Azeri Light crude reaches $70

10.12.2019 [10:54]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.17 to stand at $69.89 ...

Goldman lifts 2020 oil forecasts as OPEC cuts tighten market

09.12.2019 [14:08]
Goldman Sachs raises 2020 Brent spot price to $63/bbl from $60 previously, according to emailed report, according to Bloomberg. The long-term anchor price still seen at $55/bbl. Bank now forecasts WTI spot price at $58.50/bbl with long-term ...

Oil prices fall on world markets

09.12.2019 [11:25]
Oil prices have fallen on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil decreased $0.18 to stand at $64.21, while the price of Light crude oil at the NYMEX (New York Mercantile Exchange) fell $0.26 to trade at $58.93. ...

Oil posts best week since June as OPEC and allies announce deep production cut

07.12.2019 [20:49]
Oil moved higher on Friday as OPEC and its allies agreed to deepen oil production cuts to 500,000 barrels a day through to March 2020. This brings the total production cut to 1.7 million barrels a day. U.S. West Texas Intermediate crude futures gained 77 cents, or 1.3%, to settle at $59.20 a barrel ...

Azeri Light crude sells for $69.72

07.12.2019 [12:12]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.77 to stand at $69.72 ...

Oil prices rise on world markets

07.12.2019 [11:37]
Oil prices have risen on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil increased $1 to stand at $64.39, while the price of Light crude oil at the NYMEX (New York Mercantile Exchange) rose $0.77 ...

OPEC countries reach consensus on deal

06.12.2019 [16:47]
OPEC countries have reached a consensus on a deal on cutting oil production at the ministerial meeting on Thursday and plan to continue negotiations on Friday, Saudi Arabia's Energy Minister Abdulaziz bin Salman Al Saud told reporters, according to TASS. "We have reached an agreement with all OPEC members ...

Azeri Light crude reaches $69

06.12.2019 [11:21]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.79 to stand at $68.95 ...

Oil prices fall on world markets

06.12.2019 [10:30]
Oil prices have fallen on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil decreased $0.29 to stand at $63.10, while the price of Light crude oil at the NYMEX (New York Mercantile Exchange) fell $0.19 to trade at $58.24 ...

Rystad Energy: Global oil stocks will balloon if OPEC fails to agree on deeper production cuts

05.12.2019 [13:41]
Barring additional oil production cuts by OPEC in 2020, Rystad Energy forecasts a substantial build of global crude stocks and a corresponding drop in oil prices. A showdown is taking place in Vienna as OPEC countries plus ...

Azeri Light crude exceeds $68

05.12.2019 [12:32]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $2.08 to stand at $68.16 ...

Oil prices fall on world markets

05.12.2019 [11:07]
Oil prices have fallen on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil decreased $0.15 to stand at $62.85, while the price of Light crude oil at the NYMEX ...

Azerbaijani energy minister to attend 7th OPEC and non-OPEC Ministerial Meeting

04.12.2019 [19:01]
Azerbaijani Minister of Energy Parviz Shahbazov will participate in the 7th OPEC and non-OPEC Ministerial Meeting in Vienna, Austria on the invitation of Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) Mohammad Sanusi Barkindo ...

Foreign Policy News: Geopolitical and economic significance of TANAP

04.12.2019 [15:37]
The US-based Foreign Policy News portal has published an article by a leading specialist at the Baku-based Center of Analysis of International Relations Shahmar Hajiyev. Headlined “Geopolitical and economic significance of ...

Vienna hosts OPEC Joint Technical Committee meeting

04.12.2019 [12:48]
The 35th meeting of the Joint Technical Committee (JTC) of the Organization of the Petroleum Exporting Countries (OPEC) has been held in Vienna. The OPEC JTC has been operating since 2016 with the key objective ...

Azeri Light crude sells for $66.08

04.12.2019 [11:32]
Azerbaijani oil price has decreased on the world markets. The price of a barrel of Azeri Light crude oil fell $0.61 to stand at $66.08 ...

Oil prices rise on world markets

04.12.2019 [10:41]
Oil prices have risen on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil increased $0.47 to stand at $61.29, while the price of Light crude oil at the NYMEX (New York Mercantile ...

TANAP receives “World Leader” and “Green World Ambassador” awards

03.12.2019 [18:40]
The Trans Anatolian Natural Gas Pipeline (TANAP) project has been honored with “World Leader” and “Green World Ambassador” awards in a ceremony organized by UK based “The Green Organisation”, assessing and awarding outstanding projects on the areas of environment and CSR with its independent jury ...

Azeri Light crude sells for $66.69

03.12.2019 [14:25]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.48 to stand at $66.69 ...