Oil rose to a record $139 per barrel due to a possible ban on supplies to the US from Russia
20:34 07.03.2022 2876
Oil rose in price on Monday to its highest level since 2008, reaching almost $140 per barrel, after reports of a possible US ban on its imports from Russia, Interfax reports.
The United States, along with its allies in Europe, is «actively discussing» the possibility of not importing Russian oil, Secretary of State Anthony Blinken said in an interview with NBC.
Washington can go on an embargo without the participation of European allies, two Bloomberg sources said. At the same time, no decision has yet been made on this issue.
The House of Representatives of Congress is studying the possibility of developing a bill to ban the import of Russian oil, said Speaker of the Lower House Nancy Pelosi.
Russia accounts for roughly 3% of US oil imports, official US data show.
Against the background of statements from Washington, futures for Brent oil rose by 18% in early trading on Monday and at one point exceeded $139 per barrel. At 07:30 Moscow time, the price of contracts is about $129 per barrel.
Analysts at JPMorgan Chase & Co. Believe that Brent could reach $185 per barrel by the end of the year if supply disruptions from Russia continue.
Aviation kerosene and liquefied gas sold to foreign buyers at the auction
Last week, 20 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan.
Polypropylene and ESO-93 gasoline sold abroad at the auction
45 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.
Maxim Bortnikov – Managing Director at the Center for the Implementation of the Principles of Sustainable Development of Gazprombank:
“The theme of the International Conference held in Ashgabat is rather topical, as evidenced by the composition of its participants, including representatives of government agencies, large international organizations, banks, big gas companies, scientists, leading specialists and experts in the oil and gas sphere.
Representatives of Turkmenistan and Tajikistan considered the possibility of creating a joint venture for oil refining
The possibility of creating a joint venture for oil refining was discussed at a meeting between the Ambassador of Tajikistan to Turkmenistan Farrukh Sharifzod and the Director General of the Turkmen National Oil and Gas Company (NAPECO) Maksat Pirliev, Orient reports.
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.