Oil and gas demand to exceed pre-pandemic levels

The recovery in demand for oil and gas will continue in 2022, and will exceed pre-pandemic levels by the end of the year

Oil rises in cost, and Brent is at $82.55 a barrel

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

Income from ACG and Shah Deniz fields declared

The earnings on Azeri-Chirag-Guneshli (ACG) and Shah Deniz have been announced.

Switzerland creates a special system to replace traditional fuel

Specialists of the Zurich-based Technology (ETH Zurich) have created a special system that produces fuel using the energy of water, air and the sun

Oil reserves in the U.S. lowered

Commercial oil reserves in the U.S. decreased by 2.14 million barrels last week.

Oil drops in value, and Brent is at $79.73 a barrel

Prices for oil of standard grades are decreasing in Thursday’s trading after a rise following the previous trading

SOCAR about gas carriages from Turkmenistan

Azerbaijan starts exporting gas from Turkmenistan through Iran

Since 3 January we have started receiving 4.5 million cu m of gas per day as part of gas exchange Turkmenistan, Iran and Azerbaijan

Number of gas meters reset to date published

Oil falls in value, and Brent is at $79.85 a barrel

Prices for oil of standard grades are decreasing in Wednesday’s trading  after a jump the day before.

Azerbaijan’s gas exports grew by 40% over Jan-Nov

Over Jan-Nov 2021 Azerbaijan exported 16.9 bn cu m of gas (39.8% more versus Jan-Nov 2020)

Azerbaijan extracted 39.7 bn cu m of gas for past 11 months

Azerbaijan produced 39.7 bn cu m of natural gas over Jan-Nov 2021.

Oil reserves in U.S. lower more than by 3 million barrels for a week

Oil reserves intended for sale in the U.S. decreased by 3.576 million barrels over the past week

Cost of oil grows, and Brent is at $79.37 a barrel

Prices for oil of standard grades are rising in Thursday’s trading

Prices for oil keep on growing, and Brent is at $79.10 a barrel

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

1,000 cu m of gas sold for $1,200 in Europe

Yesterday, at the close of trading, the price of gas in Europe was set at $1,200 per 1,000 cu m.

Oil soars after launch of negotiations with Iran

Oil jumped in cost sharply on Monday evening after the start of the eighth round of negotiations on the Iranian nuclear program in Vienna.

Petkim postpones purchase of a stake in SOCAR until end of 2022

Some time ago, it was reported that Petkim will receive an equity stake in SOCAR.

Oil grows in value, and Brent is at $78.68 a barrel

Prices for oil of standard grades are rising in Tuesday’s trading after a sharp rise the day before

Brent crude rises and WTI falls in value

The price of Brent crude is increasing and WTI declining in Monday’s trading. The WTI trading was not held on Friday due to the holiday in the U.S.

Forecast: A barrel of oil may remain at $75 in 2022

The price of oil in 2022 may remain at current levels, as $75 per barrel is a fairly stable value.