Energy Minister: Southern Gas Corridor capacity may double with growth of number of partners

The 5th Baku Ministerial Meeting of the Southern Gas Corridor Advisory Council has involved by representatives of 17 countries

President Ilham Aliyev takes part in a meeting of Southern Gas Corridor Advisory Council

Baku hosts the 5th meeting of the ministers within the framework of the Southern Gas Corridor Advisory Council

Azerbaijani price has declined in price

Cost of a barrel of Azerbaijani oil grade Azeri Azeri LT CIF decreased by $0.75

OPEC Conference president to come to Baku as president, despite US sanctions

Azerbaijani oil has grown in price

Cost of a barrel of Azerbaijani oil grade Azeri Azeri LT CIF increased by $0.59

Prices for oil grow

Cost of a barrel of Azerbaijani oil grade Azeri Azeri LT CIF increased by $0.31

Lukoil president: Fate of OPEC+ deal to be known after situation with sanctions against Iran defined

The further fate of the OPEC+ deal will become clear in April after clarification of the situation with sanctions against Iran

Oil has grown in price

Cost of a barrel of Azerbaijani oil grade Azeri Azeri LT CIF increased by $1.11

OPEC+ states cut oil production by 34% in January within December`s decision

Oil prices have grown

Cost of a barrel of Azerbaijani oil grade Azeri Azeri LT CIF decreased by $1.35

OPEC cuts its forecast of growth in global oil demand in 2019

In its February`s report OPEC lowered the forecast of growth of world oil demand in 2019 by 50,000 bpd to 1.24 million barrels

Absheron SOCAR declares liquidation

SOCAR Absheron (a subsidiary of the State Oil Company of Azerbaijan) announced its liquidation

France’s Total hopes to stay in Venezuela, despite sanctions against latter

French oil company Total hopes to keep its presence in Venezuela, despite the sanctions imposed by the U.S. against the country

Oil prices keeps on falling

Cost of a barrel of Azerbaijani oil grade Azeri Azeri LT CIF decreased by $0.42

Azerbaijan’s daily oil production reached 793,000 barrels in January

The daily volume of oil production in Azerbaijan for January 2019 totaled 793,000 barrels, including 720,000 barrels of crude oil and 73,000 of gas condensate

European Commission not changed its position on EU Gas Directive

The European Commission has not changed its position on tightening the EU Gas Directive

Oil prices decline

Cost of a barrel of Azerbaijani oil grade Azeri Light dropped by $1.38

European Commission sharply lowers oil price forecast 2019-20

The European Commission (EC) has revised its forecast on the average annual price of Brent oil in 2019-20

Azerbaijani Energy Minister calls oil price acceptable for development of domestic economy

Azerbaijani Energy Minister Parviz Shahbazov called the price of oil at $60-$70 acceptable for the country`s economy

Azerbaijani oil has grown in price

Cost of a barrel of Azerbaijani oil grade Azeri Light increased by $0.60

Oil exporters think a possibility of an alternative to OPEC

Saudi Arabia and its Persian Gulf allies advocate the transformation of OPEC and the consolidation of an alliance with Russia and other nine non-cartel oil-producing countries