Oil and Gas Sector

08.04.2021

Brent tops $63/b on economy drive

Oil prices were lifted on Wednesday by prospects for stronger global economic growth, though gains were capped as talks to revive a nuclear deal with Iran raised the possibility of an easing of sanctions on its oil exports.

Brent crude futures gained 54 cents, or 0.9%, to $63.28 a barrel by...

Oil prices were lifted on Wednesday by prospects for stronger global economic growth, though gains were capped as talks to revive a nuclear deal with Iran raised the possibility of an easing of sanctions on its oil exports.

Brent crude futures gained 54 cents, or 0.9%, to $63.28 a barrel by...

08.04.2021

North Sea region’s natural gas prices mixed as weather competes with LNG

British wholesale gas prices were mixed early on Wednesday, reflecting a tighter system and cold weather, but also lower demand and increasing supply over the next few days.

The within-day contract was up 1.70 pence at 53.95 pence per therm by 0840 GMT. The day-ahead contract was down 1.25 pence at...

British wholesale gas prices were mixed early on Wednesday, reflecting a tighter system and cold weather, but also lower demand and increasing supply over the next few days.

The within-day contract was up 1.70 pence at 53.95 pence per therm by 0840 GMT. The day-ahead contract was down 1.25 pence at...

06.04.2021

Gasoline prices in Kyrgyzstan may increase by 6%, diesel fuel by 9% in April

During April 2021, prices on the fuel and lubricants market in Kyrgyzstan may increase for gasoline group by 6%, for diesel fuel by 9%. This forecast was made by the Association of Oil Traders of Kyrgyzstan.

The Association told what caused the rise in prices for fuels and lubricants.

“First, the worldwide...

During April 2021, prices on the fuel and lubricants market in Kyrgyzstan may increase for gasoline group by 6%, for diesel fuel by 9%. This forecast was made by the Association of Oil Traders of Kyrgyzstan.

The Association told what caused the rise in prices for fuels and lubricants.

“First, the worldwide...

06.04.2021

Brent retreats on GLOPEC, Iran glut

Oil fell below $64 a barrel on Monday as rising supply from OPEC+ and higher Iranian output countered signs of a strong economic rebound in the United States and expectations of a wider demand recovery in 2021.

The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed on...

Oil fell below $64 a barrel on Monday as rising supply from OPEC+ and higher Iranian output countered signs of a strong economic rebound in the United States and expectations of a wider demand recovery in 2021.

The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed on...

05.04.2021

Brent close to 465/b as GLOPEC members hold on to reins

Oil prices surged up 3% on Thursday after news that OPEC+ reached a deal to gradually ease production cuts from May.

Brent crude rose $1.94, or 3.1%, to $64.68 a barrel by 1:25 p.m. EST (1825 GMT). U.S. oil was up $2.10, or 3.6%, at $61.26 a barrel.

OPEC+, which comprises the...

Oil prices surged up 3% on Thursday after news that OPEC+ reached a deal to gradually ease production cuts from May.

Brent crude rose $1.94, or 3.1%, to $64.68 a barrel by 1:25 p.m. EST (1825 GMT). U.S. oil was up $2.10, or 3.6%, at $61.26 a barrel.

OPEC+, which comprises the...


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