Brent oil fell to $99.11 a barrel
22:35 12.08.2022 7019
Oil prices are falling during the trading session on Friday after a steady increase in the previous trading session, Interfax reports.
The cost of October futures for Brent on the London ICE Futures exchange by 8:08 am Moscow time on Friday was $99.11 per barrel, which is $0.49 (0.49%) lower than the closing price of the previous session. As a result of previous trading, these contracts rose in price by $2.2 (2.2%) to $99.6 per barrel.
The price of futures for WTI for September in electronic trading on the New York Mercantile Exchange (NYMEX) by this time amounted to $93.81 per barrel, which is $0.53 (0.56%) less than the final value of the previous session. By the close of the market on Thursday, the value of these contracts rose by $2.41 (2.62%) to $94.34 per barrel.
Meanwhile, for the week, the price of Brent could show an increase of almost 5%, WTI – more than 5%, according to Trading Economics.
Meanwhile, OPEC, in its own monthly report, lowered its forecast for oil demand growth this year by 0.3 million barrels per day to 3.1 million bpd due to some regional changes. Thus, in 2022, according to the organization, oil consumption will be 100.03 million b/d, and not 100.3 million b/d, as previously expected. OPEC still believes that this forecast assumes «healthy» demand for the energy resource, the report says.
Turkmenistan at the UN General Assembly will propose to develop a global strategy for zero growth in greenhouse gas emissions
Turkmenistan at a regular session of the UN General Assembly will make a proposal to develop a global Zero GHG emissions strategy by 2030 and adopt the International Forum on this issue. This proposal is included in the priority positions of Turkmenistan at the 78th session of the UN General Assembly, published on the website of the Ministry of Foreign Affairs of Turkmenistan.
Iraq establishes committee to purchase Turkmen and Qatari gas
Iraqi Energy Minister Ziyad Ali Fadel told reporters about the formation of a joint committee to discuss issues of supplies of Turkmen and Qatari natural gas, the Iraqi news agency Iraqi News reports.
The summit of the heads of Uzbekistan, Turkmenistan and Tajikistan will give a new impetus to cooperation, - Shavkat Mirziyoyev
The summit of the heads of Uzbekistan, Turkmenistan and Tajikistan, held on August 4 in Ashgabat, will give a new impetus to interstate cooperation. This was stated by the President of Uzbekistan Shavkat Mirziyoyev in a letter addressed to the National Leader of the Turkmen people, Chairman of the Halk Maslakhaty of Turkmenistan Gurbanguly Berdimuhamedov.
Azerbaijan has laid an underwater pipeline commissioned by Turkmenistan
Pipe-laying vessel “Suleiman Vezirov”, owned by CJSC Azerbaijan Caspian Shipping Company (ASCO), completed the laying of the underwater pipeline at the oil field LAM and ZHDANOV in the Caspian Sea.
Businessmen from the UAE and Afghanistan purchased products of the Turkmennebit at the auction
40 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan last week.