Oil and Gas Sector

02.05.2024

Uzbekistan reports decline in gas production with 3.9bn cubic meters in March 2024

Uzbekistan is witnessing a decline in its energy sector, specifically in gas and oil extraction, as well as petrol production, the State Statistics Agency reports. As of March 2024, gas production recorded 3.9 bn cubic meters, a reduction of 1.4 bn cubic meters from the figures reported in 2019.

The report indicates a decrease in oil production,...

Uzbekistan is witnessing a decline in its energy sector, specifically in gas and oil extraction, as well as petrol production, the State Statistics Agency reports. As of March 2024, gas production recorded 3.9 bn cubic meters, a reduction of 1.4 bn cubic meters from the figures reported in 2019.

The report indicates a decrease in oil production,...

02.05.2024

Brent found oscillating between $88 and $89/b

Oil prices rose in early trade on Wednesday, adding to gains in the previous session, after industry data showed a surprise drop in U.S. crude stocks last week, a positive sign for demand, and attention shifted away from hostilities in the Middle East.

Brent crude futures rose 9 cents, or 0.1%,...

Oil prices rose in early trade on Wednesday, adding to gains in the previous session, after industry data showed a surprise drop in U.S. crude stocks last week, a positive sign for demand, and attention shifted away from hostilities in the Middle East.

Brent crude futures rose 9 cents, or 0.1%,...

02.05.2024

Brent closes in on $90/b threshold as Mideast firework resumes

Oil prices settled higher on Thursday on worries of supply disruptions in Middle East supply as Israel stepped up airstrikes on Gaza's Rafah and on the U.S. Treasury secretary's comments that the economy was performing well.

Brent crude futures settled 99 cents, or 1.1%, higher at $89.01 a barrel. U.S. West...

Oil prices settled higher on Thursday on worries of supply disruptions in Middle East supply as Israel stepped up airstrikes on Gaza's Rafah and on the U.S. Treasury secretary's comments that the economy was performing well.

Brent crude futures settled 99 cents, or 1.1%, higher at $89.01 a barrel. U.S. West...

30.04.2024

Italy starts producing industrial oils and lubricants under Uzbek brand

Saneg Oil Italy, a subsidiary of the Uzbek vertically integrated oil and gas company Saneg, began producing oils and lubricants for industrial use under the brand of the same name.

The range of industrial oils includes 21 items, including hydraulic, gear, compressor, circulating and other oils for use in various industries....

Saneg Oil Italy, a subsidiary of the Uzbek vertically integrated oil and gas company Saneg, began producing oils and lubricants for industrial use under the brand of the same name.

The range of industrial oils includes 21 items, including hydraulic, gear, compressor, circulating and other oils for use in various industries....

30.04.2024

Brent dips below $87/b as demand eases

Oil prices fell to a three-week low on Thursday, extending losses on hopes of easing tensions in the key producing region of the Middle East, while investors turned their focus to a bleaker demand picture.

Brent futures were down 60 cents, or 0.7%, at $86.69 a barrel, while U.S. crude futures...

Oil prices fell to a three-week low on Thursday, extending losses on hopes of easing tensions in the key producing region of the Middle East, while investors turned their focus to a bleaker demand picture.

Brent futures were down 60 cents, or 0.7%, at $86.69 a barrel, while U.S. crude futures...


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