Oil prices are stable
10:49 01.03.2024 6132
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.
The results of the work of the oil and gas complex of Turkmenistan for five months were summed up at the industry meeting
On Monday, June 12, a reporting meeting was held in the Central building of the oil and gas complex of Turkmenistan, at which the results of the work of enterprises in the industry for five months of this year, held under the motto “The Year of Happy Youth with Arkadag Serdarly”, were discussed.
Gurbanguly Berdimuhamedov held a meeting on expanding Turkmen gas export routes
The issues of expanding export routes for the supply of Turkmen natural gas were discussed at a meeting held on Tuesday by President Gurbanguly Berdimuhamedov with the participation of Vice-Chairmen of the Cabinet of Ministers for the fuel and energy complex, economy and foreign policy, the State News Agency of Turkmenistan reports.
Preparations for the implementation of energy projects discussed at talks in Islamabad
The issues of practical implementation of the projects of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline and the Turkmenistan-Afghanistan-Pakistan (TAP) power transmission lines were discussed in Islamabad by the delegation of Turkmenistan, which, on behalf of President Gurbanguly Berdimuhamedov, is on a working visit to Pakistan on January 31 – February 4, informs the website of the Foreign Ministry of Turkmenistan.
State Concern «Turkmengas» to Sign Contract with Turkish Company for Construction of Shatlyk-1 Gas Compressor Station
Turkmenistan President Serdar Berdimuhamedov signed a decree authorizing State Concern «Turkmengas» to sign a contract with Çalik Enerji Sanayi ve Ticaret A.Ş. (Turkey) for the design, construction and equipping of the Shatlyk-1 gas compressor station in the country's Mary region.
Petrochemical products were in high demand at the auction
57 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.