Oil slightly cheaper after OPEC+ decision to increase production
16:18 03.06.2022 5741
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.
Gas price in Europe exceeded $3,300 per 1,000 cubic meters
The spot price of gas in Europe on Thursday evening continued its active growth. A jump in prices at the end of the European trading session is usually the result of the influence of the growth of quotations in the Asian market, Interfax reports.
The President of Turkmenistan discussed the prospects for regional cooperation with the President of the European Council
The President of Turkmenistan Serdar Berdimuhamedov, who is on a working visit to Uzbekistan to participate in the first Central Asia-European Union Summit, met with the President of the European Council António Costa on April 3, TDH reports.
The President of Turkmenistan and the President of the European Commission expressed confidence in the successful holding of the Central Asia-EU Summit
The President of Turkmenistan Serdar Berdimuhamedov, who is on a working visit to Uzbekistan to participate in the first Central Asia-European Union Summit, met with the President of the European Commission Ursula von der Leyen on April 3.
The President of Turkmenistan took part in the first Central Asia-EU Summit and the Samarkand International Climate Forum
The President of Turkmenistan Serdar Berdimuhamedov, who is on a working visit to Uzbekistan, took part in the first Central Asia-European Union Summit and the Samarkand International Climate Forum on April 4, TDH reports.
The price of Brent rose above $100 per barrel again
Oil prices are rising moderately on Friday morning after falling the day before, foreign media reported.