Oil slightly cheaper after OPEC+ decision to increase production
16:18 03.06.2022 4944
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.
Arkadag hosted the International Investment Forum
The international investment forum “Arkadag – “smart” city” took place literally the next day after the grand opening of the first stage of the new city.
Oil bitumen and polypropylene became the subject of transactions at the auction
16 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.
OPEC seminar in Vienna to discuss energy security, energy transition and financing
In Vienna, in the Hofburg Imperial Palace (Austria), on July 5-6, the 8th OPEC International Seminar "Towards a Sustainable and Inclusive Energy Transition" will take place.
Serdar Berdimuhamedov: Turkmenistan considers relations with the SCO in a strategic way
Turkmenistan considers relations with the Shanghai Cooperation Organization in a strategic way. This was stated by President Serdar Berdimuhamedov, speaking online on Tuesday at a meeting of the Council of Heads of State of the SCO Member States as a guest of the chairman.
Recep Tayyip Erdogan congratulates the head of Turkmenistan on the successful opening of Arkadag smart city
Turkish President Recep Tayyip Erdogan, in a telephone conversation with the head of Turkmenistan on Friday, congratulated Serdar Berdimuhamedov on the commissioning of the facilities of the first stage of construction of the "smart" city of Arkadag, TDH reports.