Why did oil prices rise? - Cause

Oil prices keep on their three-day rise, bolstered by gains in the broader financial markets and ongoing risks in the Middle East.

Oil price goes up, and Brent is at $79.43 a barrel

Prices for oil of benchmark grades are rising in Thursday's trading.

Last year, BP's profit lowered by 50%

In 2023, BP's profit amounted to $13.8 billion.

Production and export of lubricants grows in Azerbaijan

Oil price goes up, and Brent is at $78.17 a barrel

Prices for oil of benchmark grades are increasing in Tuesday's trading.

Oil price goes up, and Brent is at $77.68 a barrel

Prices for oil of benchmark grades are rising in Monday’s trading after last week’s drop.

In 2023, natural gas production grew by 3.8%

Azerbaijan produced 48.496 bcm in 2023.

Limit of annual electricity consumption for free consumers set

The Cabinet Ministers has set a limit on annual electricity consumption for free consumers.

Oil price goes up, and Brent is at $79.03 a barrel

Prices for oil of benchmark grades are increasing in Friday’s trading after a drop the day before.

Electricity supply to one district of Baku to cost 13 million manats

Azerishig OJSC has signed a contract with Smart Energy Services LLC for 13 million manats.

Period of tax relief for jet fuel imported in Azerbaijan extended

Oil price goes up, and Brent is at $80.84 a barrel

Prices for oil of benchmark grades are increasing rising in Thursday’s trading after a drop the day before.

Oil price goes down, and Brent is at $82.19 a barrel

Prices for oil of benchmark grades are falling in Wednesday's trading.

Oil price goes up, and Brent is at $82.09 a barrel

Prices for oil of benchmark grades are increasing in Tuesday’s trading after a drop the day before.

Italy's spending on Azerbaijani gas has increased

Italy's spending on Azerbaijani gas has increased significantly, reaching €619.2 million in November 2023, compared with €364.2 million in October.

Oil price goes up, and Brent is at $83.44 a barrel

Prices for oil of benchmark grades are increasing in Monday’s trading after last week’s rise.

Georgia reduced gas imports from Azerbaijan in 2023

In 2023, Georgia imported 2.254 million tons of natural gas (about 2.9 bcm), which is 0.2% less than in 2022.

Oil price goes down, and Brent is at $82.18 a barrel

Prices for oil of benchmark grades are declining in Friday’s trading after a 3% rise in the previous session.

Oil price goes up, and Brent is at $80.38 a barrel

Prices for oil of benchmark grades are rising in Thursday's trading.

Oil prices goes down, and Brent is at $79.44 a barrel

Prices for oil of benchmark grades keep on falling in Wednesday’s trading after a drop the day before.

bp launches its largest seismic research program in ACG

Starting from January 20, 2024, bp launched a 4D seismic exploration program at the Azeri-Chirag-Guneshli (ACG) field block in the Azerbaijani sector of the Caspian Sea.