Tag: oil

Crude oil higher; tropical storm Ida and Powell’s speech in focus

[ad_1] Crude oil prices strengthened Friday, set to post substantial gains this week, boosted by likely supply disruptions as Tropical Storm Ida heads toward the US Gulf Coast. Report informs, citing Investing.com, that by 9 AM ET (1300 GMT), US crude futures were up 2.3% at $68.94 a barrel, on track for a weekly gain… Continue reading Crude oil higher; tropical storm Ida and Powell’s speech in focus

Oil prices growing 3% | Report.az

[ad_1] Global oil prices accelerated their growth on August 23 afternoon compared to the morning dynamics, against the background of rising stock markets after last week’s sales, according to trading data, Report informs referring to Prime agency. The price of November futures for Brent crude oil rose by 3.1 percent to $66.76 per barrel, October… Continue reading Oil prices growing 3% | Report.az

Azerbaijani oil price goes down

[ad_1] The price of a barrel of Azerbaijan’s Azeri LT CIF oil in the world market has decreased by $0.83 or 1.16% to $70.92, Report informs. The lowest price for Azeri Light was recorded on April 21, 2020 ($15.81), and the all-time high of $149.66 was fixed in July 2008. [ad_2] https://report.az/en/energy/azerbaijani-oil-price-goes-down-7821/

Oil export from Sangachal terminal declines by 10% 

[ad_1] During the first six months of 2021, the Sangachal terminal exported about 115 million barrels of oil and condensate, down 9.45% from the previous year, Report informs, referring to BP-Azerbaijan. This included about 99 million barrels through Baku-Tbilisi-Ceyhan (BTC) (down 10.8%) and about 16 million barrels through the Western Route Export Pipeline (WREP). On… Continue reading Oil export from Sangachal terminal declines by 10% 

STAR Refinery reduces crude oil imports by 14% in May 

[ad_1] SOCAR’s STAR Refinery in Turkey imported 679,647 tons of crude oil in May 2021 (20.05% of total imports of crude oil), down 112,461 tons or 14.2% from the previous year, Report informs, referring to the Energy Market Regulatory Authority (EMRA). STAR Refinery was launched on October 19, 2018. The foundation of the plant was… Continue reading STAR Refinery reduces crude oil imports by 14% in May 

Azerbaijan exported 14,000,000 tonnes of oil this year

[ad_1] From January through July this year, Azerbaijan exported nearly 14,000,000 tonnes (with condensate) of oil, according to the operative information prepared by the Ministry of Energy on the country’s oil and gas production in January-June of this year. According to the information, of these, more than 13,300 will go to the consortium and other… Continue reading Azerbaijan exported 14,000,000 tonnes of oil this year