Goldman Sachs predicts growth of oil price

Analysts of American investment bank Goldman Sachs expect a record increase in oil consumption in the 2nd half of 2023

Oil price goes down, and Brent is at $80.86 a barrel

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

Value of oil grows, and Brent is at $80.30 a barrel

Prices for oil of benchmark grades are increasing in Friday’s trading and end the week in growth.

Masdar starts selling bonds for doing business in Azerbaijan

Oil reserves on territory of Central Asian states exceed 30 bn tons

There are more than 30 bn tons of proven oil reserves and more than 20 trillion cu m of gas on the territory of the Central Asian states.

Oil price is stable, and Brent is at $79.45 a barrel

Prices for oil of benchmark grades are stable in Thursday’s trading after a slight decline the day before.

New management appointed at Heydar Aliyev Oil Refinery

Gas supply to two regions of Azerbaijan suspended

Gas supply to Sabunchi district of Baku and Balakan district has been suspended.

Oil gets cheaper, and Brent is at $79.46 a barrel

Prices for oil of benchmark grades are decreasing in Wednesday’s trading after growth at the end of the previous session.

Production of motor gasoline in Azerbaijan has increased

Azerbaijan has manufactured 700,600 tons of motor gasoline for Jan-Jun 2023, ABC.AZ reports with reference to the State Statistics Committee.

Russia to cut oil exports by 2.1 million tons in 3rd quarter

Russia is reducing its export schedule for August as part of voluntary reduction in oil exports, ABC.AZ reports with reference to the Russian Ministry of Energy.

BP and Azerbaijan's SOCAR make bid for Israeli offshore gas

BP (BP.L) and Azerbaijan's national oil company SOCAR have taken part for the first time in an Israeli licencing round for natural gas exploration, the latest sign of growing international interest in the Eastern Mediterranean basin.

Oil price goes up, and Brent is at $78.70 a barrel

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

Gasoline in Türkiye has risen in price by 20%

On the night of July 16, the prices of gasoline and diesel fuel in Türkiye increased by 20%

Value of oil drops, and Brent is at $79.10 a barrel

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

Azerbaijan unveils data on petroleum product export for Jan-Jun

Azerbaijan exported 533,963.83 tons of petroleum products for $315.979 million in the first half of 2023.

Production of petroleum products grew by 32%

Azerbaijan manufactured petroleum products for AZN 2.248 bn for Jan-Jun 2023.

Oil price is stable, and Brent is at $81.36 a barrel

Prices for oil of benchmark grades are stable in Friday’s trading after a rise following the previous session.

Gasoline production in Azerbaijan grew by 39%

Our country manufactured petroleum products for AZN 2.248 bn for Jan-Jun 2023 (a rise of 23% year-on-year).

Azerbaijan sees growth in electricity production

In the first half of 2023, total electricity production in the Republic of Azerbaijan made up 13.907 bn kWh, up 2.8% from the previous year.

Oil keeps on rising in price, and Brent is at $80.39 a barrel

Prices for oil of benchmark grades are growing in Thursday’s trading after a rise in the previous session, caused by a fall in the dollar.