Baku / 23.11.18 / Turan: The price of Brent crude oil futures for delivery in January 2019 on the stock exchange on November 23 fell below $ 60 a barrel. The fall per day was about 5% (almost $ 3).
According to the data at 5 pm, the price was $ 59.32, which is lower than the level of October 2017.
Northern oil is cheaper (WTI), which at that time was worth $ 50.95, losing more than 6% ($ 3.5) per day.
Azerbaijani oil is also rapidly becoming cheaper, dropping below $ 60.
Bloomberg notes that oil is getting cheaper due to the statements of Saudi Arabia, that production has reached record levels. According to the Minister of Energy Khalid al-Falih, the volume of overproduction is 10.7 million barrels. per day. -02D-
Energy
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We are already negotiating with a number of other European countries located near those who are already receiving our gas. I think this will be possible in the coming years, the President of Azerbaijan, Ilham Aliyev, stated in an interview with local television channels on January 7.
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The main indicator for us is the development of the non-oil sector, because recently we have faced a decline in oil production, the President of Azerbaijan, Ilham Aliyev, stated in an interview with local television channels on January 7.
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The State Oil Company of Azerbaijan (SOCAR), which had been operating at a loss for a long time and was constantly reliant on the state budget, is now operating profitably, the President of Azerbaijan, Ilham Aliyev, said in an interview with local television channels on January 7.
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The President of Azerbaijan, Ilham Aliyev, announced that in 2025, the country hopes to receive the first gas under the "deep" gas project (gas extraction from deeper layers) from the Azeri-Chirag-Gunashli (ACG) field. This year, we hope to receive the first gas as part of the "deep" gas project at the Azeri-Chirag-Gunashli field. This will be a significant contribution to overall gas production, said Aliyev in an interview with local television channels.
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