Energy - 2020
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This year marks 10 years since the discovery of the Umid gas condensate field in the Azerbaijani sector of the Caspian with reserves of over 200 billion cubic meters (bcm) of gas and about 30-40 milli...
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Several OPEC + member countries, including Azerbaijan, held a small video conference on April 21 to discuss the situation on the oil market.Saudi Arabia and Russia, which lead the OPEC + alliance, did...
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Baku/22.04.20/ Turan: Several ministers of OPEC + countries held an unofficial video conference to discuss the "current dramatic situation in the oil market," OPEC reports on its Twitter page.The init...
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Baku/22.04.20/ Turan: The production association (PA) Azerkimya (chemical industry department of the State Oil Company of Azerbaijan), due to the spread of the Corona Virus COVID-19, resumed productio...
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Baku/22.04.20/ Turan: On April 20, 2010, an explosion occurred at the BP Deepwater Horizon oil platform in the Gulf of Mexico, 80 kilometers from the coast of Louisiana (USA), which killed 11 people a...
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Baku/22.04.20/ Turan: American Halliburton Co., the second largest oilfield services company in the world and the largest supplier of equipment for the oil industry in the USA, recorded a net loss in...
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Baku/22.04.20/ Turan: The price of June WTI oil futures fell below $ 7 per barrel.The value of these contracts during trading on the New York Mercantile Exchange (NYMEX) on Tuesday fell to $ 6.5 per b...
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Baku/22.04.20/ Turan: About 160 million barrels of oil are currently stored in tankers at sea, which is a record historical figure, Amra Kataya, the head of Landmark Marine headquartered in Cairo, sai...
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Baku/22.04.20/ Turan: A new week of the Corona Virus crisis has opened Europe new minimum gas price levels. Most of all gas fell in price in the UK.The price for delivery on Tuesday at the British Nat...
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Baku/22.04.20/ Turan: US President Donald Trump said yesterday that he had instructed the heads of the Treasury and the Department of Energy to develop a plan to support US oil companies."We will neve...
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Baku/22.04.20/ Turan: On Monday April 20, the price of WTI American oil fell by more than $ 55. This is the first time since 1983, when oil futures began to be traded on the stock exchange.The New Yor...
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Baku / 22.04.20 / Turan: The cost of a barrel of Brent crude oil fell below $ 16 at the London Stock Exchange on the morning of April 22, reaching $ 15.99.Brent was last traded for less than $ 16 per...











