of the State Bank for Foreign Economic Affairs of the country, Rahimberdi Jepbarov, speaking on Thursday at the session «Energy of a new epoch: prospects for internal and regional development».
Preparation of gas networks for the winter season begins in Dashoguz region
Gas workers of the Dashoguzgazupdzhunchilik gas business enterprise located in the S. Turkmenbashi etrap, along with the work on gasification of the region settlements and maintenance of gas networks, have begun preparations for the winter season.
In the top exchange trading – products of the oil and gas complex and textiles
24 transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan last week.
The heads of Turkmenistan and Pakistan discussed further interstate dialogue
Commitment to relations of friendship and brotherhood with Pakistan was confirmed by the newly elected President of Turkmenistan Serdar Berdimuhamedov in a telephone conversation with President of Pakistan Arif Alvi, the State News Agency of Turkmenistan reported on Tuesday.
SC «Turkmennebit» and Hybrid Innovation signed a contract for the supply of equipment
The state concern «Turkmennebit» and the German company Hybrid Innovation GmbH concluded a deal on Thursday on the sidelines of the international forum «Oil and Gas of Turkmenistan». The document signing ceremony was held online. The amount of the contract for the supply of technological equipment amounted to more than 6 million euros.