The US Department of Energy lowered the forecast for the price of Brent crude oil for 2023 from $84.09/bbl to $83.99/bbl, the monthly forecast of the Energy Information Administration of the department (EIA). According to the agency, the average spot price of Brent in October was $91/bbl, which is $3 less than the average in September.The EIA expects that the average price of Brent in the fourth quarter of 2023 will be at the level of $90/bbl.Among the … The US Department of Energy lowered the forecast for the price of Brent crude oil for 2023 from $84.09/bbl to $83.99/bbl, the monthly forecast of the Energy Information Administration of the department (EIA). According to the agency, the average spot price of Brent in October was $91/bbl, which is $3 less than the average in September.The EIA expects that the average price of Brent in the fourth quarter of 2023 will be at the level of $90/bbl.Among the …
On November 6, the leadership of the Turkmen state concern “Turkmengaz” held talks with an Iraqi delegation headed by the country’s Energy minister Ziad Ali Fadel, the newspaper of the oil and gas complex of Turkmenistan “Nebitgaz” reports.The parties discussed cooperation in the gas industry at the meeting. In October 2023, a memorandum of understanding on natural gas supplies was signed between “Turkmengaz” and the Iraqi Ministry of Energy. Then the Iraqi …
The Azerbaijan State Oil Company (SOCAR) and the International Monetary Fund (IMF) exchanged views on the issues of energy transition and digitalization.According to SOCAR’s press service, the sides expressed satisfaction with the development of effective cooperation between Azerbaijan and the IMF.Information was provided on global energy projects implemented on the initiative of Azerbaijan, including joint steps with partners to expand the Southern …
Kazakhstan will increase the fixation of oil turnover in the accounting information system to 100% in 2024 from 94.8% currently, the Ministry of Energy reported.”94.8% of oil turnover is taken into account in digital format. It is planned to connect all subsoil users and bring oil turnover in the digital environment to 100% and connect gas fields from 2024,” the report says.The oil and gas condensate Accounting Information System was launched on …
Turkish Energy Minister Alparslan Bayraktar announced the termination of projects with Israel in the energy sector. “It would be inappropriate to talk about the implementation of projects with Israel in such conditions. The only thing we can talk about is the supply of electricity and water to Gaza,” the Turkish minister said on the A Para TV channel.Earlier, Turkish Trade Minister Omar Bolat said that the country had reduced trade turnover …