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Azerbaijan’s natgas exports up by 28%

Azerbaijan’s natural gas exports showed a 28 percent increase year-on-year rising from 8.030 billion standard cubic meters in 2017 to 10.276 billion standard cubic meters in 2018, Trend reports citing OPEC Annual Statistical Bulletin.

read more... 13/06/2019

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Azerbaijan increases oil production in May, fulfills OPEC obligations

Azerbaijan increased oil production from 683,000 barrels per day in April to 776,000 barrels per day in May, while the country fulfils its obligations under the OPEC + deal, Trendreports referring to the Azerbaijani Energy Ministry.

read more... 12/06/2019

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Daily (10.06.2019): Oil prices climbed by over 2.5% on Friday, due to low rig counts and OPEC-led supply cuts extension

Oil prices rebounded on Friday, as U.S. recorded the lowest oil rig count in six months and energy firms focus more on earning growth instead of increasing output. Moreover, oil prices were supported by Saudi Arabia claims that OPEC is close to agreeing a further extension of supply cuts. As a result, Brent crude settled 2.5% up at 63.29$ a barrel, while WTI futures climbed by 2.7% to 53.99$ a barrel.

read more... 10/06/2019

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Daily (28.05.2019): Brent crude climbed by 2.1% on Monday, due to ongoing tensions in the Middle East and OPEC-led supply cuts

Oil prices extended gains on Monday, supported by ongoing tensions in the Middle East and OPEC-led supply cuts. Brent crude surged by 2.1% to $70.11 a barrel, while WTI futures increased by 0.9% to $59.13 a barrel.

read more... 28/05/2019

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Daily (23.05.2019): European carbon prices spiked by nearly 4% on Wednesday, on looming tight supply and higher gas prices

Crude oil prices dropped on Wednesday, after data showed that U.S. crude inventories surged unexpectedly amplifying concerns over a weaker oil demand raised by the lengthy U.S.-China tariff dispute. WTI futures closed 2.7% lower at 61.42 USD/bbl, in tandem with falling equities. On the other side, rising tensions between Washington and Iran coupled with OPEC’s intentions to continue output cuts helped limit the fall in prices. As a result, Brent crude price dropped by 1.7% to 70.99 USD/bbl.

read more... 23/05/2019

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