Russia to cut oil exports by 2.1 million tons in 3rd quarter

Russia is reducing its export schedule for August as part of voluntary reduction in oil exports, ABC.AZ reports with reference to the Russian Ministry of Energy.

BP and Azerbaijan's SOCAR make bid for Israeli offshore gas

BP (BP.L) and Azerbaijan's national oil company SOCAR have taken part for the first time in an Israeli licencing round for natural gas exploration, the latest sign of growing international interest in the Eastern Mediterranean basin.

Oil price goes up, and Brent is at $78.70 a barrel

Prices for oil of benchmark grades are increasing in Tuesday’s trading after a drop at the end of the previous session.

Gasoline in Türkiye has risen in price by 20%

On the night of July 16, the prices of gasoline and diesel fuel in Türkiye increased by 20%

Value of oil drops, and Brent is at $79.10 a barrel

Prices for oil of benchmark grades are declining in Monday’s trading after rising last week.

Azerbaijan unveils data on petroleum product export for Jan-Jun

Azerbaijan exported 533,963.83 tons of petroleum products for $315.979 million in the first half of 2023.

Production of petroleum products grew by 32%

Azerbaijan manufactured petroleum products for AZN 2.248 bn for Jan-Jun 2023.

Oil price is stable, and Brent is at $81.36 a barrel

Prices for oil of benchmark grades are stable in Friday’s trading after a rise following the previous session.

Gasoline production in Azerbaijan grew by 39%

Our country manufactured petroleum products for AZN 2.248 bn for Jan-Jun 2023 (a rise of 23% year-on-year).

Azerbaijan sees growth in electricity production

In the first half of 2023, total electricity production in the Republic of Azerbaijan made up 13.907 bn kWh, up 2.8% from the previous year.

Oil keeps on rising in price, and Brent is at $80.39 a barrel

Prices for oil of benchmark grades are growing in Thursday’s trading after a rise in the previous session, caused by a fall in the dollar.

Consumers spent about $870 million for past 6 months to buy gasoline and diesel fuel

Gasoline and diesel may rise in price in Azerbaijan

Azerbaijan increased gas export by 7.5%

Azerbaijan exported 12 bcm of gas for Jan-Jun 2023 (7.5% more than a year ago).

Oil price goes up, and Brent is at $79.47 a barrel

Prices for oil of benchmark grades are increasing weakly in Wednesday’s trading after a rise following the previous session.

Oil price goes up, and Brent is at $78.12 a barrel

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

When will Azerbaijan start exporting gas to Hungary?

French company starts gas production in Absheron field in Azerbaijan

TotalEnergies and its partner SOCAR announce the start of production of the first phase of development of the Absheron gas and condensate field in the Caspian Sea, around 100 km south-east of Baku.

Oil price goes down, and Brent is at $78.03 a barrel

Prices for oil of benchmark grades are decreasing in Monday’s trading after a rise following the last week.

Ilham Aliyev: Feasibility study of gasification of Albania to be ready by end of 2023

The project of gasification of Albania goes according to the schedule.

President: We expect more EU member countries to start receiving natural gas from Azerbaijan