Oil prices drop, Brent is traded at $21 per barrel

Oil is getting cheaper because of concerns about an oversupply that could lead to the exhaustion of storage capacity and cause a new collapse of prices for futures

President took part in opening of a gas pipeline to Khizi

President Ilham Aliyev has taken part in the ceremony of opening of the social project

Oil prices grow, and Brent is traded at $22.3 per barrel

June`s WTI contracts increased by 19.7% and Brent futures by 4.7% on Thursday

Oil prices rise, Brent is traded at $22 a barrel

Prices of futures for oil continue their rise on Thursday by 10%, after growth the day before

Azerbaijan offers OPEC+ states to undertake commitments

Azerbaijan`s Energy Minister Parviz Shahbazov suggested other oil producers to undertake obligations.

Azerbaijani oil has decreased in price

The price of a barrel of Azerbaijani oil has declined more than by $5

Oil falls in price, Brent is traded below $17 a barrel

The oil market keeps on declining on Wednesday amid the falling demand and a shortage of available storage tanks for raw materials

Azerbaijan resumes production of isopropyl alcohol and to export it abroad also

The Ethylene-Polyethylene Plant of Azerikimya, Azerbaijan State Oil Company (SOCAR) has resumed production of isopropyl alcohol, the main raw material of disinfectants

Donald Trump is confident that oil will rise in price

Commenting on the occasion of oil prices, US President Donald Trump said that this is a short-term phenomenon

Price of WTI oil drops to negative level first time in history

May`s WTI futures ended the latest trading at minus $37.63 per barrel, down 306%, amid traders` concerns about overcrowded oil storage facilities in the face of record-low global demand

President: Azerbaijan`s potential for renewable energy sources is great

Azerenerji has plans, and I believe that as a result of a consistent policy, all these plans will be put into reality

President: Our energy potential must match the growing economic growth

We`ve created a very modern energy system, and today sustainable energy supply is provided throughout the country

Price of a barrel of Light oil fell to $12

The price of a barrel of Light crude oil has fallen to $12

At what stage is TAP gas pipe project? - Statement

Azerbaijan has completed 94.1% of the works, including engineering, supply and construction works, on the TAP gas pipeline project, which will deliver natural gas to Europe

Vugar Bayramov: Amid falling demand for oil, supply for it exceeds demand by 10 million barrels

As it was forecasted previously, there will be no increase in oil prices on the world market

President Ilham Aliyev opens Azerenerji lab complex

President Ilham Aliyev has taken part in the opening of another facility in Baku

Oil price slump continues - WTI falls below $15, while Brent traded at $27.60 per barrel

May`s WTI crude futures, having dropped more than by 20%, has decreased below $15 a barrel on Monday for the first time since 1999

How much oil was carried via Azerbaijan`s pipelines?

Over Jan-Mar 2020 it was transported 9.506 million tons of oil by main oil pipelines in Azerbaijan

Azerbaijan increased gas transportation via these pipelines

In the 1st quarter of 2020 the main gas pipelines transported 8.696 bn cu m of natural gas to Azerbaijan that is by 11.7% more versus the 2019 same term

SOCAR Georgia Gas cuts prices for this gas in Georgia

SOCAR Georgia Gas has reduced consumer gas prices by 10 tetri for bakeries and bread-production plants in Georgia

Oil prices change in different directions, Brent rose up to $28.22 a barrel

Oil prices are changing in different directions in Friday`s trading