Oil is confidently rising in price, the price of Brent rose to $76.42 per barrel
16:27 09.12.2021 5660
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.
On the eve of the American Pfizer and the German BioNTech SE published preliminary results of laboratory studies regarding the effectiveness of the vaccine against the omicron strain. Studies have shown that three doses of the vaccine provide the same level of protection against omicron as two doses against the common COVID-19 virus.
«Traders are beginning to realize that while the omicron may lead to some weakening in demand, the impact will not be as dire as expected», Phil Flynn, senior oil analyst at Price Futures Group, said.
The cost of February Brent oil futures on the London ICE Futures exchange by 8:15 Moscow time on Thursday is $ 76.42 per barrel, which is $ 0.6 (0.79%) higher than the price at the close of the previous session. As a result of trading on Wednesday, these contracts rose by $ 0.38 (0.5%) – to $ 75.82 per barrel.
The price of WTI crude oil futures for January in electronic trading on the New York Mercantile Exchange (NYMEX) is by this time $ 73.06 per barrel, which is $ 0.7 (0.97%) higher than the final value of the previous session. By the close of trading on Wednesday, the value of these contracts increased by $ 0.31 (0.4%) and amounted to $ 72.36 per barrel.
800 delegates from 20 countries of the world will take part in the scientific forum on environmental aspects of the development of the fuel and energy complex
The International Scientific and Practical Conference: «Energy Prospects, New Technologies for the Development of Hydrocarbon Deposits» in the Year «The Happy Youth with Arkadag Serdarly» will be held at the Yagshygeldi Kakayev International Oil and Gas University on June 15.
Pre-conference day of the TESC 2025 forum
On Thursday, June 5, the International Scientific and Practical Conference "Environmental Aspects of Implementation of Innovative Technologies in the Development of Hydrocarbon Deposits" (TESC) will open in Ashgabat. The forum is organized by the State Concerns "Turkmengas", "Turkmennebit", the State Corporation "Turkmengeology" together with the "Turkmen Energy Forum".
Turkish company to build new gas compressor station in Turkmenistan
The President of Turkmenistan signed a Resolution authorizing the State Concern "Turkmengas" to enter into a contract with Çalik Enerji Sanayi ve Ticaret A.Ş. (Republic of Turkey) for the design, construction and equipping of the Shatlyk-1 gas compressor station in Mary velayat with the necessary equipment and commissioning, TDH reports.
The results of the work of the oil and gas complex of Turkmenistan for five months were summed up at the industry meeting
On Monday, June 12, a reporting meeting was held in the Central building of the oil and gas complex of Turkmenistan, at which the results of the work of enterprises in the industry for five months of this year, held under the motto “The Year of Happy Youth with Arkadag Serdarly”, were discussed.
Gurbanguly Berdimuhamedov: one of the priorities of cooperation between Turkmenistan and China is the fuel and energy sector
One of the priorities of cooperation between Turkmenistan and the People's Republic of China is the fuel and energy sector. This was stated by President of Turkmenistan Gurbanguly Berdimuhamedov in an interview with Chinese media before his trip to China to participate in the opening of the 2022 Winter Olympic Games in Beijing.