Iğdır-Nakhchivan gas pipeline to open in coming weeks
Turkish Energy Minister spoke about the progress of the Iğdır-Nakhchivan gas pipeline project's opening. The gas pipeline should ensure Nakhchivan's independence from Iranian gas supplies.
Oil and Gas
Brent prices climb above $80
Brent oil futures with delivery in December moved up above $80 per barrel on the London-based ICE yesterday for the first time since August 29, according to market data. Brent futures had gained 2.75% to $80.2 a barrel but rolled back …
OPEC+ to increase oil production
In a few months, OPEC+ will begin to increase oil production
Why oil prices fall below $70?
The price of oil reached a record low this week. The price per barrel of Brent fell below $70.
'Black Monday' crashes Asian stock markets, bitcoin and oil
Stock markets tumbled on Monday, with Japanese shares at one point exceeding their 1987 "Black Monday" loss, as fears of a U.S. recession sent investors fleeing from risk while wagering that rate cuts would be needed to rescue …
Oil price going up
Brent oil futures with delivery in August climbed above $87 per barrel at the London-based ICE for the first time since April 30, 2023, according to trading data. Brent prices edged up by 0.46% to $87.04 a barrel. WTI futures …
Oil prices plummet once again
Oil prices eased on Tuesday, extending losses from a four-month low in the previous session, according to trading data. Brent crude futures …
IEA: global oil production drops
Global oil production in April 2024 decreased by 200,000 barrels per day (bpd) to 102 mln bpd, according to the International Energy Agency (IEA). It …
Saudi oil price to increase for Asia
Saudi Arabia raised the price of its crude to Asia for a third consecutive month, as the kingdom tries to tighten the oil market to prevent a global …
Gas supplies to China rise to record high
China imported 6.060 billion cubic meters of natural gas through pipelines in January 2024, which is a record for the country's gas industry, the Chinese customs service said. China receives pipeline gas from five countries: Russia, …
Iran accuses Israel of gas pipeline sabotage attack
Iranian Oil Minister Javad Owji has accused Israel of committing acts of sabotage on February 14 aimed at disabling the country’s main gas pipeline. According to the …
Uzbekistan to allocate $500 mln in pipelines to increase Russian gas imports
Uztransgaz will modernize its main gas pipelines to increase gas imports from Russia by attracting investments of up to $500 million for it, according to the investment program adopted by the government of …
Gazprom increases gas supplies to China
In a year, the company plans to reach a supply volume of 38 bln cubic meters of fuel per year
Does U.S. lift sanctions against Russian oil?
The United States resumed importing Russian oil last October for the first time since March 2022. The interruption in the supply of energy resources was one and a half years. The U.S. resumed imports of Russian oil in …
Oil prices steady
Oil prices steadied, giving up most of its earlier gains, as Middle East supply concerns arising from the Israel-Hamas conflict and the shutdown of …
Azerbaijani oil price rising
The price of Azeri Light Azerbaijani oil on the world market increased by $2.75 or 3.4% to $83.45, Trend reported, citing the source from the country's oil and gas market. The Azeri Light crude oil price based on CIF in the Italian …
What oil market anticipating in 2024?
Russian Deputy Prime Minister Alexander Novak expects the Brent oil price at $80-$85 per barrel next year, broadly in line with current levels.. He told Rossiya-24 state TV that Russia expects that the export of oil and petroleum …
Brent oil price surpasses $81 per barrel
The price of futures contract for Brent crude oil with March delivery on London’s ICE exceeded $81 per barrel yesterday evening for the first time since December 1. Brent price grew by 2.35% to $81.05 per barrel. By …
Brent price exceeds $80 per barrel
The price of Brent crude oil futures contract with February delivery on London’s ICE rose above $80 per barrel for the first time since December 1. As of 11:39 Moscow time, the Brent …
Gas to be provided for liberated villages in Fuzuli
Works have been begun in Azerbaijan to restore the gas infrastructure in the liberated territories
