In the Asian trading world oil prices reference marks are significantly increased. Thus, the cost of may futures for Brent crude on London’s ICE Futures exchange rose to of 66.65 dollars per barrel. These indicators are already 0.1% above the closing level of the previous session.
This is evidenced by the results of the auction.
It is known that at the same time futures for oil WTI in electronic trading on the new York Mercantile exchange (NYMEX) rose by 0.2% – to 56.92 per barrel.
Thus, from the beginning of the week Brent rose by $ 0.91 per barrel, while WTI rose by 0.85 per barrel. In particular, Saudi Arabia in April plans to produce much less than 10 million barrels of oil per day, as in March, when the volume of oil production was reduced by 500 thousand barrels from February.
The export of oil from the country will amount to less than 7 million barrels per day, which says about readiness of the government of Saudi Arabia to support oil prices. Also, market participants expect the data about fuel stocks in the United States. According to analysts, stocks of raw materials in the U.S. last week rose by 2.6 million barrels.
It is worth mentioning that despite the fact that the Prosecutor General’s office of Ukraine launched a massive operation against illegal sale of petroleum products and liquefied natural gas – the point of sale “outside the law” continues to grow like mushrooms after rain, as reported by Facebook.
We will remind, earlier it was reported that the formula “Rotterdam+” used to determine the coal price for electricity production in thermal power plants (TPP), contributed to the stable operation of the Ukrainian energy system. Write about the Facts in the article “Rotterdam plus, goodbye”. In the energy balance of Ukraine the share of TPP accounted for 1/3 of the total volume of electricity, with maneuverable power units perform an important for stable operation balancing function.
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