Vice-Chairman of the Cabinet of Ministers Shakhym Abdrakhmanov, during an extended meeting of the government last Friday, reported on the work carried out by the oil and gas complex to increase oil and natural gas production, as well as the timely development of national investments in the coming years.

OPEC's new Secretary General, Kuwait representative Haitham al-Ghais, will take office on August 1.

Turkmenistan has started exporting A-98 gasoline of EURO-5 and EURO-6 standards, the first batches were sold to entrepreneurs from the United Arab Emirates and Afghanistan.

Minister of Foreign Affairs of Turkmenistan Rashid Meredov and Chinese Ambassador Qian Naicheng at a meeting on Thursday noted the great potential of bilateral trade and economic cooperation in the interests of developing regional and international partnerships, the website of the Foreign Ministry of Turkmenistan reports.

Saudi Arabia is expected to raise the price of its flagship oil for Asia in September, although traders see potential for spot price cuts next month, PRIME quotes Bloomberg. The coming months could be a turning point for the oil market, traders say.

Turkmenistan is interested in the reconstruction of Afghanistan, its integration into the world economic relations, development of infrastructure. This was stated by the Deputy Minister of Foreign Affairs of Turkmenistan Vepa Khadzhiev at the international conference "Afghanistan: security and economic development", held in Tashkent, the website of the Ministry of Foreign Affairs of Turkmenistan reports.

More than 2 million 628 thousand tons of oil were processed in Turkmenistan in the first half of the year. During the same period, 2 million 630 thousand tons of crude oil were delivered to the country's refineries, the newspaper Neutral Turkmenistan reported on Wednesday.

The spot price of gas in Europe by Tuesday evening exceeded $2,200/ths.m3 in anticipation of the failure of another gas pumping unit on the Nord Stream, Interfax reports.

Oil prices are growing weakly on Wednesday against the backdrop of data from the American Petroleum Institute (API), which showed a sharp decline in US inventories, Interfax reports.

On Monday, Afghan media reported an increase in imports of liquefied natural gas from Turkmenistan to Afghanistan. According to the publications, the Taliban provisional government issued a statement to this effect after a meeting of its economic sector.

73 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.

Natural gas prices in Europe will remain high in the coming years amid continued supply shortages, traders believe, Interfax reports.

Gas prices in Europe have not decreased after the resumption of supplies via Nord Stream. For a week now, the quotes have been steadily holding above $1,600 per thousand cubic meters.

On Thursday in Cholpon-Ata (Issyk-Kul region of Kyrgyzstan) the fourth Consultative meeting of the heads of states of Central Asia was held. The meeting was attended by the Presidents of Kazakhstan, Uzbekistan, Turkmenistan and Tajikistan.

Fears about a recession in the global economy, which may come due to the crisis in the energy market, dropped Brent prices by 7% during July. To date, the cost of a barrel has fallen below $103. Industry analysts are convinced that quotes will fall by a few more dollars and remain at this level until the end of 2022, Interfax reports.