Oil declines in price

Cost of a barrel of Azerbaijani oil grade Azeri Light has dropped by $0.17

Private traders in Azerbaijan to be drawn to process of territorial use of alternative energy sources

The Ministry of Energy of Azerbaijan plans to complete drafting of the Law on Alternative Energy Sources next year

Cost of Azerbaijani oil has fallen

Cost of a barrel of Azerbaijani oil grade Azeri Light has dropped by $0.82

Russian Foreign Affairs Ministry comments on Qatar`s decision to withdraw from OPEC

Qatar`s decision to withdraw from OPEC will not affect the intensity of Russia`s cooperation with oil producing partner countries

OPEC cuts oil production by 11,000 bpd for November

Last month OPEC lowered oil production by 11,000 bpd to 32.965 million bpd

BP: Growth of production from Azeri–Chirag-Gunashli in 2019 not planned

Next year’s production from oilfield block Azeri-Chirag-Gunashli located in the Azerbaijani sector of the Caspian Sea is expected to be at the level of 2018

Price of Azerbaijani oil has risen

Cost of a barrel of Azerbaijani oil grade Azeri Light has grown by $0.49

OPEC increases its forecast on growth of oil supplies by countries out of cartel in 2018

OPEC predicts an increase in oil supplies by non-member countries in 2018 up to 60.03 million bpd that is by 170,000 bpd more versus the previous forecast

Azerbaijan has gasified another 25,430 apartments in new buildings

Azerbaijan’s national gas supplying operator Azerigaz continues gasification of new buildings

Azeri oil price has declined

Cost of Azerbaijani oil barrel Azeri LT CIF in the world market has decreased by $0.21

Azerbaijan increases daily oil production

The daily oil production in Azerbaijan for November reached 801,000 bpd

Prices for oil drop

Cost of a barrel of Azerbaijani oil grade Azeri Light has decreased by $1.81

Prices for oil rise

Cost of a barrel of Azerbaijani oil grade Azeri Light has grown by $4.30

Agricultural waste in Azerbaijan to be used as an alternative source of energy

Azerbaijan is likely to use a new type of alternative energy source

OPEC+ ministers can postpone signing of declaration on cooperation

A source in one of the delegations stated that the agenda of the OPEC+ meeting, which takes place in Vienna on 7 December, say only about "the intention to adopt the Declaration at a later date"

Iran disagrees even on symbolic cut in oil production within OPEC+

Iran will hardly agree even on a "symbolic" decline in oil production within OPEC+ and demands an exception for itself

Kazakhstan ready to cut oil production as part of OPEC+ deal

Kazakhstan is ready to reduce oil production within the OPEC+ deal and does not plan to ask for exceptions for itself on terms of reduced production

Russian Energy Minister: Russia sets to agree on oil production cuts

The OPEC+ ministers are discussing the possibility of oil production cuts in 2019 to avoid oversupply of crude

Russian leader discussed with energy minister course of talks OPEC+ on oil production cuts

Russian President Vladimir Putin discussed with Energy Minister Alexander Novak the questions relating to the ongoing Vienna negotiations on oil production cuts within the OPEC+ format

OPEC states not agreed on specific volumes of production cuts

Petroleum Minister Khalid al-Faleh of Saudi Arabia hopes that the decision on reduction of oil extraction will be made on 7 December

EU aims to achieve use of renewable sources for 1/3 of its energy consumption by 2030

By 2030 the EU will have to obtain 32% of energy from renewable sources and achieve the "main energy efficiency goal" of 32.5%