Value of oil drops following this week

Prices for oil of benchmark grades decreased following the previous trading.

Oil gets cheaper, and Brent is at $73.48 a barrel

Prices for oil of benchmark grades continue falling in Friday’s trading after a drop at the end of the previous session.

SOCAR and KazMunayGas sign Memorandum

Azerbaijan has gas reserves and plans to develop them

Azerbaijan has gas reserves and plans for the introduction of those reserves on stream which will be in line with targets established under the memorandum between Azerbaijan and the EU last summer.

Oil price goes down, and Brent is at $76.72 a barrel

Prices for oil of benchmark grades are declining in Thursday’s trading after rising at the end of the previous session.

State-owned company renamed in Azerbaijan

APK Sheki Hydro-Electric Power Plant LLC, owned by Azerbaijan Industrial Corporation, has been renamed for Sheki HPP LLC, ABC.AZ reports, referring to the company.

Price of oil goes up, and Brent is at $76.30 a barrel

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

Production of petroleum products in Azerbaijan increased by 29%

In January-May 2023, oil products worth 1759.4 million manats were produced in Azerbaijan.

Cost of oil falls, and Brent is at $75.85 a barrel

Prices for oil of benchmark grades are decreasing in Tuesday’s trading.

OPEC Secretary General arrives in Azerbaijan

Haitham al-Ghais, the Secretary General of the Organization of Petroleum Exporting Countries (OPEC), is on a visit to Azerbaijan.

Oil price goes down, and Brent is at $75.53 a barrel

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

Cost of oil goes down, and Brent is at $75.46 a barrel

Prices for oil of benchmark grades are declining in Friday’s trading after a rise the day earlier.

Shell to increase transfers in favor of shareholders up to 30-40%

How much electricity generated in Azerbaijan this year?

The total volume of electricity generated in Azerbaijan reached 11.886 bn kWh

Oil price goes up, and Brent is at $74.56 a barrel

Prices for oil of benchmark grades are rising in Wednesdays trading after growth of 3.4% at the end of the previous session.

Production of petroleum products grew by 25.4% over Jan-May

Azerbaijan increased gas export by 9.6% for past 5 months

Azerbaijani natural gas export increased by 9.6% for Jan-May.

Parviz Shahbazov: Natural gas production growth reaches 3%

According to operational data for Jan-May 2023, oil-condensate production was 12.7 million tons, and export was 10.6 million tons.

Cost of oil goes up, and Brent is at $72.30 a barrel

Prices for oil of benchmark grades are increasing in Tuesday’s trading after a strong fall following the previous session.

Goldman Sachs lowers its oil price forecast

For the third time in the last six months, Goldman Sachs has revised down its estimate of oil prices.

Oil price goes down, and Brent is at $73.89 a barrel

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