Brent crude oil sells for $66.50

16.07.2019 [12:49]
On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $0.02 to trade at $66.50. The price of Light crude oil at the NYMEX (New York Mercantile Exchange) decreased $0.04 to stand at $59.54 ...

SOCAR, ENOC discuss investment opportunities

16.07.2019 [11:20]
President of State Oil Company of Azerbaijan Republic (SOCAR) Rovnag Abdullayev has met with a delegation led by Vice Chairman of Emirates National Oil Company ENOC Sheikh Saeed Mohammed Al Tayer to discuss opportunities for investment ...

Azerbaijani oil sells for $68.75

16.07.2019 [10:50]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.05 to stand at $68.75 ...

Azpetrol becomes partner of Caspian Energy Forum Baku – 2019

15.07.2019 [14:58]
Azpetrol ltd LLC has become a partner of the 9th International Caspian Energy Forum Baku – 2019 which will be held at Azerbaijan’s capital on September 19. The 9th International Caspian Energy Forum Baku – 2019 is dedicated to the 25th ...

Oil prices decrease on world markets

15.07.2019 [10:42]
Oil prices have decreased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.16 to trade at $66.56 while the price of Light crude oil at the NYMEX (New York Mercantile Exchange) decreased $0.27 to stand at $59.94 ...

Azerbaijani oil sells for $68.7

13.07.2019 [17:59]
Azerbaijani oil price has decreased on the world markets. The price of a barrel of Azeri Light crude oil fell $0.13 to stand at $68.70 ...

Shah Deniz 2 project receives RAEng Major Project Award 2019

13.07.2019 [14:40]
The team behind the BP’s Shah Deniz 2 project have been awarded the Royal Academy of Engineering’s 2019 Major Project Award for their collaboration to deliver this complex major offshore, onshore and pipeline gas development project. The award was presented ...

Oil prices jump on world markets

13.07.2019 [11:04]
Oil prices have increased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $0.20 to trade at $66.72 while the price of ...

Grant Thornton to prepare consolidated Extractive Industries Transparency reports covering 2018-2019

13.07.2019 [10:26]
The Extractive Industries Transparency Commission (EITC) has held its next meeting at the State Oil Fund of the Republic of Azerbaijan (SOFAZ) with the participation of representatives of civil society, local and foreign extractive companies operating in Azerbaijan and international organizations ...

Oil production in OPEC countries dropped most in Iran and Iraq last month

12.07.2019 [15:24]
In June, crude oil production in the Organization of Petroleum Exporting Countries (OPEC) fell by 90,000 barrels stand at 29 million 910,000 barrels per day. According to the monthly report of the International Energy Agency (IEA) on the oil market, in June, the total production of OPEC was 35 million 480 thousand barrels per day ...

IEA: Global oil production tops 100 million barrels in June

12.07.2019 [15:23]
Global oil supply increased by 300 thousand barrels per day to 100.28 million barrels per day (mbpd), topping the 100 mb/d mark for the first time since January, according to data from the International Energy Agency (IEA), Anadolu Agency reports ...

SOCAR, China’s Silk Road Fund discuss cooperation prospects

12.07.2019 [14:41]
President of State Oil Company of Azerbaijan Republic (SOCAR) Rovnag Abdullayev has met with a delegation led by Chairman of Board of Supervisors of China’s Silk Road Fund Yang Zejun. Rovnag Abdullayev hailed the huge investment opportunities of the Silk Road Fund of China, stressing that it can contribute to ...

Oil prices jump on world markets

12.07.2019 [13:27]
Oil prices have increased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil increased $0.46 to trade at $66.98 while the price of Light crude oil at the NYMEX (New York Mercantile Exchange) rose ...

Azerbaijani oil price reaches $69

12.07.2019 [12:02]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.72 to stand at $68.83 ...

Abu Dhabi to host OPEC joint ministerial meeting in September

11.07.2019 [21:12]
The Emirate of Abu Dhabi will host in September the Joint Ministerial Monitoring Committee meeting of the Organisation of Petroleum Exporting Countries, OPEC, the Organisation announced. ...

OPEC: Global oil demand growth forecast at 1.14 mb/d for both 2019 and 2020

11.07.2019 [19:48]
Global oil demand growth, despite some uncertainty, is forecast at 1.14 mb/d for both 2019 and 2020, according to the July edition of the OPEC Monthly Oil Market Report which highlights 2020 oil market forecast ...

Japanese ITOCHU expresses interest in cooperating with SOCAR

11.07.2019 [14:04]
The Japanese ITOCHU Corporation has affirmed interest in cooperating with Azerbaijan`s state oil firm, SOCAR. Managing Executive Officer, President of Energy & Chemicals Company at ITOCHU Keita Ishii met with SOCAR president Rovnag Abdullayev. "We are interested in building cooperation in all areas and forms ...

Azerbaijani oil price exceeds $68

11.07.2019 [12:20]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $2.33 to stand at $68.11 ...

Oil prices jump on world markets

11.07.2019 [11:35]
Oil prices have increased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil increased $0.02 to trade at $67.03 while the price of Light crude oil at the NYMEX (New York Mercantile Exchange) rose ...