Oil prices are stable

10:49 01.03.2024 5864

https://oilgas.gov.tm/storage/posts/10070/original-165e16e8a285be.jpg

 At Thursday’s trading, oil prices maintained their stable prices after several mixed changes occurred last week.

 According to information presented at 9:20, the price of April futures for Brent oil on the London ICE Futures exchange is $83.62 per barrel.  This is 0.06 (0.07%) less than the close of previous trading.

 As of Wednesday, the price of these contracts increased by 0.03%, reaching $83.68 per barrel.

 The last contracts for April futures expire on Thursday, and the more dynamically traded contracts for May assets are at $82.07 per barrel of oil.  This is 0.08% (0.1%) lower than the previous session’s close.

 According to information presented at electronic trading on the New York Mercantile Exchange (NYMEX), the price of WTI oil in April decreased by 0.02% and amounted to $78.52 per barrel.  Thanks to the results of previous trading, the price of these contracts decreased by 0.33% (0.4%) – from $78.54 to $78.53 per barrel.

 An increase in US oil inventories according to the Department of Energy caused a decline in the price of WTI on Wednesday.  Over the past week, commercial oil inventories in the United States increased by 4.2 million barrels.  At the same time, oil reserves at the Cushing terminal increased by 1.5 million barrels.

 The oil market was slightly supported by news about a possible extension of temporary restrictions on oil production into the second quarter.

Other articles
16461d4de54e8d.png
New Chairman of the State Concern “Turkmengas” appointed

Maksat Babayev, who until now served as deputy head of this concern, has been appointed as the new Minister of State – Chairman of the State Concern “Turkmengas”.


161e7f3511dc1d.jpeg
Demand for oil in 2022 will grow by 3.3 million barrels per day, the market will be in short supply – IEA

Demand for oil in 2021 increased by 5.5 million barrels per day, and in 2022 it will increase by 3.3 million bpd, Interfax and Bloomberg report citing a report by the International Energy Agency (IEA).


161ea7f182c053.jpeg
Presidents of Turkmenistan and Uzbekistan discussed key issues of bilateral partnership by phone

Key issues of bilateral partnership were discussed by President of Turkmenistan Gurbanguly Berdimuhamedov and President of Uzbekistan Shavkat Mirziyoyev during a telephone conversation last Thursday, the State News Agency of Turkmenistan reports.


16461d51c7a150.jpg
The next issue of the journal “Oil, gas and mineral resources of Turkmenistan” was published

The first issue in 2023 of the socio-political and scientific journalism journal “Oil, Gas and Mineral Resources of Turkmenistan” of the State Concern “Turkmennebit” has been published.


16461c980884d6.jpg
Ashirguly Begliev appointed Advisor to the President of Turkmenistan on oil and gas issues

Ashirguly Begliev has been appointed Advisor to the President of Turkmenistan on oil and gas issues.