Prices for oil keep on falling, and Brent is at $83.99 per barrel

Prices for oil of standard grades continue decline in Friday’s trading

Azerishig builds 5 transformer substations in Shusha

Work on the construction of the main power supply of the city of Shusha in the most modern form continues at a rapid pace

Oil falls in value, and Brent is at $85.68 a barrel

Prices for oil of standard grades are falling in Thursday’s trading after an increase in the previous trading amid the data about fuel reserves in the U.S.

IMF has published forecast of break-even oil price for Azerbaijan

The fiscal "break-even" oil price for Azerbaijan will be $76.4 per barrel in 2021

Oil gets cheaper, and Brent is at $84.67 a barrel

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

Oil grows in price, and Brent is at $84.77 a barrel

Prices for oil of standard grades are rising in Tuesday’s trading.

Oil prices continue growing, and Brent is at $85.50 per barrel

Prices for oil of standard grades are increasing in Monday’s trading after a significant increase following the past week

Azerbaijan and Turkey sign gas supply agreement

A gas supply agreement has been signed between Azerbaijan and Turkey.

Oil has grown in value, and Brent is at $84.85 a barrel

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

Energy Minister: Azerbaijani government satisfied with current oil price

The current oil prices satisfy Azerbaijan, but their stability is a priority.

Azerbaijan and Russia discuss joint energy projects

Azerbaijan and Russian company Lukoil discussed projects in the field of alternative energy.

Oil grows in price, and Brent is at $83.93 a barrel

Prices for oil of standard grades are increasing in Thursday’s trading, after decline the day before

Forecast: OPEC lowers its estimate of oil demand growth

OPEC has lowered its forecast on the growth of oil demand in the world for 2021. The forecast on oil demand growth is no longer 6 million b/d, but 5.8 million b/d.

Forecast: Oil may fall in price to $24 by 2050

The global policy of carbon neutrality may lead to reduction in oil prices to $36 per barrel by 2030 and to $24 by 2050.

Oil falls in cost, and Brent is at $83.22 a barrel

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

Oil prices rise, and Brent is at $83.95 a barrel

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

Oil rises in price, and Brent is at $83.77 per barrel

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

Oil gets more expensive, and Brent is at $82.85 per barrel

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

First oil production at this field to be carried out in 2025

The first oil production at the Karabakh field will begin in 2025

SOCAR declares prime cost of oil production

The prime cost of production of a ton of oil in 2020 amounted to 118.85 manats

Moody’s increases oil price forecast in 2022

Moody’s Investors Service has increased its medium-term oil price range for 2022 to $50-70/barrel.