World prices for oil decreased on August 10
The world prices for oil, following the results of the tenders on Tuesday, August 10, decreased due to strengthening of the US dollar in comparison to euro and other leading world currencies. Besides, world market tendencies were affected by the decision of the American Federal Reserve System to keep the base discount rate without any changes and the statement of the representatives of the Federal Reserve System of delay of restoration rates of the US economy in July.
Almaty. August 11. Kazakhstan Today - The world prices for oil, following the results of the tenders on Tuesday, August 10, decreased due to strengthening of the US dollar in comparison to euro and other leading world currencies. Besides, world market tendencies were affected by the decision of the American Federal Reserve System to keep the base discount rate without any changes and the statement of the representatives of the Federal Reserve System of delay of restoration rates of the US economy in July.
The cost of the September future contract (settle) on North Sea oil of Brent Crude Oil during the last trading day at the Intercontinental Exchange (ICE) has decreased from $80.99 to $79.60 per barrel.
The official price of the September future contract (settle) on delivery of Light Sweet Crude Oil (WTI) during the last trading day at the New York Mercantile Exchange (NYMEX) has decreased from $81.48 to $80.25 per barrel.
The cost of OPEC oil basket (OPEC Reference Basket of crudes) increased on August 9 from $78.15 to $78.28 per barrel. In July, 2010, the cost of the OPEC basket on the average totaled $72.42 per barrel.
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Kazakhstan produces over 1mn tons of meat in 11M2025
Kazakhstan’s livestock industry is showing steady growth across all key areas, Qazinform News Agency learned from the Ministry of Agriculture.
Positive dynamics is observed both in the number of farm animals and in the volume of products manufactured.
The cattle population increased by 2.7% to reach 8.3 million head. The number of calves rose to 2.8 million, which is 17.8% more compared to the same period last year.
The horse population grew by 6.9% to 4.4 million head, with 1 million foals born (an increase of 8.8%).
The number of camels rose by 6.3% to 300 thousand head, with 53.8 thousand camel calves (+5.9%).
The poultry population increased by 8.8% to 48.5 million head.
The sheep population reached 19.6 million head, with 7.7 million lambs born, showing a 5% increase.
During the reporting period, the country produced 1,021.6 thousand tons of meat of all types, which is 3% higher than in 2024. This includes: 358.8 thousand tons of beef (351.4 thousand tons in 2024), 111.8 thousand tons of mutton (109.1 thousand tons), 146.8 thousand tons of horse meat (140 thousand tons), 337.1 thousand tons of poultry meat (326.3 thousand tons), and others.
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President Tokayev Meets with Shingo Ueno, President and CEO of Sumitomo Corporation
Images | akorda.kz
President Kassym-Jomart Tokayev held a meeting with Shingo Ueno, Representative Director, President and CEO of Sumitomo Corporation, one of Japan’s largest and most influential trading and investment companies, akorda.kz reports.
The President of Kazakhstan noted that our country highly values Sumitomo’s commitment to sustainable growth and responsible business practices, and considers the company a long-term strategic partner.
In turn, Shingo Ueno informed the Head of State about the preparation of a joint project with the national atomic company Kazatomprom in the field of nuclear medicine. The project aims to develop scientifically grounded approaches to the production of medical radioisotopes from by-products of uranium manufacturing.
The interlocutors also discussed prospects for implementing joint investment projects in transportation and logistics, energy, nuclear industry, metallurgy and geological exploration.
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KazTransOil and Transneft sign agreement on transportation of kazakh oil for 2026
Images | kaztransoil.kz
KazTransOil and Transneft sign agreement on transportation of kazakh oil for 2026. A working meeting between delegations of JSC KazTransOil and PJSC Transneft was held today in Astana, kaztransoil.kz reports.
During the meeting, the parties discussed key issues of bilateral cooperation and signed an agreement for the provision of services for the transit transportation of oil through the territory of the Russian Federation for 2026.
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