Energy - 2024
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OPEC+ countries have agreed to maintain oil production at 39.7 million barrels per day until the end of 2026, Azerbaijan's Energy Minister Parviz Shahbazov wrote on his social media account "X." "Acco...
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Georgia is not only a "window" for Azerbaijan into Western markets but also a key link in the developing "East-West" transport corridor. Since gaining independence, the two countries have effectively...
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The State Oil Company of Azerbaijan (SOCAR) and Yokogawa Electric have signed a Memorandum of Understanding, SOCAR’s press service.
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The bilateral trade turnover between Kazakhstan and China reached a record $36.5 billion in the first 10 months of 2024. This represents an 11% increase compared to the same period in 2023, this was a...
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To improve living standards in developing countries, global oil production needs to increase nearly twofold, according to Igor Sechin, CEO of Rosneft. He noted that over the past 20 years, global ener...
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Equinor UK, a subsidiary of Norwegian Equinor ASA, and Shell UK, a subsidiary of Shell, will combine their British oil and gas assets in a joint venture to create the largest independent oil and gas p...
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OPEC+ has postponed its planned increase in oil production until April to avoid destabilizing the oil market during the winter period of lower demand, stated Russian Deputy Prime Minister Alexander No...
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OPEC+ participants have noted a stable situation on the global oil market, largely thanks to their efforts to limit production, Russian Deputy Prime Minister Alexander Novak said in an interview with...
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Commercial oil reserves in the US decreased by 5.07 million barrels last week, reaching 423.38 million barrels, according to the US Department of Energy's weekly report. Gasoline inventories increased...








