The largest decline in oil prices occurred yesterday for last 30 years

On 9 March the sharpest decline in oil prices over the past 30 years was recorded at world exchanges

In February Azerbaijan produced 750,600 bpd daily

Fatih Birol: Low oil price not to last forever

The decline in oil prices will continue and that will create a big problem for exporting countries

Global demand for oil to decline this year

The monthly oil market report of the International Energy Agency forecasts about the decrease of the daily oil demand by 730,000 barrels this year

Oil prices go up after a record drop the day before

Oil prices are rising on Tuesday after a strong fall on Monday, Brent futures increased by 8% in trading

Iran`s Oil Minister: If Russia doesn`t cut oil production, no agreement to be reached

If official Moscow does not apply restrictions on oil production, there will be no agreement

SOCAR continues gasification in Georgia

As part of SOCAR`s gasification work in Georgia, more than 10,000 gas consumers get access to natural gas every year

Oil price keeps on falling, Brent is traded below $50 per barrel

Prices for oil continue declining after a day earlier they ended trading at the lowest level for more than two years

OPEC states agree to cut oil production by 1.5 million barrels

At the 178th meeting of the OPEC Council of Ministers in Vienna the cartel member countries agreed to reduce oil production by 1.5 million barrels

8th OPEC+ Ministerial Meeting to be held tomorrow

The 8th meeting of the ministers of OPEC and non-OPEC countries is to be held in Vienna, and participation of Azerbaijani Energy Minister Parviz Shahbazov is expected in it

Oil rises in price after falling a day earlier

Prices for oil of standard grades are rising during the trading on Thursday after decline the day before

Useful comment about oil price by economist Samir Aliyev

The opinion that the Azerbaijani economy is immune to limiting oil below $30 per barrel reminded me of the government`s behavior in 2015

Vugar Bayramov: If spread of coronavirus increases, oil price to fall even lower

The OPEC countries will gather for a meeting in Vienna in a few days to discuss the question of oil production cuts

AZN 8.19 million financed to Azerbaijan`s Oil Company

Azerbaijani president Ilham Aliyev has signed a decree on additional measures concerning the gasification of settlements in the Agstafa, Gedabey, Shamkir and Tovuz districts of the country

Oil prices rise, Azerbaijani oil has grown by 1.6%

Prices for oil of standard grades are increasing in the course of trading on Wednesday

PROKON launched a new office in Ankara, Turkey.

PROKON launched a new office in Ankara, Turkey in February, 2020. The office is located in Sogutozu, business district of Ankara.

OPEC+ oil production expected to fall by another 750,000 barrels

Crude oil production of OPEC and non-OPEC+ cartel countries is expected to decrease by another 750,000 bpd

AZN 9 million allocated to State Oil Company

On 2 March, Azerbaijani President Ilham Aliyev signed an order on additional measures for gasification of the populated localities of the Ganja, Dashkesan, Goygol and Samukh districts

Oil prices rise, Azeri Light has grown by 3.44%

Prices for oil of standard grades continue to rise during trading on Tuesday, after their rising on Monday

An interesting forecast from experts regarding cheapening oil

Expert economist Rovshan Agayev calculated the minimum favorable oil price for the State Budget and the balance of payments in 2020.

Some types of fuel are exempt from customs duties – Cabinet`s decision

Fuel TC-1 for jet engines is exempt from import customs duties