Oil continues to fall in price in anticipation of the OPEC+ meeting, Brent is trading at about $84 per barrel
15:42 04.11.2021 2930
Oil prices of benchmark brands continue to fall, which will take place on Thursday, Interfax reports, citing MarketWatch.
Some countries in the agreement say they lack the capacity to increase oil production, so they «will not support calls for increased production,» Zaner said in a statement. Nevertheless, «Saudi Arabia and Iraq have real capacity to increase production», analysts say the company.
According to experts, OPEC+ members did not seem to be able to increase production to the maximum allowed limits in October.
«Despite growing pressure from the main oil-consuming countries – Japan, following the US and India, now also calls for increased production – OPEC+ has not shown any signs that they are ready to do this,» Karsten Fritsch, an analyst at Commerzbank said.
By 08:05 Moscow time, January Brent oil futures on the London ICE Futures market fell by $0.68 (0.8%) to $84.04 per barrel. On Tuesday, their price fell by $0.01 and amounted to $84.72 per barrel at the close.
WTI futures for December in electronic trading on the New York Mercantile Exchange (NYMEX) in the morning fell by $1.05 (1.25%) – to $82.86 per barrel. Following the results of the previous session, their price decreased by $0.14 (0.2%) and amounted to $83.91 per barrel.
President of Turkmenistan: It is necessary to use the refinery at its full design capacity
On December 22, President Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers via the digital system, the agenda of which included consideration of a number of draft documents, as well as other issues.
Presentation of the new book of the President of Turkmenistan took place
A presentation of the new book of President Gurbanguly Berdimuhamedov «White City Ashgabat» was held last Saturday in the Central Building of the Oil and Gas Complex of Turkmenistan.
Products of SOR, SC “Turkmengas”, “Turkmennebit” and “Turkmenchemistry” were sold for foreign currency at exchange auctions
Last week, 32 transactions were registered at the State Commodity and Raw Materials Exchange of Turkmenistan.
Polypropylene, base oil and diesel fuel were sold at exchange trading
At the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan, 28 transactions were registered last week.
Turkmenistan and Kyrgyzstan intend to expand cooperation in the fuel and energy complex, textile industry, food
The possibilities of developing trade and economic ties were discussed at a meeting between Vice-Chairman of the Cabinet of Ministers, Minister of Foreign Affairs of Turkmenistan Rashid Meredov and Minister of Energy and Industry of Kyrgyzstan Kubanychbek Turdubaev, who arrived in Ashgabat on a working visit, the website of the Foreign Ministry of Turkmenistan reports.