Tariff Council’s decision increases price of natural gas

The Tariff (Price) Council has held a regular meeting on 30 June 2021

Energy Ministry held a meeting with Gazprombank’s delegation

Azerbaijani Energy Minister Parviz Shahbazov received a delegation led by First Vice-President of Gazprombank, head of the Capital Markets unit Denis Shulakov in a videoconference format

Oil rises in cost amid data about decline in inventories, and Brent is at $75.11 a barrel

Oil prices are increasing in Wednesday’s trading amid the data about decline of inventories in the U.S.

OPEC+ expects to maintain deficit in oil market

OPEC+ expects the oil shortage on the market to continue in 2021, if production remains at the current level

Oil gets cheaper, and Brent is at $74.48 a barrel

Prices for oil of standard grades continue declining in Tuesday’s trading after their fall in the previous trading

SOCAR-Petrofac signs a contract with BP for $25 million

Russia has increased natural gas extraction more than by 13%

Natural gas extraction in Russia for the first 5 months of 2021 increased by 13.2% (versus the same term of 2020) and reached 286 bn cu m

Oil goes up in cost, and Brent is at $75.29 a barrel

Prices for oil of standard grades are growing in Thursday’s amid the data about decline in energy stocks in the U.S. and China

Azerbaijan increases natural gas export to Greece more than by 12 times

Over Jan-May 2021 Azerbaijan exported 1.372 bn cu m of natural gas for $288.59 million to the European Union

Oil rises in value, and Brent is at $75.29 a barrel

Prices for oil of standard grades are increasing in Wednesday’s trading after a slight decline following the results of the previous trading

President orders on money for energy supply of border protection system in Kelbajar district

Oil grows in value, and Brent is at $75.09 a barrel

For the first time for two years Brent is traded above $75 a barrel amid the concerns that the supply in the oil market will not be able to meet rising demand

Oil has grown in price, and Brent is at $73.68 a barrel

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

SOCAR Methanol resumes production of methanol

SOCAR-run SOCAR Methanol LLC has resumed production of methanol in May after capital repairs

Oil keeps on falling, and Brent is at $72.54 a barrel

Prices for oil of standard grades continue to decline in Friday’s trading after significant decrease the day before

Erdogan: TANAP and TAP give a big boost to Europe's economic development

Installation of equipment for charging electric vehicles begins at gas station

The installation of equipment for charging electric vehicles has begun at SOCAR gas stations

Oil falls in price, and Brent is at $74.17 a barrel

Prices for oil of standard grades are declining in Thursday’s trading, despite the data of the U.S. Department of Energy about the decline in energy reserves in the country

Gas exports from Azerbaijan increased

Over Jan-May 2021 Azerbaijan exported 9.174 bn cu m of natural gas for $1.335 bn

Oil grows in cost, and Brent is at $74.60 a barrel

Oil prices are rising in Wednesday’s trading amid the data from the American Petroleum Institute (API) about a significant decline in U.S.’ inventories last week

Have natural gas prices increased?