Oil rose to a record $139 per barrel due to a possible ban on supplies to the US from Russia
15:34 07.03.2022 4427
Oil rose in price on Monday to its highest level since 2008, reaching almost $140 per barrel, after reports of a possible US ban on its imports from Russia, Interfax reports.
The United States, along with its allies in Europe, is «actively discussing» the possibility of not importing Russian oil, Secretary of State Anthony Blinken said in an interview with NBC.
Washington can go on an embargo without the participation of European allies, two Bloomberg sources said. At the same time, no decision has yet been made on this issue.
The House of Representatives of Congress is studying the possibility of developing a bill to ban the import of Russian oil, said Speaker of the Lower House Nancy Pelosi.
Russia accounts for roughly 3% of US oil imports, official US data show.
Against the background of statements from Washington, futures for Brent oil rose by 18% in early trading on Monday and at one point exceeded $139 per barrel. At 07:30 Moscow time, the price of contracts is about $129 per barrel.
Analysts at JPMorgan Chase & Co. Believe that Brent could reach $185 per barrel by the end of the year if supply disruptions from Russia continue.
«Nebitgazchykarysh»: 503 wells repaired in 11 months
The repairmen of the «Nebitgazchykarysh» enterprise of the State Concern «Turkmennebit» of the Balkan region have achieved great results since the beginning of 2021. The enterprise overhauled and commissioned 503 wells in January-November.
At the government meeting, measures to strengthen the material-technical base and export potential of the fuel and energy sector were discussed.
President of Turkmenistan Serdar Berdimuhamedov held another meeting of the Cabinet of Ministers via digital system on May 10, where a number of national life issues were addressed.
Measures in the oil and gas complex were taken to hold elections at the proper level
Last Friday, President Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers by digital system, at which the results of the elections of deputies of the Mejlis of Turkmenistan, members of the velayat (regional), etrap (province), city halk maslahaty and gengeshes were considered.
The President approved proposals for the rational use of oil refinery capacities
On February 28, President of Turkmenistan Serdar Berdimuhamedov held a regular meeting of the Cabinet of Ministers via a digital system, the agenda of which included a number of issues of state life, TDH reports.
The amount of foreign exchange transactions on the exchange of Turkmenistan exceeded $90 million
68 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.