Oil and gas condensate production increased in Azerbaijan 

Daily oil production by OPEC countries grew by 273,000 barrels

Total crude oil production in the 13 member countries of the Organization of Petroleum Exporting Countries (OPEC) increased by 273,000 b/d against September.

Oil price goes up, and Brent is at $86.64 a barrel

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

Production of diesel fuel grew by 20% in 9 months

Azerbaijan produced 1,734,200 tons of diesel fuel for Jan-Sept 2023.

Azerbaijan observed growth of 19% on motor gasoline production for Jan-Sept

Azerbaijan manufactured 1,079,900 tons of motor gasoline for the past 9 months.

Gas exports from Shah Deniz increased by 8% for Jan-Sept

The main gas pipelines in Azerbaijan carried 29.954 bcm of gas for Jan-Sept 2023 (growth of 5.1% against Jan-Sept 2022).

Natural gas extraction in Azerbaijan grew more than by 4%

Azerbaijan produced 35.9 bcm of natural gas for Jan-Sept 2023.

Gas in Europe fell by 6%

At the close of trading held the day before, the price of 1,000 cu m of gas in Europe declined below $512.

Oil price goes down, and Brent is at $85.55 a barrel

Prices for oil of benchmark grades continue falling in Thursday’s trading after a drop the day before.

SOCAR to develop its own standards

Oil price goes up, and Brent is at $87.85 a barrel

Prices for oil of benchmark grades are increasing in Wednesday’s trading after decline in the previous session.

Cost of oil goes down, and Brent is at $87.69 a barrel

Prices for oil of benchmark grades are declining in Tuesday’s trading after the rise the day before.

Azerbaijan enters in Top 5 among gas suppliers to Europe via pipelines

Following the 1st quarter of 2023, Azerbaijan entered Top 5 among gas suppliers to Europe via pipelines.

Oil price goes up, and Brent is at $87.49 a barrel

Prices for oil of benchmark grades are increasing in Monday’s trading after the decline following the past week.

SOFAZ unveils income on ACG and Shah Deniz

Price of a barrel of oil predicted to reach $100

Lukoil to give a loan to SOCAR

Russian oil company Lukoil is to give a loan of $1.5 billion to the State Oil Company (SOCAR).

Oil price goes up, and Brent is at $84.19 a barrel

Prices for oil of benchmark grades are increasing in Friday’s trading after decline the day before.

Oil prices rise after strong fall, and Brent is at $86.39 a barrel

Prices for oil of benchmark grades are increasing in Thursday’s trading after a serious drop the day before by 5.6%.

Belgium reveals world's first artificial energy island

Belgian startup Elia has presented Princess Elisabeth Island, a project on creation of the first artificial energy island in history.

Oil price is down, and Brent is at $90.80 a barrel

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