Saudi Arabia urges OPEC+ countries to cut production

Saudi Arabia offers other OPEC+ members to reduce oil production quotas in order to support world markets.

Oil price goes up, and Brent is at $80.09 a barrel

Prices for oil of benchmark grades are increasing weakly in Tuesday’s trading after decline the day before.

SOCAR to produce oil and gas equipment in Uzbekistan

SOCAR plans to establish production of chemicals and drilling fluids in Uzbekistan.

Volume of cargo shipped by tankers has increased

Azerbaijan Caspian Shipping Company has published the data on the volume of cargo transported by its vessels for Jan-Oct 2023.

Caspian Pipeline Consortium stops transportation in Black Sea

Oil keeps on falling, and Brent is at $79.85 a barrel

Prices for oil of benchmark grades continue to drop in Monday’s trading.

Oil price keeps on falling, and Brent is at $81.27 a barrel

Prices for oil of benchmark grades continue to decline in Friday’s trading.

List of countries whose population consumes most of all electricity

The population of Iceland consumes most of all electricity.

Cost of oil goes down, and Brent is at $80.99 a barrel

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

Azerbaijan to start gas supplies to another European country

In 2024-26, Serbia will buy up to 400 million cu m of gas from Azerbaijan annually, and from 2027 supplies will increase up to 1 bcm

Azerbaijan signs memorandum with three countries

Oil price is stable, and Brent is at $82.46 a barrel

Prices for oil of benchmark grades are stable in Wednesday’s trading.

4.3 bn barrels of oil pumped so far via BTC

The total volume of oil pumping through the Baku-Tbilisi-Ceyhan pipeline (BTC) amounted to 4.3 billion barrels.

Gas from Absheron field can be sent to markets of Türkiye and Europe

Price of oil that Azerbaijan sells to Germany has fallen from $715 to $638 per ton

Azerbaijan has increased crude oil exports to Germany by 76% in the first 10 months of 2023.

Meeting on electricity export from Central Asian countries held

A trilateral meeting of the Central Asian countries has been held to consider export of electricity and renewable energy sources.

Oil price goes down, and Brent is at $82.01 a barrel

Prices for oil of benchmark grades are declining in Tuesday's trading after more than 6% growth following the previous two sessions.

Oil price goes up, and Brent is at $81.16 a barrel

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

BP withdraws from Türkiye and sells its gas stations

British company BP sells 779 filling stations in Türkiye to Petrol Ofisi of this country, ABC.AZ reports, referring to Petrol Ofisi.

Azerbaijan’s electricity exports abroad has grown 4-fold

Azerbaijan exported 3.409 billion kWh of electricity abroad for the first 10 months.

Oil price is stable, and Brent is at $77.48 a barrel

Prices for oil of benchmark grades are stable in Friday’s trading after a serious drop the day before.