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

Oil prices change in different directions after falling the day before

Prices for oil of standard grades are changing slightly and in different directions on Thursday after a strong drop the day before, caused by the demand forecast from the International Energy Agency

Azerbaijan produced 9.3 million tons of oil and 10 bn cu m of gas this year

941 million cu m of natural gas sent to Turkey via TANAP this year

In the 1st quarter 941 million cu m of natural gas were delivered to Turkey via TANAP

Azerbaijan Energy Ministry announces volume of oil & gas production and export from Shah Deniz field

The indicators have been specified on oil & gas production and export on the Azeri-Chirag-Guneshli and Shah Deniz fields, which play an important role in the development of the oil and gas industry in Azerbaijan

Azerbaijan`s natural gas exports decreased - Report

The State Customs Committee announced that for the first 3 months of 2020 Azerbaijan received $3.78 bn in foreign currency for oil and gas sector products.

Customs Committee: Azerbaijan’s crude oil exports decreased

Over the first 3 months of 2020 Azerbaijan received foreign currency for $3.78 bn on goods that are part of the oil and gas sector

Oil prices grow after decline the day before

Prices for oil of standard grades increase on Wednesday after falling to the lowest in the last two weeks following the results of the previous trading.

Oil producers in Azerbaijan back a decision on production cuts

Oil producing companies operating in Azerbaijan support the country`s decision to reduce oil production within the framework of OPEC+ obligations

Another statement made about increased electricity limit

Increased electricity consumption limits will be calculated between April and May

MP: Final decision of OPEC+ format means the end of oil war

The decline in oil prices has conditioned the restoration of the OPEC+ format

Oil prices rise in today`s trading

Oil prices are rising on Tuesday as the market continues to evaluate the OPEC+ agreement on oil production cuts by record 9.7 million bpd between May and June

20 million barrels of oil less to be delivered to oil market

The Ministry of Energy has commented on the decision of the OPEC+ ministers

Energy Ministry: Steps taken in OPEC+ format aim to support the oil market

At the 10th OPEC+ Ministerial Meeting a historic agreement was reached for oil producers, consumers, and the global economy as a whole

Goldman Sachs: Decline in production not to prevent oil price from falling

The agreement on oil production cuts by the OPEC+ coalition contains very few restrictions in volume and was adopted too late to prevent a decline in the price of black gold in the coming weeks, reports Goldman Sachs, one of the leading investment banks in the U.S.

Oil prices rise after OPEC+ agreement on production cuts, Azerbaijan joins new deal

Oil prices have grown on Monday by 4-5%, after OPEC+ countries managed to come to an agreement on the reduction of global oil production by about 13%

Parviz Shahbazov: Every oil country must be united in order to stabilize the market

We`ll be able to cope with the existing global problem not separately, but in the context of global cooperation