Oil prices are stable
10:49 01.03.2024 5825
At Thursday’s trading, oil prices maintained their stable prices after several mixed changes occurred last week.
According to information presented at 9:20, the price of April futures for Brent oil on the London ICE Futures exchange is $83.62 per barrel. This is 0.06 (0.07%) less than the close of previous trading.
As of Wednesday, the price of these contracts increased by 0.03%, reaching $83.68 per barrel.
The last contracts for April futures expire on Thursday, and the more dynamically traded contracts for May assets are at $82.07 per barrel of oil. This is 0.08% (0.1%) lower than the previous session’s close.
According to information presented at electronic trading on the New York Mercantile Exchange (NYMEX), the price of WTI oil in April decreased by 0.02% and amounted to $78.52 per barrel. Thanks to the results of previous trading, the price of these contracts decreased by 0.33% (0.4%) – from $78.54 to $78.53 per barrel.
An increase in US oil inventories according to the Department of Energy caused a decline in the price of WTI on Wednesday. Over the past week, commercial oil inventories in the United States increased by 4.2 million barrels. At the same time, oil reserves at the Cushing terminal increased by 1.5 million barrels.
The oil market was slightly supported by news about a possible extension of temporary restrictions on oil production into the second quarter.
The focus of Turkmen-Qatari political consultations is on issues of cooperation in the field of fuel and energy complex, investment and tourism
Issues of cooperation in the field of investment, tourism, energy and the oil and gas industry were discussed during political consultations between the Ministries of Foreign Affairs of Turkmenistan and the State of Qatar, held in the city of Doha, reports the Ministry of Foreign Affairs of our country.
At the meeting of the Council of Foreign Ministers of the ECO, the position of Turkmenistan on the priorities of cooperation was announced
The position of Turkmenistan on priority areas of cooperation within the framework of the ECO, as well as proposals for a further strategy for the development of the ECO, was presented by the Minister of Foreign Affairs of Turkmenistan Rashid Meredov in Tashkent during the 26th meeting of the Council of Ministers of Foreign Affairs (CMFA) of the member countries of the Economic Cooperation Organization (ECO). This is reported by the website of the Foreign Ministry of Turkmenistan.
Pre-conference events were held at IUOG on the eve of the scientific forum
Two pre-conference events were held at the Yagshygeldi Kakaev International University of Oil and Gas (IUOG) on June 14 on the eve of the International Scientific and Practical Conference: «Energy Prospects, New Technologies for the Development of Hydrocarbon Deposits».
International scientific conference TESC 2024 draws attention to environmental and sustainable development issues
Tomorrow, June 5, the International Scientific Conference will begin in the capital of Turkmenistan: “Energy prospects, new technologies and environmental aspects of the development of hydrocarbon fields,” which is designed to attract public attention to solving environmental issues and sustainable development. Timed to coincide with World Environment Day, the meeting highlights the relevance of the topics that will be discussed by its many participants.
Corporation “Turkmenenergo” will build solar power plants in remote areas of Turkmenistan
In remote settlements of Turkmenistan, the Turkmenenergo energy corporation plans to build solar power plants with a total capacity of more than 6 MW at the first stage. This was announced by the head of the service for the development of renewable energy sources “Turkmenenergo” Dovlet Allayarov at the International Scientific and Practical Conference: «Energy Prospects, New Technologies for the Development of Hydrocarbon Deposits”, which took place on Thursday in Ashgabat.