Oil price goes down, and Brent is at $86.90 a barrel

Prices for oil of benchmark grades are declining in Tuesday’s trading after a drop following the trading on Monday.

Azerbaijan to increase its gas imports from Russia

Azerbaijan will increase its gas imports from Russia to help service domestic needs

Oil and gas make up about 90% of Azerbaijan's exports

The decline in oil production has led to a decrease in total trade turnover, ABC.AZ reports, quoting Milli Majlis MP Vugar Bayramov.

Cost of oil goes down, and Brent is at $87.51 a barrel

Prices for oil of benchmark grades are falling in Monday’s trading after growth following the past week.

Ilham Aliyev: Azerbaijan to become a supplier of green energy to Europe

Production from this platform suspended temporarily

Production from Deepwater Gunashli platform suspended temporarily.

Oil price keeps on rising, and Brent is at $89.44 per barrel

Prices for oil of benchmark grades continued to increase in Friday’s trading after growth following the trading the day before.

President Aliyev: Armenia can potentially become a recipient of Azerbaijani gas

Armenia can potentially become a recipient of Azerbaijani gas, ABC.AZ reports, quoting Azerbaijani President Ilham Aliyev.

Azerbaijan’s natural gas supply to Hungary started since April

Azerbaijan started supplying natural gas to Hungary in April 2024. We have a contract with Hungary for supply of 100 million cu m.

UK buys record volumes of Russian oil

The UK continues to purchase Russian oil on a large scale, using the existing legislative loophole to circumvent sanctions.

Cost of oil goes up, and Brent is at $88.17 a barrel

Prices for oil of benchmark grades are increasing in Thursday’s trading after a drop in the previous session.

Oil price is stable, and Brent is at $88.51 per barrel

Prices for oil of benchmark grades are rising slightly in morning trading on Wednesday after rising following the last session.

Over 7 bn kWh of electricity generated in Azerbaijan for 1st quarter

In the 1st quarter of this year, electricity production was 7.129 bn kWh, with exports accounting for 360.3 million kWh, and imports for 44.3 million kWh.

Cost of oil goes up, Brent is at $87.36 a barrel

Prices for oil of benchmark grades in Tuesday’s trading after decline in the previous session.

Rules for use of electricity changed

The rules for the use of electricity have changed.

Oil production from Deepwater Gunashli platform

About 640 million barrels of oil have been produced from Deepwater Guneshli platform at Azeri-Chirag-Guneshli (ACG) field block since the start of commissioning.

Price for oil goes down, and Brent is at $86.45 a barrel

Prices for oil of benchmark grades are falling in Monday’s trading after a rise following the past week.

SOFAZ unveils data on its assets

Value of oil goes up, and Brent is at $89.05 a barrel

Prices for oil of benchmark grades are increasing in Friday’s trading after the Israeli attack on Iranian Isfahan.

Portugal increased purchases of crude oil from Azerbaijan by 83%

In the 1st quarter of 2024, Portugal significantly increased purchases of crude oil from Azerbaijan compared with Q1 of 2023.

Azerbaijan increased natural gas imports from Turkmenistan 2.4-fold