Oil and Gas Sector

23.02.2024

Uzbekistan reduces gas and oil production in January

Energy production continues to decline in Uzbekistan, according to data from the Statistics Agency.

In January, gas production in Uzbekistan amounted to 3.99 billion cubic meters, which is 9.4% less than in January 2023.

In the reporting period, 60.5 thousand tons of oil were produced, which is 6.3% lower compared to January...

Energy production continues to decline in Uzbekistan, according to data from the Statistics Agency.

In January, gas production in Uzbekistan amounted to 3.99 billion cubic meters, which is 9.4% less than in January 2023.

In the reporting period, 60.5 thousand tons of oil were produced, which is 6.3% lower compared to January...

23.02.2024

Output restrictions, Red Sea pirates drive Brent up

Oil prices regained some ground on Wednesday, as investors weighed concerns over output cuts by key producers and attacks on shipping in the Red Sea against dimmed expectations of U.S. rate cuts.

Brent crude futures rose 12 cents, or 0.15%, to $82.46 a barrel by 0100 GMT, while U.S. West Texas...

Oil prices regained some ground on Wednesday, as investors weighed concerns over output cuts by key producers and attacks on shipping in the Red Sea against dimmed expectations of U.S. rate cuts.

Brent crude futures rose 12 cents, or 0.15%, to $82.46 a barrel by 0100 GMT, while U.S. West Texas...

23.02.2024

Steady supply-demand balance keep natural gas benchmarks stagnant

Dutch and British wholesale gas prices were little changed on Wednesday morning amid weak demand, with the market brushing off a decline in Norwegian supply.

The benchmark front-month contract at the Dutch TTF hub was down 0.02 euro at 23.68 euro per megawatt hour (MWh) at 23.68 euro per MWh by 1000...

Dutch and British wholesale gas prices were little changed on Wednesday morning amid weak demand, with the market brushing off a decline in Norwegian supply.

The benchmark front-month contract at the Dutch TTF hub was down 0.02 euro at 23.68 euro per megawatt hour (MWh) at 23.68 euro per MWh by 1000...

23.02.2024

Uzbekistan to direct US$500 million to upgrade trunk gas pipeline system

Uzbekistan plans to modernize the main gas pipeline system to increase the volume of natural gas imports in the northern direction.

The Government of Uzbekistan adopted a resolution on measures to implement investment projects in the first quarter of 2024.

The resolution notes that Uztransgaz will implement the first stage of the...

Uzbekistan plans to modernize the main gas pipeline system to increase the volume of natural gas imports in the northern direction.

The Government of Uzbekistan adopted a resolution on measures to implement investment projects in the first quarter of 2024.

The resolution notes that Uztransgaz will implement the first stage of the...

23.02.2024

Brent crawls up on top of $80/b threshold

Oil prices rose slightly on Thursday, holding to gains from the previous session that came amid signs of tighter supply.

U.S. West Texas Intermediate crude futures (WTI) rose 17 cents to $78.08 a barrel for the prompt month. The May contract gained 14 cents to $77.45 a barrel by 0150 GMT.

Brent...

Oil prices rose slightly on Thursday, holding to gains from the previous session that came amid signs of tighter supply.

U.S. West Texas Intermediate crude futures (WTI) rose 17 cents to $78.08 a barrel for the prompt month. The May contract gained 14 cents to $77.45 a barrel by 0150 GMT.

Brent...


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