OPEC+’s oil-output hikes are part of a Saudi strategy that will see the kingdom embark on a long but shallow price war designed to recapture market share, Bank of America Corp.’s head of commodities research Francisco Blanch said.
The construction of the Nord Stream 2 gas pipeline, through which Russian gas was supposed to flow to Germany, was a mistake, the German Chancellor said during a meeting with Donald Trump.
Gas supply to Azerbaijan's Gorchu and Goshasu villages will be provided until the end of 2026, First Deputy Head of the Gas Export Department Sarkhan Babashov said at a meeting of the Working Group on Energy Supply Issues in Khankendi.
Another initiative from Brussels is to disconnect over two dozen banks from SWIFT
The global oil market is poised to enter a prolonged downturn in crude prices, potentially lasting several years. The world's largest oil companies, including BP, Chevron, ExxonMobil, Shell, and TotalEnergies, are taking …
U.S. President Donald Trump said Washington is aware who is responsible for blowing up the Nord Stream pipelines under the Baltic Sea, so it does not …
According to Dmitry Peskov, this issue should not be politicized
Oil prices extended losses on Monday, falling more than 2% as escalating trade tensions between the United States and China stoked fears of a recession that would reduce demand for crude while OPEC+ readies a supply increase. The price …
It was decided not to change plans for a gradual increase in production by 150,000 bpd per month
Brent crude oil fell below $69 for the first time since early March. The price decline continues for the second day amid Trump and OPEC+ decisions.
Senior Advisor of the U.S. Department of State's Bureau of Energy Resources (ENR) Erik Jacobs is on a visit to Baku, the U.S. Embassy reported. During the visit, Jacobs will meet with government officials, energy sector leaders, and …
Türkiye has been importing at least 2 million tons of LNG for the third month in a row. Deliveries in February reached a record high.
The cause of the accident is damage to the gas pipeline
Oil prices fell on Wednesday after Russian President Vladimir Putin and U.S. President Donald Trump held talks. Brent crude futures fell 23 cents, or 0.3%, to $70.33 a barrel by 0730 GMT. U.S. West Texas Intermediate crude …
Ilham Aliyev called today an important day in the history of Turkish-Azerbaijani relations
Türkiye is set to start exports of natural gas to Azerbaijan's Nakhchivan this week, Turkish Energy and Natural Resources Minister Alparslan Bayraktar …
Kazakh power engineers have reported on the first stage of negotiations with Russia on providing gas to the north and east of Kazakhstan
Lavrov asked Fidan to put pressure on Kyiv
Crude oil prices slumped to their lowest level this year amid concerns of weakening demands after China announced a retaliatory tariff on US crude oil …
The Danish Energy Agency issued a permit to Nord Stream 2 AG, the Nord Stream 2 gas pipeline, for mothballing of the damaged pipeline, the authority said. "On January 28, 2025, the Danish Energy Agency issued a permit …
