Oil prices fall on deteriorating demand prospects, Brent at $ 55.45 per barrel
09:56 03.02.2021 7904
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 President approved proposals for the rational use of oil refinery capacities
On February 28, President of Turkmenistan Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers via a digital system, the agenda of which included a number of issues of state life, TDH reports.
Government meeting considered the work of fuel and energy enterprises in the Balkan region
Vice-Chairman of the Cabinet of Ministers Shakhym Abdrakhmanov reported on the situation in the fuel and energy complex in the Balkan region at a government meeting chaired by President of Turkmenistan Gurbanguly Berdimuhamedov last Friday.
The amount of foreign exchange transactions on the exchange of Turkmenistan exceeded $90 million
68 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.
Achievements of the Seydi oil refinery
With great achievements and successes, the Seydi oil refinery is confidently moving towards new heights of progress, as evidenced by the company's socio-economic indicators this year.
Turkish and Afghan businessmen purchased liquefied gas and jet fuel at exchange trades
11 transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan last week.