EU explores possibility of introducing price ceiling on oil from Russia

The EU, in coordination with G7, is considering the possibility of introducing the price ceiling on Russian oil at $65-70 per barrel.

Cost of oil drops, and Brent is at $88.22 a barrel

Prices for oil of benchmark grades are decreasing in Wednesday’s trading after a rise in the previous session.

Kazakhstan to supply 1.5 million tons of oil via BTC

Kazakhstan is conducting work with the purpose to determine the oil producing company to transport Kazakh oil through the territory of Azerbaijan starting from 2023.

Oil gets more expensive, and Brent is at $87.83 a barrel

Prices for oil of benchmark grades are rising in Tuesday’s trading after a weak decline the day before.

Oil price falls, and Brent is at $86.71 a barrel

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

Russia resumes gas supplies to Azerbaijan, suspended since 2019

Russian company Gazprom resumed gas supplies (exports) to Azerbaijan in accord with a new agreement with SOCAR

Cost of oil rises, and Brent is at $90.42 a barrel

Prices for oil of benchmark grades are increasing in Friday’s trading after strong fall at the end of the previous session.

President has made changes in SOCAR Supervisory Board

Zahid Oruj: Management of Fuzuli and Zangilan airports should not be transferred to AZAL

MP Zahid Oruj spoke about AZAL's debt to the state.

Aghdam-Khankendi gas pipeline to be built

Azerbaijan will construct gas pipeline Aghdam-Khankendi.

Oil drops in cost, and Brent is at $91.78 a barrel

Prices for oil benchmark grades are falling in Thursday’s trading after decline in the previous session.

These power plants generated most of all electricity in Azerbaijan

In October 2022, Azerbaijan generated 2.238 bn kWh of electricity.

Electricity generation in Azerbaijan grew by 3.8%

Production of motor oils has increased in Azerbaijan

For Jan-Sept the volume of motor oils produced in Azerbaijan has increased much.

Value of oil falls, and Brent is at $93.21 a barrel

Prices for oil of benchmark grades are declining in Wednesday’s trading after rising at the end of the last session.

Ilham Aliyev: We have rich gas reserves

President Aliyev: Azerbaijani gas contributes to Europe's energy security

Today, Azerbaijani gas contributes to Europe's energy security.

7 boiler houses with capacity of 8,110 kWh built in Shusha

Oil gets cheaper, and Brent is at $92.85 a barrel

Prices for oil of benchmark grades are declining in Tuesday’s trading, falling the day before because of deterioration of OPEC's forecast on oil demand.

China to benefit from application of ceiling of prices for Russian oil

U.S. Treasury Secretary Janet Yellen made a statement about China.

Heat supply to apartments begins from tomorrow