Oil continues to fall in price in anticipation of the OPEC+ meeting, Brent is trading at about $84 per barrel
15:42 04.11.2021 3213
Oil prices of benchmark brands continue to fall, which will take place on Thursday, Interfax reports, citing MarketWatch.
Some countries in the agreement say they lack the capacity to increase oil production, so they «will not support calls for increased production,» Zaner said in a statement. Nevertheless, «Saudi Arabia and Iraq have real capacity to increase production», analysts say the company.
According to experts, OPEC+ members did not seem to be able to increase production to the maximum allowed limits in October.
«Despite growing pressure from the main oil-consuming countries – Japan, following the US and India, now also calls for increased production – OPEC+ has not shown any signs that they are ready to do this,» Karsten Fritsch, an analyst at Commerzbank said.
By 08:05 Moscow time, January Brent oil futures on the London ICE Futures market fell by $0.68 (0.8%) to $84.04 per barrel. On Tuesday, their price fell by $0.01 and amounted to $84.72 per barrel at the close.
WTI futures for December in electronic trading on the New York Mercantile Exchange (NYMEX) in the morning fell by $1.05 (1.25%) – to $82.86 per barrel. Following the results of the previous session, their price decreased by $0.14 (0.2%) and amounted to $83.91 per barrel.
The President of Turkmenistan met the head of the Italian holding “Leonardo S.p.A.”
President of Turkmenistan Serdar Berdimuhamedov received the head of the Italian company Leonardo S.p.A. on Tuesday. Stefano Pontecorvo, according to TDH.
Gas industry of Turkmenistan increases production and export of «blue fuel»
The volume of production of natural and associated gas in Turkmenistan for seven months of 2021 amounted to almost 48.7 billion cubic meters. This is more than 9 billion cubic meters higher than the level of production compared to the same period last year.
Turkmenistan and UNECE discussed cooperation in the field of renewable energy sources
On Tuesday, a meeting of representatives of relevant ministries and departments, state concerns "Turkmengas" was held in the central building of the oil and gas complex of Turkmenistan and Turkmennebit with the UN Delegation of the UN European Economic Commission, headed by the Director of the UNECE Sustainable Energy Department, Dario Liguchi, who arrived in Ashgabat.
Emomali Rahmon invited Gurbanguly Berdimuhamedov to participate in the SCO anniversary summit
President of Tajikistan Emomali Rahmon has sent an invitation to President of Turkmenistan Gurbanguly Berdimuhamedov to participate in the anniversary SCO summit, which will take place on September 16-17 in Dushanbe. The corresponding letter was published today in the Neutral Turkmenistan newspaper.
Liquefied gas production department of Lebap region is confidently increasing production volumes
The specialists of the liquefied gas production department of Lebap region approach the celebration of the glorious date of the 30th anniversary of the state independence of Turkmenistan with high production indicators. For seven months of this year, the growth rate for the production of liquefied gas compared to the same period in 2020 amounted to 106.8%. About 44 thousand tons of commercial products were produced.