Gazprom to sell gas to China for rubles

Gas prices in Europe observe growth again

The change of the price for 1,000 cu m of gas in Europe was recorded at the closing of last day’s trading.

OPEC+ countries intend to cut oil production by 100,000 barrels

During today's meeting the OPEC+ ministers will discuss, among other options, the possibility of reducing daily oil production by 100,000 barrels.

Talks on Kazakh oil transportation underway with Azerbaijan

Azerbaijani President: We need more reforms

With respect to the diversification, of course, no matter how we try to diversify our exports, our non-oil and non-gas exports will not match oil and gas exports, because oil and gas exports are growing.

Cost of oil grows, and Brent is at $94.94 a barrel

Prices for oil of benchmark grades are increasing in Monday's trading.

Azerigaz to demand accumulated debts from IDPs

Ilham Aliyev: Azerbaijan to supply gas to 3 Balkan countries on IAP

After the start of the Ukrainian-Russian war, the issue of natural gas became one of the main issues on Europe's agenda.

President: We already officially start dialogue in energy sector with EU

Of course, close cooperation and coordination is necessary to meet the growing demand for energy.

Ilham Aliyev: We plan to double natural gas export to Europe

Gazprom has reduced natural gas exports

Russian energy company Gazprom hs declared that its natural gas exports for the past 8 months of the year decreased by 37.4% against Jan-Aug 2021.

Oil price grows, and Brent is at $94.16 a barrel

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

Turkey-based SOCAR plant increases oil imports

Over Jan-Jun 2022 oil refinery Star Rafineri imported more than 5.42 bn tons of oil.

Restriction to be imposed on Russian oil

Oil gets cheaper, and Brent is at $95.18 a barrel

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

Who will manage the SOCAR plants?

The Azerbaijan State Oil Company (SOCAR) aims to increase competitiveness in foreign markets.

Serbia plans to purchase gas from Azerbaijan

Serbian President Aleksandar Vucic said that his country is looking for an alternative to Russian fuel.

EU countries could have high energy bills during next few winters

US strategic oil reserves drop sharply

US strategic oil reserves fell by 3.1 million barrels over the week, ABC.AZ reports citing the US Department of Energy.

EU to hold extraordinary meeting of energy ministers

An extraordinary meeting of EU energy ministers will be held.

Oil drops after previous growth, Brent traded at $104.29 per barrel

Benchmark oil prices are declining in trading on Tuesday after sharp rise the day before.