nCa Analysis The prices of oil and gas are rising in the world markets but that is no reason for Central Asia to abandon its cautious policies. As recorded on 9 August 2023, the price of gas suddenly jumped by 22%, reaching USD 430 per thousand cubic meters on Dutch benchmark. Brent crossed USD 87 […]
Surprise decision of OPEC+ to cut production leads to increase in price – Fitch predicts oil situation from ‘moderate surplus’ to ‘deficit’ this year
The decision of the OPEC+ to cut the oil production down took the markets by surprise. The price in Brent crude jumped suddenly from USD 80 to USD 85 per barrel, an increase of about 7-8%, Saudi Arabia, Russia and their oil-producing allies announced on Sunday, 2 April 2023, that they would cut production by […]