Azerbaijan increases daily oil production

The daily oil production in Azerbaijan for November reached 801,000 bpd

Prices for oil drop

Cost of a barrel of Azerbaijani oil grade Azeri Light has decreased by $1.81

Prices for oil rise

Cost of a barrel of Azerbaijani oil grade Azeri Light has grown by $4.30

Agricultural waste in Azerbaijan to be used as an alternative source of energy

Azerbaijan is likely to use a new type of alternative energy source

OPEC+ ministers can postpone signing of declaration on cooperation

A source in one of the delegations stated that the agenda of the OPEC+ meeting, which takes place in Vienna on 7 December, say only about "the intention to adopt the Declaration at a later date"

Iran disagrees even on symbolic cut in oil production within OPEC+

Iran will hardly agree even on a "symbolic" decline in oil production within OPEC+ and demands an exception for itself

Kazakhstan ready to cut oil production as part of OPEC+ deal

Kazakhstan is ready to reduce oil production within the OPEC+ deal and does not plan to ask for exceptions for itself on terms of reduced production

Russian Energy Minister: Russia sets to agree on oil production cuts

The OPEC+ ministers are discussing the possibility of oil production cuts in 2019 to avoid oversupply of crude

Russian leader discussed with energy minister course of talks OPEC+ on oil production cuts

Russian President Vladimir Putin discussed with Energy Minister Alexander Novak the questions relating to the ongoing Vienna negotiations on oil production cuts within the OPEC+ format

OPEC states not agreed on specific volumes of production cuts

Petroleum Minister Khalid al-Faleh of Saudi Arabia hopes that the decision on reduction of oil extraction will be made on 7 December

EU aims to achieve use of renewable sources for 1/3 of its energy consumption by 2030

By 2030 the EU will have to obtain 32% of energy from renewable sources and achieve the "main energy efficiency goal" of 32.5%

Prices for oil drop

Cost of a barrel of Azerbaijani oil grade Azeri Light has decreased by $3.81

Azerbaijan to use technology Honeywell UOP to cover demand for euro 5 fuel

The State Oil Company of Azerbaijan will use technology Honeywell UOP in the process of modernization of the Baku oil refinery

Azerbaijan Energy Minister discussed with his Saudi Arabia counterpart matter of production restriction

Energy Minister Parviz Shahbazov of Azerbaijan and Minister of Energy, Industry & Natural Resources Khalid Abdulaziz Al Falih of Saudi Arabia conducted negotiations in Vienna

Tehran will not cut production under OPEC prior to the lifting of sanctions

Iran, under US sanctions, will not participate in the coordinated production cuts within OPEC format+

OPEC+ ministers agree on need to reduce oil production

The OPEC+ ministers agreed yesterday at a meeting of the Monitoring Committee on the need to reduce oil production, including Russia

Azerbaijan supports reduction of oil production within OPEC+

Azerbaijan supports the reduction of oil production within OPEC+

Price of Azerbaijani oil has risen

Cost of a barrel of Azerbaijani oil grade Azeri Light has grown by $0.63

UAE energy Minister: cooperation within OPEC+ will continue

United Arab Emirates will maintain cooperation within OPEC+

Azerbaijan and UAE discussed the current state of the global oil market

Minister of energy of Azerbaijan Parviz Shahbazov met with President of OPEC conference, Minister of energy of UAE Suhail Mohammed Faraj al-Mazrui.

Price of Azerbaijani oil has risen

Cost of a barrel of Azerbaijani oil grade Azeri Light has grown by $0.63