OPEC expects drop in oil demand in 2020 to 90.7 million b / s with growth to 97.7 million b / s in 2021
00:42 16.07.2020 4958
The forecast for oil demand in 2020 has been increased by 100 thousand barrels per day - up to 90.7 million bpd, which means a decrease of 8.9 million bpd compared to 2019, INTERFAX reports with reference to the OPEC monthly report. At the same time, in 2021, the consumption of liquid hydrocarbons will increase by 7 million b / s - up to 97.7 million b / s, although it will remain below the level preceding the COVID-19 pandemic, the cartel said. Preliminary data showed that in May general commercial reserves OECD oil prices grew for the third month in a row - by 29.9 million barrels compared to April, to 3.167 billion barrels, OPEC writes. This figure was 233.2 million barrels higher than the same period last year, and 209.5 million barrels above the five-year average. At the same time, oil reserves grew by 9.7 million barrels, and oil products - by 20.2 million barrels compared to the previous month. According to preliminary data for June, total commercial oil reserves in the United States grew by 31.7 million barrels per month and amounted to 1.462 billion barrels. This figure is 158 million barrels higher than a year ago, and 173 million barrels above the average for the last five years. Oil and petroleum product inventories in the United States grew by 6.8 million barrels and 24.9 million barrels, respectively.
New technologies make work at gas stations more comfortable
Employees of the Gubadag Oil Enterprise of the Main Directorate of «Turkmennebitonumleri» for 11 months of this year have demonstrated effective results of their activities. After major reconstruction, a filling station No. 170 was put into operation, located in the eastern part of the Gubadag-Dashoguz highway.
Fitch has raised its forecast for oil prices for the coming years
The international rating agency Fitch Ratings has raised its forecasts for oil prices for the near future, follows from the December report of the Global Economic Outlook (GEO), Interfax reports.
New Agarguyi gas field commissioned
The list of gas storage rooms operated by the «Lebapgazchykarysh» management of the State Concern «Turkmengas» has been replenished with the new Agarguyi field. Recently, two wells were drilled here, from which valuable hydrocarbon products were obtained.
Oil is confidently rising in price, the price of Brent rose to $76.42 per barrel
Oil prices are rising on Thursday on new signals that the spread of the omicron COVID-19 strain will not have such serious consequences for the global economy as initially expected, Interfax reported.
The material and technical base of gas workers continues to be replenished with modern special equipment
On the eve of the 32nd anniversary of the independence of Turkmenistan, the 2nd base of the Logistics and Technical Supply Department of the State Concern “Turkmengas” located in Mary received a batch of new equipment purchased from the People’s Republic of China. Lifting drilling rigs for repairing gas wells were accepted by gas workers as a worthy gift from the head of state – the President on the occasion of the country’s major holiday.