News about oil: events, facts and developments on tafs uz.
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Asian stock indices mostly declined on Monday amid a sell-off in US tech stocks driven by doubts about the returns on AI investments. CoreWeave shares fell roughly 30% over a month; investors await Tesla and Meta earnings and the Fed's rate decision next week.
Dilnoza RahimovaDeputy Prime Minister Alexander Novak said the first tanker with Russian oil has been loaded and dispatched from the Arctic port of Dixon. He also spoke about the deficit in the oil market, gas supplies to China, and the technical possibility of resuming supplies to Europe via Nord Stream.
Dilnoza RahimovaThe BIST 100 index opened at 11,896.08 points, losing 1.44% (174.09 points) from the previous close. The day before, the index closed down 0.4% with a turnover of 92 billion liras. The lira rate, gold, and Brent oil — in an Anadolu review.
Dilnoza RahimovaAccording to BBC Verify analysis based on reports from the UK maritime trade agency UKMTO, 12 ships were attacked between 5 and 11 October — the most since the start of the US and Israel war with Iran. Experts link this to Tehran's attempts to regain control over the strait amid a rise in US-escorted convoys. Oil flow through the strait fell from 15 to 12.6 million barrels per day.
Aziz KarimovDirector of the State Assets Management Agency (SAMA) Sohibjon Murodov said on October 8 that Saneg's licenses for the use of oil fields have been revoked because the fields were not put into operation and the license conditions were not met. He did not specify the number of revoked licenses. The transfer of more than 100 fields to the company in 2019 is linked to the criminal case against the former head of Uzbekneftegaz, Bakhodirzhon Sidikov, who rejects the charges.
Dilnoza RahimovaFollowing the attack on Aramco's headquarters in Dhahran, for which Yemeni Houthis claimed responsibility, IMF Managing Director Kristalina Georgieva warned of negative consequences for the global economy. Brent crude rose above $106, Lufthansa suspended flights to Riyadh, and the IMF forecasts a 3.3% contraction in Saudi Arabia's economy this year.
Dilnoza RahimovaThe International Energy Agency has warned that the diesel market will remain tight at least until 2027, and wholesale diesel prices in Europe may rise again in the coming weeks. The recovery of supplies from the Persian Gulf has not eliminated the shortage: production is still below global demand, Iran has blocked the Strait of Hormuz, and the Houthis are attacking Saudi facilities.
Dilnoza RahimovaOil prices rose in morning trading on Wednesday following Reuters reports of Iran attacking two vessels in the Strait of Hormuz. Brent surpassed $107 per barrel, WTI reached $94.64. The Houthi-Saudi Arabia conflict added supply risks: an attack on an Aramco building caused a 'limited fire', and debris from intercepted rockets injured four people in Riyadh. European TTF gas futures hit a four-year high, European indices opened higher, and Asian trading was mixed.
Nilufar Karimova
