In April, the price of Brent crude oil fell below $87 per barrel for the first time
The price of Brent crude futures for June delivery on the London ICE exchange fell below $87 per barrel for the first time since April 1, the trading data on ICE.
According to the exchange, in the morning the price of Brent decreased by 0.58%, to $86.91 per barrel, and then fell during the day to $86.59. At the same time, futures for WTI crude oil for delivery in June decreased by 0.9%, to $81.65 per barrel.
The decrease in oil prices was influenced by a decrease in military and political risks in the Middle East. Market participants are convinced that there will not be a big war between Iran and Israel.
Energy
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Over the past period, Azerbaijan has established itself as a reliable partner supplying Europe not only with oil, but also with gas, an article published by the EU Reporter, based in Brussels. "Caspian gas has become a guarantee of stability for a number of European countries. Responding to the growing needs of the region, the parties agreed to increase gas supplies to Europe to 20 bcm per year by 2027. The corresponding memorandum was signed in the summer of 2022 by President Ilham Aliyev and President of the European Commission Ursula von der Leyen," the article says.
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Azerbaijani Energy Minister Parviz Shahbazov will take part in the Kyrgyz Energy Forum, which will be held in Vienna in June, Kyrgyz Energy Minister Taalaibek Ibrayev said in an interview with the “Khabar” news agency.
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Azerbaijani Ambassador to Bulgaria Huseyn Huseynov discussed with the acting Minister of Energy of this country Vladimir Malinov the possibility of supplying additional volumes of Azerbaijani energy resources to Bulgaria. The diplomat announced this on his page on the social network X.
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In the first quarter of this year, SOCAR Polymer LLC, a subsidiary of the State Oil Company of Azerbaijan (SOCAR), exported products worth $56.4 million,
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