The price of Brent rose above $100 per barrel again
09:14 27.08.2022 10818
Oil prices are rising moderately on Friday morning after falling the day before, foreign media reported.
According to Interfax, the cost of October futures for Brent on the London ICE Futures exchange by 8:03 Moscow time on Friday amounted to $100.12 per barrel, which is $0.78 (0.79%) higher than the closing price of the previous session. As a result of trading on Thursday, these contracts fell by $1.88 (1.9%) to $99.34 per barrel.
The price of futures for WTI for October in electronic trading on the New York Mercantile Exchange (NYMEX) by this time amounted to $93.28 per barrel, which is $0.76 (0.82%) more than the final value of the previous session. By the close of trading the day before, the cost of WTI fell by $2.37 (2.5%) to $92.52 per barrel.
«Oil traders are focusing on just two things,» Naeem Aslan, senior market analyst at AvaTrade, said. «It's the possibility of a nuclear deal on Iran that would bring Iranian oil back to the market, and more importantly, OPEC production».
«There are a lot of rumors in the market that a deal with Iran is very likely, as the country appears to have abandoned some important demands», he added.
Meanwhile, Saudi Arabia, OPEC's largest oil producer, has begun talking about the cartel's production cuts, the expert said. «This allows to calm the main fear of traders that the return of Iranian oil to the market will destabilize the balance of supply and demand», Aslan said.
The next OPEC+ meeting will take place on September 5.
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.
It is planned to increase hydrocarbon production in Balkan region
In the Balkan region, a key region in the oil and gas sector of Turkmenistan, it is planned to increase natural gas production to 11 billion cubic meters per year by 2025. The head of the Department for Analysis of Economic Risks of the Agency for Protection from Economic Risks under the Ministry of Finance and Economy of Turkmenistan, Hangeldi Gurbangeldiev, said this in a commentary for the official Turkmen press.
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.
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.
Transactions for the export of LNG and jet fuel were entered at exchange trading
On Monday, August 22, 12 transactions were concluded at the State Commodity and Raw Materials Exchange of Turkmenistan for a total of $5.4 million, the ORIENT news agency reported.