Oil prices are stable
15:49 01.03.2024 4219
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 President of Turkmenistan discussed cooperation in energy and other areas with the new Ambassador of India
On February 20, President Serdar Berdimuhamedov received the newly appointed Ambassador Extraordinary and Plenipotentiary of the Republic of India to Turkmenistan, Madhumita Hazarika Bhagat.
Election campaign for early presidential elections begins in Turkmenistan
The Central Commission for Elections and Referendums (CEC) announces the start of the election campaign for early elections of the President of Turkmenistan on February 14.
The oil and gas potential of Turkmenistan will be presented at the investment forum in Paris
The International Forum to attract foreign investment in the energy sector of Turkmenistan (TEIF 2024) will be held in Paris on April 24-25, 2024 at the Hyatt Regency Etoile hotel. The forum is organized by the State Concerns “Turkmengas” and “Turkmennebit” in cooperation with the Turkmen Forum and the British company GaffneyCline.
The international magazine “The Investor” will present the trade and economic potential of Turkmenistan
The prospects for cooperation in the international information space between Turkmenistan and The Investor magazine were discussed during a meeting at the Ministry of Foreign Affairs of Turkmenistan on February 20, reports the Ministry of Foreign Affairs of our country.
Record volume of natural gas was produced in Turkmenistan in the years of independence
At the end of 2021, Turkmenistan achieved the highest natural gas production rate over the years of independence – 83 billion 772.9 million cubic meters. This was stated by Vice-Chairman of the Cabinet of Ministers of Turkmenistan Shakhym Abdrakhmanov at an expanded meeting of the government last Friday, at which the results of the country's economic development for 2021 were summed up.