Oil and Gas Sector

21.01.2021

Brent holds topping $56/b on Biden entry

Oil rose above $56 a barrel on Wednesday, supported by expectations the new U.S. administration will deliver massive stimulus spending that would lift demand, as well as by OPEC curbs and forecasts of a drop in U.S. crude inventories.

U.S. Treasury Secretary nominee Janet Yellen on Tuesday urged lawmakers to "act...

Oil rose above $56 a barrel on Wednesday, supported by expectations the new U.S. administration will deliver massive stimulus spending that would lift demand, as well as by OPEC curbs and forecasts of a drop in U.S. crude inventories.

U.S. Treasury Secretary nominee Janet Yellen on Tuesday urged lawmakers to "act...

20.01.2021

Kyrgyzstan notes 23.7% decrease in producer prices at enterprises for the production of petroleum products in November

The industrial producer price index in November 2020 was 101.8% compared to the previous month. This is stated in the materials of the National Statistical Committee.

Producer prices in the extraction of minerals during this period increased by 5.3%.

The producer price index in manufacturing in November 2020 amounted to 101.6% compared...

The industrial producer price index in November 2020 was 101.8% compared to the previous month. This is stated in the materials of the National Statistical Committee.

Producer prices in the extraction of minerals during this period increased by 5.3%.

The producer price index in manufacturing in November 2020 amounted to 101.6% compared...

20.01.2021

Brent drops below $55/b as bug bites through

Oil prices fell on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world and the slow pace of vaccination against the virus outweighed a better-than-expected quarterly rebound for China's economy.

Brent crude was down 16 cents, or 0.3%, at $54.94 per barrel at 1445 GMT, and West...

Oil prices fell on Monday as a stronger dollar, fears over soaring COVID-19 cases around the world and the slow pace of vaccination against the virus outweighed a better-than-expected quarterly rebound for China's economy.

Brent crude was down 16 cents, or 0.3%, at $54.94 per barrel at 1445 GMT, and West...

20.01.2021

Brent veers back on demand resumption hopes

Oil prices climbed on Tuesday as optimism that government stimulus will eventually lift global economic growth and oil demand trumped concerns that renewed COVID-19 pandemic lockdowns globally are cooling fuel consumption.

Brent crude futures for March rose 72 cents to $55.47 a barrel by 1152 GMT after slipping 35 cents in the previous session.

"The...

Oil prices climbed on Tuesday as optimism that government stimulus will eventually lift global economic growth and oil demand trumped concerns that renewed COVID-19 pandemic lockdowns globally are cooling fuel consumption.

Brent crude futures for March rose 72 cents to $55.47 a barrel by 1152 GMT after slipping 35 cents in the previous session.

"The...

18.01.2021

Brent down over 2% on lockdowns, U.S. stimulus concerns

Oil prices fell more than 2% on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world’s biggest crude importer and U.S. plans for a large stimulus package.

Brent was down $1.33, or 2.3%, at $55.17 by 11:59...

Oil prices fell more than 2% on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world’s biggest crude importer and U.S. plans for a large stimulus package.

Brent was down $1.33, or 2.3%, at $55.17 by 11:59...


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