Oil continues to fall in price in anticipation of the OPEC+ meeting, Brent is trading at about $84 per barrel
10:42 04.11.2021 4776
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.
Schoolchildren’s summer holiday season starts in Geokdere
The summer vacation season is currently in full swing in our country. Tired of the school bustle, the children plunged headlong into the atmosphere of joy, fun and new adventures that every day gives them, spent in one of the many children’s health centers in the picturesque corner of our country – the Geokdere Gorge.
The Presidents of Turkmenistan and Kazakhstan discussed issues of bilateral and regional cooperation
During his working visit to Kazakhstan, President of Turkmenistan Serdar Berdimuhamedov met with the Head of the Republic Kassym-Jomart Tokayev, TDH reports.
Serdar Berdimuhamedov: Turkmenistan is interested in expanding multifaceted cooperation in the Central Asia-Italy format
On May 30, President of Turkmenistan Serdar Berdimuhamedov paid a working visit to Kazakhstan, where he took part in the First Summit in the Central Asia-Italy format, held in Astana.
Uzbekneftegaz plans to buy oil from Petronas subsidiary in Turkmenistan
Uzbek holding corporation Uzbekneftegaz and Petronas Charigali (Turkmenistan) SDN BHD are working on a program for supplying Turkmen oil to Uzbekistan in 2023, according to the Uzbek edition of Newshub.uz.
Teleconference between the participants of «OGT-2021» and «Expo Dubai 2020» was held
Today, on the second day of the XXVI International Conference «Oil and Gas of Turkmenistan -2021», a teleconference was held with the participants of the International Exhibition «Expo Dubai 2020». Its participants discussed one of the most pressing topics of our time – the transition to a low-carbon future through the use of natural gas and alternative energy sources.