Oil prices are stable
10:49 01.03.2024 5503
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.
Green technologies against desertification are being implemented at Galkynysh gas field
CNPC Chuanqing Drilling Engineering Co., Ltd., a branch of CNPC, is actively implementing a project to combat wind erosion of soils caused by frequent sandstorms and low vegetation at the Galkynysh gas field in Turkmenistan, according to a press release from CNPC.
The President of Turkmenistan took part in the opening of a new gas gathering station in Lebap region
As part of a festive trip last Saturday to the Lebap region, President of Turkmenistan Serdar Berdimuhamedov took part in the solemn ceremony of commissioning a new gas gathering station.
In the future, we will make every effort for long-term cooperation with Turkmenistan in the gas sector, - head of CNPC
The commissioning of a new facility in the Bagtyyarlyk contract area, the opening of which was attended by the President of Turkmenistan, is an unforgettable event for both Chinese and Turkmen specialists. This was stated by the President of the CNPC Board of Management Hou Qijun, speaking to the participants of the celebration on the occasion of the commissioning of a new gas gathering station in the Farap etrap of the Lebap velayat.
IUOG named after Ya. Kakayev and Petronas Carigali (Turkmenistan) signed a Memorandum of Understanding
The International University of Oil and Gas named after Yagshygeldi Kakayev and Petronas Carigali (Turkmenistan) Sdn Bhd signed a Memorandum of Understanding, the News Portal of the State Television and Radio Broadcasting Company of Turkmenistan reports.
SPIEF: Turkmenistan considers energy and transport among the key areas of integration within the CIS
Cooperation in the energy and transport sectors can become strategic areas of integration within the CIS. This was stated by the Minister of Finance and Economy of Turkmenistan Muhammetgeldi Serdarov, speaking on Thursday at the St. Petersburg International Economic Forum (SPIEF), the Turkmen news agency Orient reports.