Energy - 2020
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Baku/24.04.20/ Turan: As a result of trading on European hubs on Wednesday, April 22, gas was cheaper than in Russia, even without taking into account the 30 percent export duty and transportation cos...
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Baku/24.04.20/ Turan: The World Bank predicts the average oil price in 2020 at $ 35 per barrel, TASS writes.In October, the World Bank believed that the average price would set at $ 58 per barrel.Also...
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Baku/24.04.20/ Turan: Kuwait has already begun to reduce its oil supplies to foreign markets, without waiting for the start of next month, the Kuwait news agency KUNA reports with reference to the cou...
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Baku/24.04.20/ Turan: Supplies of Russian oil by sea to European countries in May can fall by almost 0.9 million barrels per day. This is half the quota for which Russia should reduce production (1.8...
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Baku/24.04.20/ Turan: The decrease in oil production by the OPEC + countries compared with the level of QI of 2020 - from the moment when the collapse in oil demand began due to the COVID-19 pandemic...
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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: 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: 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: 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: 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: 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: 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...















