Oil prices fell on Tuesday, pending a new expected increase in production by OPEC+ and as the re -exports of oil exports from the Iraqi region through Turkey enhanced market expectations for a surplus supply.
Brent’s future fulfillment contracts down 84 cents, or 1.2%, to $ 67.13 a barrel.
The US Slow West Texas Intermediate is trading at $ 62.68 a barrel, dropping 77 cents or 1.2%.
At a meeting scheduled for Sunday, the Organization of Oil Producers and its allies, including Russia, known as OPEC+, will probably approve another increase in oil production by at least 137,000 barrels a day, according to three sources familiar with the talks.
Fall in natural gas prices
In the meantime, a natural gas wholesale prices in the Netherlands and Britain also decline, as mild temperatures have reduced the demand for gas, while the offer remained stable.
The TTF Dutch Reference Contract declines 0.38 euros to EUR 31.63 per megawatt hour (MWh).
The Dutch contract is down 0.4 euros to 32.10 euros/MWh.
The supplies of liquefied natural gas in Europe remained strong.
Source: Skai
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