Oil prices fall on deteriorating demand prospects, Brent at $ 55.45 per barrel
14:56 03.02.2021 6300
Oil prices tumble on Wednesday amid expectations of lower demand amid high incidence of COVID-19 and current restrictive measures, Interfax reports.
Worsening demand forecasts levels the support, which was provided to the market by the data on the decline in US oil reserves published the day before, writes Bloomberg.
The cost of March futures for Brent oil on the London ICE Futures exchange by 8:15 Moscow time on Thursday is $ 55.45 per barrel, which is $ 0.36 (0.65%) below the price at the close of the previous session. As a result of trading on January 27, these contracts fell by $ 0.1 (0.2%) - to $ 55.81 per barrel.
The price of WTI crude oil futures for March in electronic trading on the New York Mercantile Exchange by this time is $ 52.53 per barrel, which is $ 0.32 (0.61%) below the level at the close of the market on Wednesday. The day before, futures rose in price by $ 0.24 (0.5%) - up to $ 52.85 per barrel.
The products of the TCOR and the State Concern «Turkmengas» are in demand at the auction
54 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.
More than 1.8 million tons of "black gold" were shipped to TCOR in five months
The specialists of the main oil pipelines department have achieved good results in the delivery of "black gold" mined in the Balkan region to TCOR.
TCOR exceeded the plan for the production of gasoline and liquefied gas in five months
In the five months of this year, which is held under the slogan "Turkmenistan - the Homeland of Peace and trust", the production of products in demand on the domestic and foreign markets has significantly increased at the Turkmenbashi complex of oil refineries.
Representatives of Turkmenistan and Pakistan to discuss TAPI projects and power lines in Islamabad
From January 30 to February 4, deputy minister of Foreign Affairs of Turkmenistan Vepa Khadzhiev was seconded to Islamabad, the capital of Pakistan, to conduct comprehensive negotiations on energy projects. The corresponding order was signed by President Gurbanguly Berdimuhamedov during the government meeting held on Friday.
At exchange auctions, fuel and energy products were sold abroad and to the domestic market of Turkmenistan
At the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan, 21 transactions were registered last week.