Energy Minister: Azerbaijani government satisfied with current oil price

The current oil prices satisfy Azerbaijan, but their stability is a priority.

Azerbaijan and Russia discuss joint energy projects

Azerbaijan and Russian company Lukoil discussed projects in the field of alternative energy.

Oil grows in price, and Brent is at $83.93 a barrel

Prices for oil of standard grades are increasing in Thursday’s trading, after decline the day before

Forecast: OPEC lowers its estimate of oil demand growth

OPEC has lowered its forecast on the growth of oil demand in the world for 2021. The forecast on oil demand growth is no longer 6 million b/d, but 5.8 million b/d.

Forecast: Oil may fall in price to $24 by 2050

The global policy of carbon neutrality may lead to reduction in oil prices to $36 per barrel by 2030 and to $24 by 2050.

Oil falls in cost, and Brent is at $83.22 a barrel

Prices for oil of standard grades are declining in Wednesday’s trading

Oil prices rise, and Brent is at $83.95 a barrel

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

Oil rises in price, and Brent is at $83.77 per barrel

Prices for oil of standard grades are increasing in Monday's trading

Oil gets more expensive, and Brent is at $82.85 per barrel

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

First oil production at this field to be carried out in 2025

The first oil production at the Karabakh field will begin in 2025

SOCAR declares prime cost of oil production

The prime cost of production of a ton of oil in 2020 amounted to 118.85 manats

Moody’s increases oil price forecast in 2022

Moody’s Investors Service has increased its medium-term oil price range for 2022 to $50-70/barrel.

Price of gasoline in Japan grows

The price of gasoline in Japan has reached the highest level in the last three years

Oil gets cheaper after publication about data on stocks in U.S., and Brent is at $80.52 a barrel

Prices for oil of benchmark grades are declining in Thursday’s trading, after the fall the day before amid the data of the Ministry of Energy about the growth of reserves in the U.S.

Belgian companies can participate in auction of renewable energy sources in Azerbaijan

Energy Minister Parviz Shahbazov met with Belgian Ambassador to Azerbaijan Michel Petermans.

About 5.5 bn cu m of gas carried via TAP pipeline

Oil grows in price, and Brent is at $82.84 a barrel

Prices for oil of benchmark grades are rising in Wednesday’s trading, after a jump the day before

Forecast: Oil price may exceed $100

A substation opens in Jabrayil – President took part in opening ceremony

On 4 October, President Ilham Aliyev took part in the opening of substation Jabrayil 110/35/10 kV.

Oil rises in price, and Brent is at $81.74 a barrel

Prices for oil of standard grades are increasing in Tuesday’s trading after a jump more than by 2% the day before against the background of OPEC+ states’ decision to keep the previously-adopted plan to increase oil production

SOCAR Energy Ukraine has taken a place among taxpayers

SOCAR's subsidiary in Ukraine SOCAR Energy Ukraine has entered Top 10 of taxpayers among 200 companies in the fuel market