The output cut will cause Brent to rise back above $70 a barrel, CNBC quoted vice president of macro oils at Wood Mackenzie energy research firm Ann-Louise Hittle as saying. According to Ann-Louise Hittle, Energy research firm Wood ...

The price of Azerbaijani oil has decreased on the world markets. The price of a barrel of Azeri Light crude oil fell $1.81 to stand at $62.73 ...

On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil increased $0.03 to trade at $60, while the price of Light crude at the NYMEX (New York Mercantile Exchange) rose $0.01 to stand at $51.01 on ...

On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil increased $0.30 to trade at $61.97, while the price of Light crude at the NYMEX (New York Mercantile Exchange) decreased $0.12 to stand at $52.49 on world markets ...

People's Minister of Petroleum of the Bolivarian Republic of Venezuela Manuel Salvador Quevedo Fernandez has been elected as a next President of the OPEC Conference for one year, with effect from 01 January 2019, while Mustapha Guitouni ...

Iran, Libya, and Venezuela have all secured the cutting oil production under the newest OPEC agreement signed on Friday, during the 5th OPEC and non-OPEC Ministerial Meeting in Vienna, Austria, OPEC’s President, Minister of Energy & Industry of the ...

The Organization of the Petroleum Exporting Countries has agreed with Russia and other non-OPEC allies to cut crude oil production by 1.2 million barrels per day for the first 6 months of 2019, OPEC said in a statement ...

OPEC and its oil producing allies reached an agreement to cut production by 1.2m barrels a day. The deal was hammered out at the OPEC secretariat in Vienna. The 1.2m b/d cut will be split 800,000 b/d for OPEC members and 400,000 b/d for countries outside the cartel ...

On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil decreased $0.49 to trade at $59.57, while the price of Light crude at the NYMEX (New York Mercantile Exchange) fell $0.39 to stand at $51.10 on world markets ...

The price of Azerbaijani oil has decreased on the world markets. The price of a barrel of Azeri Light crude oil fell $3.81 to stand at $60.24 ...

Honeywell (NYSE: HON) announced today that the State Oil Company of Azerbaijan Republic (SOCAR) will use Honeywell UOP’s Pressure Swing Adsorption (PSA) technology to supply high-quality hydrogen as part of the modernization of the Heydar Aliyev Oil Refinery (HAOR) in Baku, Azerbaijan ...

Azerbaijani and Saudi Energy Ministers adhere the continuation of cooperation between OPEC and non-OPEC countries in 2019 in terms of oil market regulation, as Energy Minister Parviz Shahbazov met Saudi Arabia’s Minister of Energy, Industry and Mineral ...

The price of Azerbaijani oil has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.19 to stand at $64.05 ...

On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil decreased $0.47 to trade at $61.09, while the price of Light crude at the NYMEX (New York Mercantile Exchange) fell $0.50 to stand at $52.39 on world ...

About 98% of the Trans Adriatic Pipeline (TAP) route in Greece and Albania has been lowered into the trench, according to the TAP AG consortium. “750 km out of 765 km in total now lowered into the trench. TAP will help integrate and diversify Europe’s energy supply ...

Iranian Petroleum Minister Bijan Zangeneh has underscored the importance of probing into the reasons behind Qatar withdrawal from the Organization of the Petroleum Exporting Countries (OPEC), according to IRNA news agency ...

“We believe that Chevron`s decision is a completely business decision,” said BP Azerbaijan`s Vice President for Communications, External Affairs, Strategy and Region Bakhtiyar Aslanbayli as he commented on media reports saying that Chevron is seeking to ...

On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil decreased $1.12 to trade at $60.96, while the price of Light crude at the NYMEX (New York Mercantile Exchange) fell $0.88 to stand at $52.37 on world markets ...