Oil prices fall on deteriorating demand prospects, Brent at $ 55.45 per barrel
09:56 03.02.2021 4673
Oil prices tumble on Wednesday amid expectations of lower demand amid high incidence of COVID-19 and current restrictive measures, Interfax reports.
Worsening demand forecasts levels the support, which was provided to the market by the data on the decline in US oil reserves published the day before, writes Bloomberg.
The cost of March futures for Brent oil on the London ICE Futures exchange by 8:15 Moscow time on Thursday is $ 55.45 per barrel, which is $ 0.36 (0.65%) below the price at the close of the previous session. As a result of trading on January 27, these contracts fell by $ 0.1 (0.2%) - to $ 55.81 per barrel.
The price of WTI crude oil futures for March in electronic trading on the New York Mercantile Exchange by this time is $ 52.53 per barrel, which is $ 0.32 (0.61%) below the level at the close of the market on Wednesday. The day before, futures rose in price by $ 0.24 (0.5%) - up to $ 52.85 per barrel.
The results of the development of the fuel and energy complex for January-July of this year were discussed at a government meeting
Last Friday, President Gurbanguly Berdimuhamedov held a meeting of the Cabinet of Ministers via digital video communication, at which the results of the development for seven months of the year of all sectors of the national economy, including the fuel and energy complex of Turkmenistan, were discussed.
The head of Turkmenistan stated priorities of cooperation within the CIS
Changing world realities demand from the CIS a timely and adequate response, embedding in new coordinates of interaction. It was stated by the President Gurbanguly Berdimuhamedov in an interview to the International Television and Radio Company «Mir», answering a question about the prospects for Turkmenistan's cooperation within the Commonwealth.
Gasoline produced by TCOR is among the export transactions on the exchange of Turkmenistan
12 transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan last week.
In the Central building of the oil and gas complex of Turkmenistan a conference was held
On January 26, President Gurbanguly Berdimuhamedov held a working meeting with the participation of the leaders of the financial, economic and oil and gas complexes, at which the tasks for the further economic development of our independent state in 2022, as well as development issues in accordance with the realities of the time of the regions and improving the welfare of the people, were discussed.
Gurbanguly Berdimuhamedov is recognized as the national leader of the Turkmen people
Hero of Turkmenistan, Honorary Elder of the people, Chairman of the Halk Maslahaty of Turkmenistan Gurbanguly Berdimuhamedov is officially recognized as the national leader Turkmen people. The Constitutional Law of Turkmenistan “On the National Leader of the Turkmen People” was adopted following the results of the joint meeting of Milli Gengesh chambers held on Saturday in Ashgabat and representatives of the public.