Poland accuses Russia of inflating gas prices

An "extreme situation" has developed in the gas market as a result of Russia's actions

BP-Azerbaijan: A new well under drilling

The Satti jack-up rig has moved to the Bibi-Heybat prospective area to commence the drilling of the second SWAP exploration well - BHEX01.

Gas price in Europe drops to $2,000

The fluctuation of gas prices in Europe continues

Forecast: Kazakhstan to increase sharply oil production

Energy crisis keeps Europe in a tight grip

The EU is approaching the worst energy crisis in history.

Oil grows in value, and Brent is at $74.04 a barrel

Prices for oil of standard grades are increasing weakly in Wednesday’s trading after a surge following the previous session

Azerbaijan increased gas exports for Jan-Nov

The volume of gas exported by Azerbaijan over Jan-Nov 2021 has been announced

Oil grows in value, and Brent is at $72.10 a barrel

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

A large petrol station to be constructed in Shusha

The SOCAR petrol station on the section of Gorus-Kafan road has been built and has already been put into operation.

SOCAR employees' salaries to increase

The State Oil Company of Azerbaijan (SOCAR) is going to increase salaries of its employees

SOCAR opens a gas station on border with Armenia

A gas station has been put into operation today on the Azerbaijani-Armenian border, on the territory of Gubadli district.

Baku to host a two-day Azerbaijan-Turkey Energy Forum

The 1st Azerbaijani-Turkish Energy Forum is to be conducted in Baku

Oil falls in price, and Brent is at $71.36 a barrel

Prices for oil of standard grades keep on declining in Monday’s trading after fall at the end of last week amid the growing fears of the spread of a new strain of Covid-19 ‘omicron’.

Gas price in Europe has fallen

In the course of today's trading at stock exchanges the price per 1,000 cu m of gas in Europe has dropped to $1,500.

China increases purchases of Iranian oil

Chinese refineries increased purchases of cheap Iranian oil last month

Oil drops on cost, and Brent is at $74.22 a barrel

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

Azerbaijan’s manufacture of petroleum products increased for Jan-Nov

The manufacture of petroleum products in Azerbaijan for Jan-Nov 2021 grew in monetary terms by 14.6% (against Jan-Nov 2020) up to AZN 3.98 bn

Oil rises in cost, and Brent is at $74.53 a barrel

Prices for oil of standard grades are increasing in Thursday’s trading amid the data about decline in stocks in the U.S.

Azəriqaz grants one-week grace period to Azəristiliktəchizat for debt repaying

The Azerbaijani government has assumed the debt of Azəristiliktəchizat to Azəriqaz in the amount of more than AZN 34 million

Oil keeps on declining in value, and Brent is at $72.93 a barrel

OPEC+ countries cut oil production