Oil at its lowest since early October and continues to fall in price, Brent - $ 80 per barrel
14:40 19.11.2021 3308
Oil finished trading on Wednesday at the lowest level since early October and continues to fall in price.
The market continues to react to news that the administration of US President Joe Biden is considering selling oil from the strategic reserve. At the same time, during a virtual summit with Chinese President Xi Jinping, the possibility of a similar step by China was discussed, Interfax reports.
The oil market was not supported even by the data on the reduction of oil reserves in the US last week, MarketWatch notes.
January futures for Brent oil on the London stock exchange ICE Futures by 08:05 Moscow time fell in price by $ 0.28 (0.35%) – to $ 80 per barrel. On Wednesday, their price fell by $ 2.15 (2.6%) and amounted to $ 80.28 per barrel at the close, which is the lowest level since October 7.
Quotations of futures for the WTI grade for December in electronic trading on the New York Mercantile Exchange (NYMEX) in the morning are reduced by $ 0.67 (0.86%) – to $ 77.69 per barrel. As a result of the previous session, their price fell by $ 2.4 (3%), ending the day at $ 78.35 per barrel – at least since October 1.
Oil reserves in the United States last week decreased by 2.1 million barrels – to 433 million barrels, the country's energy ministry said. Gasoline reserves decreased by 707 thousand barrels, distillates – by 824 thousand barrels.
The Minister of Economy of Azerbaijan Discusses Bilateral Cooperation Expansion Issues with the Leadership of the Fuel and Energy Complex of Turkmenistan
On Wednesday, the Government of Turkmenistan held negotiations on expanding the Turkmen-Azerbaijani cooperation in the oil and gas sector with the Minister of Economy of Azerbaijan Mikayil Jabbarov, who is visiting Ashgabat at the head of the Azerbaijani delegation.
Fuel and energy complex enterprises took part in the second virtual exhibition, which opened in honor of the Day of Neutrality of Turkmenistan
On the eve of the Day of Neutrality of Turkmenistan, the second virtual exhibition of the economic achievements of our country was opened on Thursday. The exhibition is organized by the Chamber of Commerce and Industry in partnership with ministries and departments, private enterprises of Turkmenistan.
President of Turkmenistan congratulated workers of the oil and gas industry and geology on their professional holiday
Today, December 14, Turkmenistan celebrates the Day of Oil and Gas Industry and Geology Workers. On this occasion, President of Turkmenistan Gurbanguly Berdimuhamedov sent a congratulatory message to the workers of the oil and gas industry of our country.
Presidents of Turkmenistan and Iran discussed by phone the development of cooperation in the fuel and energy complex, transport and other areas
During a telephone conversation, President of Turkmenistan Gurbanguly Berdimuhamedov and President of Iran Seyed Ebrahim Raisi discussed issues of developing cooperation in the fuel and energy complex, transport, agro-industrial complex and other spheres, the State News Agency of Turkmenistan reports.
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.