Oil slightly cheaper after OPEC+ decision to increase production
16:18 03.06.2022 4388
World oil prices fell slightly on Friday morning, remaining above $117 per barrel. This is evidenced by the auction data, the Azerbaijani news agency Report reports.
A day earlier, oil rose in price after the OPEC+ decision to increase oil production, but now investors are largely rethinking the consequences of this decision, according to trading data and analyst comments.
Thus, the price of August futures for Brent crude fell by 0.34%, to $117.21 per barrel, July futures for WTI — by 0.49%, to $116.3.
A day earlier, oil rose in price after the OPEC+ countries decided in July and August to increase oil production more intensively: instead of the planned monthly increase of 432 thousand barrels per day, there will be 648 thousand barrels per day.
OPEC+ explained its decision by the need to meet the growing demand for oil in the world, and not by a decrease in production in Russia due to Western sanctions.
Pakistani leaders are interested in implementing joint energy projects with Turkmenistan
The President and Prime Minister of Pakistan in their letters to the President of Turkmenistan Serdar Berdimuhamedov expressed their interest in promoting joint energy projects in South and Central Asia.
The President of Turkmenistan signed the Resolution to ensure the uninterrupted operation of the Korpeje gas compressor station
On November 15, President Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers via a digital system, where key tasks of the country's socio-economic development were discussed, drafts of a number of documents were reviewed, as well as some other issues.
The President of Turkmenistan and the head of CNPC discussed the prospects for cooperation in the gas sector
Prospects for cooperation in the gas industry were discussed on Monday at a meeting between President of Turkmenistan Serdar Berdimuhamedov and member of the board, President of China National Petroleum Corporation (CNPC) Hou Qijun, the State News Agency of Turkmenistan reports.
Nayip complex for the production of liquefied gas: ahead of the plan
Over the past five months of this year, the Department for the production of liquefied gas «Lebap» of the State Concern «Turkmengas» produced more than 47.3 thousand tons of liquefied gas, while the implementation of the plan was 105.8%. More than 46.4 thousand tons of marketable products were sent for export.
The President of Turkmenistan has sent the draft State Budget of the country for 2025 to the Mejlis for consideration
The President of Turkmenistan Serdar Berdimuhamedov has sent the draft State Budget of the country for 2025 to the Mejlis. Vice-Chairman of the Cabinet of Ministers Hojamyrat Geldimyradov reported to the President on the preparation of the draft State Budget of Turkmenistan for next year at a government meeting held via video link on November 15.