The price of Brent rose above $100 per barrel again
14:14 27.08.2022 7785
Oil prices are rising moderately on Friday morning after falling the day before, foreign media reported.
According to Interfax, the cost of October futures for Brent on the London ICE Futures exchange by 8:03 Moscow time on Friday amounted to $100.12 per barrel, which is $0.78 (0.79%) higher than the closing price of the previous session. As a result of trading on Thursday, these contracts fell by $1.88 (1.9%) to $99.34 per barrel.
The price of futures for WTI for October in electronic trading on the New York Mercantile Exchange (NYMEX) by this time amounted to $93.28 per barrel, which is $0.76 (0.82%) more than the final value of the previous session. By the close of trading the day before, the cost of WTI fell by $2.37 (2.5%) to $92.52 per barrel.
«Oil traders are focusing on just two things,» Naeem Aslan, senior market analyst at AvaTrade, said. «It's the possibility of a nuclear deal on Iran that would bring Iranian oil back to the market, and more importantly, OPEC production».
«There are a lot of rumors in the market that a deal with Iran is very likely, as the country appears to have abandoned some important demands», he added.
Meanwhile, Saudi Arabia, OPEC's largest oil producer, has begun talking about the cartel's production cuts, the expert said. «This allows to calm the main fear of traders that the return of Iranian oil to the market will destabilize the balance of supply and demand», Aslan said.
The next OPEC+ meeting will take place on September 5.
Gas price in Europe exceeded $3,300 per 1,000 cubic meters
The spot price of gas in Europe on Thursday evening continued its active growth. A jump in prices at the end of the European trading session is usually the result of the influence of the growth of quotations in the Asian market, Interfax reports.
The TAPI gas pipeline will benefit the entire region, including $1 billion to Afghanistan for transit, – Pakistani Foreign Minister
The implementation of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline is beneficial for the entire region, and Afghanistan alone will receive $1 billion in transit fees and royalties, Foreign Minister Shah Mahmoud Qureishi said on Thursday, the Pakistani Daily Times reported.
The summit of the heads of Uzbekistan, Turkmenistan and Tajikistan will give a new impetus to cooperation, - Shavkat Mirziyoyev
The summit of the heads of Uzbekistan, Turkmenistan and Tajikistan, held on August 4 in Ashgabat, will give a new impetus to interstate cooperation. This was stated by the President of Uzbekistan Shavkat Mirziyoyev in a letter addressed to the National Leader of the Turkmen people, Chairman of the Halk Maslakhaty of Turkmenistan Gurbanguly Berdimuhamedov.
Pakistani Foreign Minister discussed the situation in Afghanistan with the leadership of Turkmenistan
The situation in Afghanistan and further steps to intensify regional cooperation in order to maintain peace and stability in the region were discussed on Thursday at a meeting between President of Turkmenistan Gurbanguly Berdimuhamedov and Pakistani Foreign Minister Shah Mehmud Qureshi, who is on a visit to Turkmenistan, the website of the Foreign Ministry of Turkmenistan reports.
At exchange auctions, fuel and energy products were sold abroad and to the domestic market of Turkmenistan
At the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan, 21 transactions were registered last week.