Oil prices continue to rise, Brent is above $121 a barrel
19:03 08.06.2022 7674
Oil prices continue to rise on traders' expectations that the demand for energy resources on the world market will exceed their supply due to the start of the automobile season in Western countries, as well as the lifting of anti-COVID restrictions in China, Interfax reports.
«Morgan Stanley» analysts Martijn Raths and Amy Sergeant expect the oil market to face a 500,000 bpd deficit in the second half of this year. The «bullish» scenario of experts (playing on the increase in prices) provides for an increase in oil prices to $150 per barrel in the third quarter.
The cost of August futures for Brent oil on the London ICE Futures exchange by 8:20 Moscow time on Wednesday was $121.15 per barrel, which is $0.58 (0.48%) higher than the price at the close of the previous session. As a result of trading on Tuesday, these contracts rose by $1.06 (0.9%) to $120.57 per barrel.
The price of futures for WTI oil for July in electronic trading on the New York Mercantile Exchange (NYMEX) by this time amounted to $120.11 per barrel, which is $0.7 (0.59%) higher than the final value of the previous session. The day before, the cost of these contracts increased by $0.91 (0.8%) to $119.41 per barrel, which is the highest since March 8.
TCOR produced more than 26 thousand tons of liquefied gas in six months
The Turkmenbashi complex of oil refineries, which is one of the largest industrial enterprises in the country, is increasing the volume of certain types of high-quality products in demand both in the domestic and foreign markets.
The next well of the Malay field gave a industrial gas inflow
At the Malay field, as a result of drilling another well, an industrial gas flow with a flow rate of more than 400 thousand cubic meters per day was given. The drilling works were carried out by the foremen of the «Turkmengazburavlayysh» department of the State Concern «Turkmengas».
Leaders of Turkmenistan and China reaffirmed their commitment to the development of comprehensive cooperation
President Serdar Berdimuhamedov, who arrived on a working visit to the capital of Shanxi Province of the People’s Republic of China on May 18 to participate in the Central Asia-China Summit, held talks with Chinese President Xi Jinping in the afternoon, TDH reports.
Gamyshlydzhanebit: 361.4 thousand tons of oil produced in six months
Masters of "black gold" of the oil and gas production department "Gamyshlydzhanebit" make a worthy contribution to the increase in production growth rates at the State Concern "Turkmennebit".
Vladimir Putin: Gazprom management will soon arrive in Turkmenistan
President of the Russian Federation Vladimir Putin announced the imminent visit of the leadership of «Gazprom» to Turkmenistan. The Russian leader said this while answering journalists' questions at the end of the Sixth Caspian Summit, which took place on June 29 in Ashgabat, according to the website of the President of Russia.