Oil prices move in different directions, and Brent is at $106.90 a barrel

Prices for oil of benchmark grades change in different ways in Friday’s trading

Shell increases net profit for Q2

Shell has reported record net profit for two consecutive quarters due to rising fuel prices.

Iran earned $4 bn on gas exports for 4 months

For 4 months of 2022, Iran's income from gas exports amounted to about $4 bn, ABC.AZ reports, quoting Iranian Oil Minister Javad Ovji.

Oil grows in price, and Brent is at $107.20 a barrel

Prices for oil of benchmark grades are increasing in Thursday’s trading after a steady rise the day before amid the data on decline in energy stocks in the U.S.

Azerbaijan Rigs unveils net profit for 2021

A joint company of SOCAR and the State Oil Fund (SOFAZ) - Azerbaijan Rigs LLC received net profit of AZN 30 million in 2021

Saudi Arabia may record an increase in oil sales

Saudi Arabia may record a record increase in oil supplies to Asia. But traders argue that such growth carries risks.

Oil gets more expensive, and Brent is at $104.49 a barrel

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

Gas price in Europe on stock exchange exceeds $2,000 per 1,000 cu m

The price of gas in Europe during trading on the stock exchange on Tuesday rose above $2,000 per 1,000 cu m for the first time since the beginning of March against the background of the situation around the Nord Stream.

New BP Vice President for Azerbaijan appointed

BP's Vice President for Financial Affairs in Azerbaijan, Georgia & Turkey has been replaced.

Oil rises in value, and Brent is at $106.44 a barrel

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

Are gas supplies from Azerbaijan to Turkey being stopped?

In August, Azerbaijani gas supplies via the South Caucasus pipeline (Baku-Tbilisi-Erzurum) to Turkey will be temporarily suspended due to the maintenance of the pipeline.

Oil grows in cost, and Brent is at $102.32 a barrel

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

Commission on Renewable Energy Sources expanded

President Ilham Aliyev has amended the December 5, 2019 Decree on the measures on pilot projects in the field of renewable energy sources.

Last month, producer price index for oil & gas industry made up 107.5%

This June, compared with May, the producer price index for oil & gas industry products reached 107.5%.

Oil gets more expensive, and Brent is at $104.87 a barrel

Prices for oil of benchmark grades are rising in Friday’s trading after falling at the end of the previous session

Azerbaijani plant’s export reached $70 million

SOCAR Methanol LLC produced 271,200 tons of methanol in the 1st half of 2022 (2.8-fold more versus 1st half of 2021), ABC.AZ reports with reference to the State Statistics Committee.

SOCAR president appointed

Rovshan Chingiz oglu Najaf has been dismissed from the post of first vice-president of the State Oil Company of Azerbaijan.

Russia resumes gas supplies to Germany

Gas supplies via the Nord Stream resumed on Thursday morning.

Oil falls in cost, and Brent is at $106.05 a barrel

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

SOFAZ's revenues from two fields made public

The earnings on Azeri-Chirag-Guneshli and Shah Deniz as of 1 July 2022 have been announced

Production of diesel generators starts in Azerbaijan first time

Group of Companies STP organized today a production tour for media representatives.