Oil is confidently rising in price, the price of Brent rose to $76.42 per barrel
16:27 09.12.2021 6067
Oil prices are rising on Thursday on new signals that the spread of the omicron COVID-19 strain will not have such serious consequences for the global economy as initially expected, Interfax reported.
On the eve of the American Pfizer and the German BioNTech SE published preliminary results of laboratory studies regarding the effectiveness of the vaccine against the omicron strain. Studies have shown that three doses of the vaccine provide the same level of protection against omicron as two doses against the common COVID-19 virus.
«Traders are beginning to realize that while the omicron may lead to some weakening in demand, the impact will not be as dire as expected», Phil Flynn, senior oil analyst at Price Futures Group, said.
The cost of February Brent oil futures on the London ICE Futures exchange by 8:15 Moscow time on Thursday is $ 76.42 per barrel, which is $ 0.6 (0.79%) higher than the price at the close of the previous session. As a result of trading on Wednesday, these contracts rose by $ 0.38 (0.5%) – to $ 75.82 per barrel.
The price of WTI crude oil futures for January in electronic trading on the New York Mercantile Exchange (NYMEX) is by this time $ 73.06 per barrel, which is $ 0.7 (0.97%) higher than the final value of the previous session. By the close of trading on Wednesday, the value of these contracts increased by $ 0.31 (0.4%) and amounted to $ 72.36 per barrel.
Turkmenistan and Kazakhstan intend to strengthen cooperation in the gas industry
The State Concern «Turkmengas» and the Ministry of Energy of Kazakhstan signed a Memorandum of Intent to Strengthen Cooperation in the Gas Industry.
Prospects for cooperation in the fuel and energy sector were discussed with BOTAŞ
On December 6, a meeting was held in Ashgabat between the management of the Turkmengas State Concern and a delegation from Turkey headed by Abdulvahit Fidan, Director General of BOTAŞ. The Turkmen side was led by Maksat Babayev, State Minister of Turkmenistan and Chairman of the Turkmengas State Concern.
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with the commissioning of facilities and laying new ones between Turkmenistan and Afghanistan, great prospects for wide-format cooperation open up. This was announced on September 11 at the ceremony of commissioning and starting of the construction of a number of infrastructure facilities with the participation of Afghanistan.
Serdar Berdimuhamedov: the interests of Turkmenistan and the SCO coincide in terms of strategic parameters
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Turkmenistan sent another humanitarian aid to Afghanistan
On Wednesday, September 11, as part of the start of construction of the Serhetabat-Herat gas pipeline and other infrastructure facilities on the Turkmen-Afghan border, humanitarian aid was sent at the expense of the Gurbanguly Berdimuhamedov Charitable Foundation for Assistance to Children in Need of Care.