Tag: oil

Azerbaijani oil price nears $ 77

[ad_1] The price of a barrel of Azerbaijan’s Azeri LT CIF oil in the world market has increased by $ 0.50 (0.65%) to $ 76.77, 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/the-price-of-a-barrel-of-azerbaijan-s-azeri-lt-cif-oil-nears-77/

BP to stick with oil and gas for decades, CEO says

[ad_1] BP will continue producing hydrocarbons for decades to come and will benefit from rising oil prices even as it reduces output as part of its shift to low-carbon energy, BP CEO Bernard Looney told Reuters, Report informs. The recent rally in crude prices, which climbed on Tuesday to a more than two-year high above… Continue reading BP to stick with oil and gas for decades, CEO says

IMF: SGC pipeline to boost exports of natural gas, mitigating decline in oil production

[ad_1] Risks to the outlook of the Azerbaijani economy are broadly balanced, although uncertainty about the future of the pandemic remains high, Report informs referring to a report by the International Monetary Fund (IMF) following consultations with the Azerbaijani government under Article IV of the IMF’s Articles of Agreement. “Vaccination is expected to help defeat… Continue reading IMF: SGC pipeline to boost exports of natural gas, mitigating decline in oil production

Azerbaijan and Ukraine to jointly invest in oil and gas projects

[ad_1] Today, the Ukrainian-Azerbaijani working group on energy cooperation held the 4th meeting through video conferencing, Report informs, citing the Ukrainian Embassy in Azerbaijan. The meeting was chaired by Deputy Minister of Energy of Ukraine Yaroslav Demchenko and Deputy Minister of Energy of Azerbaijan Kamal Abbasov. The sides assessed the level of bilateral cooperation and… Continue reading Azerbaijan and Ukraine to jointly invest in oil and gas projects

Russia eyes increasing duty on oil exports from July 1

[ad_1] The export duty on oil in Russia will rise by $2.7, from $58.8 per ton in June to $61.5 per ton in July, oilexp reports referring to the press service of the Ministry of Finance of the Russian Federation, Report informs. According to the ministry, the average price of Russian export Urals oil for… Continue reading Russia eyes increasing duty on oil exports from July 1

Major traders say oil for $100 not impossible

[ad_1] The world’s biggest oil traders see oil prices staying above $70 a barrel with demand expected to return to pre-pandemic levels in the second half of 2022, Report informs referring to Reuters. Oil prices crashed in April last year when the COVID-19 movement restrictions hit their peak with the US crude benchmark turning negative… Continue reading Major traders say oil for $100 not impossible

Azerbaijan sees over 13% decline in oil export

[ad_1] Azerbaijan exported 11,921,162 tons of crude oil and crude oil products obtained from bituminous minerals worth $4,927,241,270 in January-May 2021, respectively, down 13.4% and 2.84% from the previous year, Report informs citing the State Customs Committee. In the reporting period, oil export constituted 66.34% of total export. [ad_2] https://report.az/en/energy/azerbaijan-sees-over-13-decline-in-oil-export/

Azerbaijani oil nears $74

[ad_1] The price of a barrel of Azerbaijan’s Azeri LT CIF oil in the world market has increased by $0.45 or 0.6% to $73.98 per barrel. [ad_2] https://report.az/en/energy/azerbaijani-oil-nears-74/