Azerbaijan reports about increase of gas exports

The declared gas exports from Azerbaijan totaled 13.2 bn bn cu m for Jan-Aug 2021

Oil rises in value, and Brent is at $75.63 a barrel

Prices for oil of standard grades keep on growing in Thursday’s trading after the rise the day before – Brent jumped by 2.5% and WTI by 3%

Ilham Aliyev took part in opening of substation Buzovna-1

President Ilham Aliyev has taken part in the opening of the 110/35/10 KV substation Buzovna-1 in Khazar district of Baku

SOCAR's statement about increase of prices for petrol

The rise in the price of fuel Super Euro-98 and Premium Euro-95 in Azerbaijan is linked with an increase in prices in the country from where these fuels are imported

Oil gets more expensive, and Brent is at $74.07 a barrel

Prices for oil of standard grades are growing in Wednesday’s trading.

Date of start of production at Dostluq field announced

Oil prices keep on growing, and Brent is at $74.09 a barrel

Prices for oil of standard grades continue their growth in Tuesday's trading due to OPEC's forecast about increase of demand in 2022

One more forecast from OPEC on Azerbaijan

The Organization of the Petroleum Exporting Countries (OPEC) has not changed the forecast for the average daily production of oil and other liquid hydrocarbons in Azerbaijan for 2021-22.

SOCAR to start transporting Turkmen oil

SOCAR and Vitol agreed to supply Turkmen oil via pipeline Baku-Tbilisi-Ceyhan from October.

Oil gets more expensive, and Brent is at $73.17 a barrel

Prices for oil of standard grades are growing in Monday’s trading

Azerbaijan met its obligations within OPEC+ deal for August

In August 2021 the average daily oil production in Azerbaijan amounted to 711,600 barrels – 596,100 barrels of crude oil and 115,500 barrels of condensate

China to sell oil from strategic reserves first time

For the first time China will sell oil from national reserves.

Oil gets more expensive, and Brent is at $72.11 a barrel

Prices for oil of standard grades are increasing in Friday’s trading after falling at the end of the last session

Gas has grown in price in Europe again

In the course of today's trading the price of natural gas in Europe has increased even more

SOFAZ's assets may fall to $38 bn next year

According to Finance Ministry’s forecast of Finance, in the baseline scenario the volume of assets of the State Oil Fund of Azerbaijan will amount to $41.1 bn next year

Oil changes slightly in value, and Brent is at $72.64 a barrel

Prices for oil of standard grades are changing weakly and in different directions in Thursday’s trading after the rise following the previous session

Canada’s Enbridge bought the largest oil terminal of U.S.

The Ingleside Energy Center, the largest crude oil terminal in the United States and North America as a whole, has been sold

Oil gets more expensive, and Brent is at $71.97 a barrel

Prices for oil of standard grades are increasing in Wednesday’s auction

Over past 8 months Azerbaijan's exports to non-oil sector grew more than by 37%

According to September’s issue of the Export Review, for the past 8 months of 2021 Azerbaijan's exports amounted to $13 bn and the non–oil sector - $1.6 bn.

Vagit Alekperov: Oil prices above $100 may bring down the market

An increase in oil prices above $100 a barrel can lead to a "collapse" of the market

Oil changes in different directions, and Brent is at $72.46 a barrel

Oil prices are changing in different directions in Tuesday’s trading