Oil at its lowest since early October and continues to fall in price, Brent - $ 80 per barrel
09:40 19.11.2021 5680
Oil finished trading on Wednesday at the lowest level since early October and continues to fall in price.
The market continues to react to news that the administration of US President Joe Biden is considering selling oil from the strategic reserve. At the same time, during a virtual summit with Chinese President Xi Jinping, the possibility of a similar step by China was discussed, Interfax reports.
The oil market was not supported even by the data on the reduction of oil reserves in the US last week, MarketWatch notes.
January futures for Brent oil on the London stock exchange ICE Futures by 08:05 Moscow time fell in price by $ 0.28 (0.35%) – to $ 80 per barrel. On Wednesday, their price fell by $ 2.15 (2.6%) and amounted to $ 80.28 per barrel at the close, which is the lowest level since October 7.
Quotations of futures for the WTI grade for December in electronic trading on the New York Mercantile Exchange (NYMEX) in the morning are reduced by $ 0.67 (0.86%) – to $ 77.69 per barrel. As a result of the previous session, their price fell by $ 2.4 (3%), ending the day at $ 78.35 per barrel – at least since October 1.
Oil reserves in the United States last week decreased by 2.1 million barrels – to 433 million barrels, the country's energy ministry said. Gasoline reserves decreased by 707 thousand barrels, distillates – by 824 thousand barrels.
Products of TCOR and SC «Turkmengas» are in the top of exchange trading
89 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.
Chairman of the Halk Maslahaty of Turkmenistan outlined the main features of the country's economic development
Speaking at a meeting of the Halk Maslahaty of Turkmenistan, National Leader of the Turkmen people Gurbanguly Berdimuhamedov emphasized that the key factor in the sustainable advancement of any country is economic growth, TDH reports.
Turkmenistan and the UK are ready to develop trade and economic cooperation in priority areas
Topical issues on the bilateral agenda were discussed at the talks between the Foreign Minister of Turkmenistan Rashid Meredov and the Parliamentary Deputy Secretary of State of the British Foreign, Commonwealth and Development Department, Minister Leo Doherty, who arrived in Ashgabat on a working visit. This was reported on the website of the Foreign Ministry of Turkmenistan.
The Democratic Party of Turkmenistan nominated Serdar Berdimuhamedov as a candidate for the post of President of the country
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Potential of Turkmenistan in shaping the clean energy of the future presented in Brussels
At the conference “The Future of Clean Energy for Central Asia” held in Brussels on Tuesday, the rich potential of Turkmenistan in the formation of clean energy was presented. Ambassador of Turkmenistan to Belgium Sapar Palvanov spoke on this topic at the meeting.