Oil production in Azerbaijan has fallen

According to operational data, 11.1 million tons of oil (together with condensate) were produced in Azerbaijan for Jan-Apr 2022.

Cost of oil drops, and Brent is at $105.94 a barrel

Prices for oil of benchmark grades are declining in Thursday’s trading after a sharp rise following the previous session.

Oil gets more expensive, and Brent is at $104.83 a barrel

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

Arab minister has commented on rise in energy prices

Saudi Arabia's Energy Minister Abdel Aziz bin Salman announced the exhaustion of reserves in the world for the processing of hydrocarbons and the production of electricity.

Gasoline and diesel fuel have risen sharply in the U.S.

Retail prices for gasoline and diesel fuel in the U.S. have reached record levels ahead of the summer season.

G7 states to reduce gradually their dependence on Russian energy carriers

The G7 countries have promised to reduce gradually their dependence on Russian energy carriers.

Shell lost $4.24 bn for withdrawal from Russia

UK-Dutch oil & gas company Shell has reported write-off of assets for $4.24 bn because of the refusal to participate in Russian energy projects and from wholesale fuel purchases from Russia

Azerbaijan sells carbamide to these countries

Azerbaijan’s urea sales to the domestic market increased 3.24-fold and its export 8-fold for the 1st quarter of 2022

Oil rises in cost, and Brent is at $111.23 a barrel

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

BP executive vice president arrives in Azerbaijan

Operating costs of South Caucasus pipeline become known

In the 1st quarter of 2022, the operating costs of the South Caucasus Pipeline (SCP) amounted to about $14 million.

Daily capacity of Shah Deniz announced

Oil and condensate exports through Sangachal Terminal in 1st quarter reach 57 million barrels

In the 1st quarter of 2022, the shipment of oil and gas from the Azeri-Chirag-Guneshli (ACG) and Shah Deniz fields continued via subsea pipelines to the Sangachal Terminal.

Average amount of associated gas supplied through Sangachal terminal for Jan-Mar unveiled

ACG operating expenses for Q1 announced

Costs of the ACG block development project decreased by 12.6% to $529 million against Q1 of 2021.

Energy Regulatory Agency’s net profit halved

The Energy Regulatory Agency completed 2021 with net profit of AZN 1.95 million.

Oil rises in value, and Brent is at $110.71 a barrel

Prices for oil of benchmark grades are rising in Thursday’s trading after a sharp rise following the last session.

Commercial oil reserves in U.S. reduced

Following last week, commercial oil reserves in the United States decreased.

EU offers a ban on oil imports from Russia

Norwegian company’s assets in Azerbaijan decreased

As of 31 March 2022 the value of the assets of Equinox (Norway), which are not in circulation in Azerbaijan, amounted to $1.633 bn

Oil gets more expensive, and Brent is at $106.22 a barrel

Prices for oil of benchmark grades are rising in Wednesday’s trading after decline following the previous session.