China to sell oil from strategic reserves first time

For the first time China will sell oil from national reserves.

Oil gets more expensive, and Brent is at $72.11 a barrel

Prices for oil of standard grades are increasing in Friday’s trading after falling at the end of the last session

Gas has grown in price in Europe again

In the course of today's trading the price of natural gas in Europe has increased even more

SOFAZ's assets may fall to $38 bn next year

According to Finance Ministry’s forecast of Finance, in the baseline scenario the volume of assets of the State Oil Fund of Azerbaijan will amount to $41.1 bn next year

Oil changes slightly in value, and Brent is at $72.64 a barrel

Prices for oil of standard grades are changing weakly and in different directions in Thursday’s trading after the rise following the previous session

Canada’s Enbridge bought the largest oil terminal of U.S.

The Ingleside Energy Center, the largest crude oil terminal in the United States and North America as a whole, has been sold

Oil gets more expensive, and Brent is at $71.97 a barrel

Prices for oil of standard grades are increasing in Wednesday’s auction

Over past 8 months Azerbaijan's exports to non-oil sector grew more than by 37%

According to September’s issue of the Export Review, for the past 8 months of 2021 Azerbaijan's exports amounted to $13 bn and the non–oil sector - $1.6 bn.

Vagit Alekperov: Oil prices above $100 may bring down the market

An increase in oil prices above $100 a barrel can lead to a "collapse" of the market

Oil changes in different directions, and Brent is at $72.46 a barrel

Oil prices are changing in different directions in Tuesday’s trading

Gas prices in Europe have grown up to $654

The price of gas on the European futures market on Wednesday reached a new historical high, exceeding $650 per 1,000 cu m.

SOFAZ discloses income from Shah Deniz field

The State Oil Fund of Azerbaijan has published its earnings as of 1 September 2021.

Saudi Arabia to lower oil prices in October

In October, Saudi Arabia will lower prices for all types of oil for buyers from Asia and the Mediterranean countries

Oil gets cheaper, and Brent is $71.72 a barrel

Prices for oil of standard grades are declining in Monday’s trading amid signals about deterioration of the prospects for global demand because of a new wave of COVID-19 in the world

Oil rises in cost, and Brent is at $73.63 per barrel

Benchmark oil prices are growing at the auction on Friday

SOCAR increased its stake in a subsidiary in Turkey

The Turkey-based subsidiary of the State Oil Company of Azerbaijan has increased its stake in SOCAR Turkey Energy A.S. from 87% up to 100%

Pessimistic forecast: Russia's energy exports to decline sharply

According to Sberbank's forecast, Russia's energy exports as a result of the energy transition may decrease by $179 billion by 2035

Oil gets cheaper, and Brent is at $72.97 a barrel

Prices for oil of standard grades are declining in Friday’s trading after their growth more than by 2% at the end of the last session.

Oil gets cheaper, and Brent is at $71.35 a barrel

Prices are declining in Thursday’s trading after OPEC+’s decision to keep an increase in oil production

Gas prices in Europe increased by 3%

After the increase in gas prices in Europe, $625 is offered for 1,000 cu m of gas

Oil rises in value, and Brent is at $72.13 a barrel

Prices for oil of standard grades are growing in Wednesday’s trading after fall the day before