Oil price on world markets
The price of oil changed in different directions in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.48 to stand ...
SOCAR signs agreement on oil refinery reconstruction

SOCAR signs agreement on oil refinery reconstruction

11.02.2016 [18:25]
SOCAR and KT-Kinetics Technology S.p.A of Italy signed an agreement on reconstruction of Heydar Aliyev Baku Oil Refinery. SOCAR President Rovnag Abdullayev, Chairman of KT-Kinetics Technology S.p.A and Vice President of Maire Technimont Group Gianni ...
Oil price on world markets

Oil price on world markets

11.02.2016 [15:39]
The price of oil continue falling on the world markets. On the New York Stock Exchange NYMEX cost of the US Light crude oil decreased $1.55 to stand at $26.98. Price of the Brent crude oil at ...
OPEC sees steeper drop in rivals' supply as price curbs spending

OPEC sees steeper drop in rivals' supply as price curbs spending

10.02.2016 [18:24]
OPEC revised estimates of production from rival suppliers, indicating a steeper drop in non-OPEC supply than previously anticipated, according to Bloomberg. Production outside the Organization of Petroleum Exporting Countries will fall by 700,000 barrels a day in 2016, or 40,000 a day more than ...
EIA slides oil price forecast lower

EIA slides oil price forecast lower

10.02.2016 [15:26]
The U.S. Energy Information Administration (EIA) lowered its forecast on oil prices in a new forecast. The government agency expects WTI prices to average $37.59/bbl this year vs. $38.54/bbl prior forecast. The EIA sees Brent crude ...
Oil demand growth set to ‘ease back considerably’: IEA

Oil demand growth set to ‘ease back considerably’: IEA

10.02.2016 [15:15]
There is little chance of a respite for oil in the next few months as global demand growth will "ease back considerably" in 2016, according to the latest forecasts from the International Energy Agency (IEA), according to CNBC. ...
Oil price on world markets

Oil price on world markets

10.02.2016 [11:28]
The price of oil continue falling in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $1.44 to stand at ...
Goldman Sees Risk of Oil Below $20

Goldman Sees Risk of Oil Below $20

09.02.2016 [19:36]
Oil could drop below $20 a barrel as the search for a level that brings supply and demand back into balance makes prices even more volatile, Goldman Sachs Group Inc. predicted, according to Bloomberg. ...
Oil price on world markets

Oil price on world markets

09.02.2016 [10:50]
The price of oil fell again in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $1.20 to stand at ...
Baku to host 2nd Southern Gas Corridor Advisory Council meeting

Baku to host 2nd Southern Gas Corridor Advisory Council meeting

08.02.2016 [21:22]
Baku will host the 2nd Southern Gas Corridor Advisory Council meeting on February 29. According to Azerbaijan`s Ministry of Energy, invitation letters were sent to ministers of energy and representatives of various organizations from Southern Gas Corridor member countries ...
World's largest energy trader sees a decade of low oil prices

World's largest energy trader sees a decade of low oil prices

08.02.2016 [21:17]
Oil prices will stay low for as long as 10 years as Chinese economic growth slows and the U.S. shale industry acts as a cap on any rally, according to the world’s largest independent oil-trading house. "It’s hard to see a dramatic price increase," Vitol Group BV Chief Executive Officer Ian Taylor ...
Oil price on world markets

Oil price on world markets

08.02.2016 [11:00]
The price of oil changed in different directions in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.20 to stand at $31.17. Price of the Brent crude oil at the London ICE ...
Shahmar Movsumov: Azerbaijan has a strong base to withstand shocks

Shahmar Movsumov: Azerbaijan has a strong base to withstand shocks

06.02.2016 [17:34]
Azerbaijan has a strong base to withstand shocks, Shahmar Movsumov, Executive Director of the State Oil Fund of Azerbaijan Republic (SOFAZ), wrote in his letter published in Financial Times. Movsumov agrees that most of the hydrocarbon-exporting countries, including Azerbaijan are ...
Azerbaijani Ministry of Energy, EC Energy Union to sign protocol

Azerbaijani Ministry of Energy, EC Energy Union to sign protocol

06.02.2016 [13:39]
Azerbaijani Ministry of Energy and European Commission Energy Union will sign a protocol. This was decided during a meeting between Minister Natig Aliyev and director of the Energy Community Secretariat Janez Kopac. ...
Oil price on world markets

Oil price on world markets

06.02.2016 [10:39]
The price of oil has fallen on the world markets. On the New York Stock Exchange NYMEX cost of the US Light crude oil decreased $0.75 to stand at $30.97. Price of the Brent crude oil at the London ICE (InterContinental Exchange Futures) fell $0.22 to trade at $34.12. ...
European Investment Bank pledges 1 billion euros for TANAP

European Investment Bank pledges 1 billion euros for TANAP

05.02.2016 [19:22]
The European Investment Bank (EIB) has pledged one billion euros in a loan for the construction of Trans-Anatolian gas pipeline project (TANAP). EIB Vice-President Pim van Ballekom said their aim was to support the project through Botas company. He said the World Bank ...
SOCAR, Maire Tecnimont sign contract to build polyethylene plant

SOCAR, Maire Tecnimont sign contract to build polyethylene plant

05.02.2016 [13:28]
The State Oil Company of Azerbaijan (SOCAR) and Italian Maire Tecnimont have signed a contract on the construction of a polyethylene plant. The document was signed by SOCAR President Rovnag Abdullayev and Maire Tecnimont ...
2.8 million tons of oil delivered from Ceyhan Port to world market in January 2016

2.8 million tons of oil delivered from Ceyhan Port to world market in January 2016

05.02.2016 [11:42]
2 million 848 thousand 91 tons of Azerbaijani oil were delivered from Ceyhan Port to the world market in January 2016. According to the press service of SOCAR, 1 million 510 thousand 914 tons of this volume was the oil of the State Oil Fund of Azerbaijan Republic ...
Oil price on world markets

Oil price on world markets

05.02.2016 [11:07]
The price of oil changed in different directions in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.11 to stand at $31.72. Price of the Brent crude oil at the London ICE ...