Energy - 2024
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For the first time, an Azerbaijani company has used the Northern Sea Route (NSR) to ship oil to the People's Republic of China. Until now, the NSR route to China had been dominated by vessels from the...
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The State Oil Company of Azerbaijan (SOCAR) and Russian PJSC "Tatneft" plan to establish a joint venture for the production of lubricants. "SOCAR and Tatneft plan to create a joint venture for the pro...
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Kazakhstan aims to boost its oil production to 104.8 million tons by 2029, announced National Economy Minister Nurlan Baibazarov at a government meeting yesterday. "The volume of oil production will i...
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At a briefing following a government meeting, Timur Zhantikin, CEO of Kazakh Atomic Energy Stations JSC, revealed that the capital costs for constructing a nuclear power plant in Kazakhstan could rang...
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Turkmen President Serdar Berdymukhamedov met yesterday with the Chairman of the Board of “Dragon Oil” (UAE), Sayid Al Tayyer. According to the official newspaper "Neutral Turkmenistan," the meeting fo...
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ExxonMobil Corp. anticipates that global oil demand will remain at current levels until 2050. Demand is expected to stay above 100 million barrels per day (bpd), according to ExxonMobil's annual “Glob...
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October Brent crude futures on the London ICE Futures exchange closed yesterday at $79.67 per barrel, marking a 2% decline in a single day. October WTI crude futures on the New York Mercantile Exchang...
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The volume of gas in European underground storage facilities (UGS) has exceeded 91.5% of capacity but lags behind the record levels of 2023, when UGS facilities were filled to just over 92%. As of Aug...







