Energy
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The largest US oil and gas company Exxon Mobil sharply reduced its net profit in the first quarter of 2024 and lowered revenue by 4%, with profit being worse than market forecasts. Net profit in January-March amounted to $8.22 billion compared to $11.43 billion in the same period of the previous year.
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The US Department of Energy lowered the forecast for the price of Brent oil for 2024 from $88.55/bbl to $87.79/bbl, the monthly forecast of the Energy Information Administration (EIA) of the department. The forecast for 2025 has been lowered more significantly: by $1.6 - from $86.98/bbl to $85.38/bbl.
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By the beginning of May 2024, the total volume of BP investments in all projects in Azerbaijan amounted to about $ 85 billion, BP Vice President for the Caspian region Bakhtiyar Aslanbayli announced at the opening event of the Laboratory for Information Technology and Cybersecurity at Baku Engineering University.
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Issues of joint cooperation and investment opportunities between the State Oil Company of the Republic of Azerbaijan (SOCAR) and Saudi Arabian companies were
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