Oil prices edged down on Monday as traders took profits, with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June, Trend reports with reference to Reuters.

The potential of bilateral energy cooperation between Azerbaijan and Ukraine is far from exhausted, Sergey Shteluk, economic adviser at Ukrainian embassy in Baku, told Trend.

Oil prices fell nearly 1% on Monday as traders hedged bets with the Organization of the Petroleum Exporting Countries (OPEC) considering meeting as soon as this week to discuss whether to extend record production cuts beyond end-June, Trend reports citing Reuters.

Azerbaijan exported 2.7 billion cubic meters of gas from Shah Deniz field to Turkey in the first quarter of 2020, which is 20.5 percent more than in the same period last year, the Energy Market Regulatory Authority of Turkey has reported.

Netherlands and Azerbaijan are exploring possibilities of cooperation in the renewable energy sphere, outgoing Ambassador of the Netherlands to Azerbaijan Onno Kervers told Trend.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $37.14 per barrel on May 29, which is $1.3 more compared to the previous price, Trend reports with reference to the source from the country's oil and gas market.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, reached $35.84 per barrel on May 28, which is 71 cents more compared to previous price, Trend reports with reference to the source from the country's oil and gas market.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, reached $35.13 per barrel on May 27, which is 87 cents less compared to the previous price, Trend reports with reference to the source from the country's oil and gas market.

Azerbaijan has taken 44th position in the Energy Transition Index (ETI) in the Davos Economic Forum's report, showing the highest result among the CIS countries, Trend reports.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, reached $36 per barrel on May 27, which is 91 cents more compared to previous price, Trend reports with reference to the source from the country's oil and gas market.

Oil prices will not recover to pre-coronavirus levels as quickly as they fell, Head of Oil Markets at Rystad Energy Bjornar Tonhaugen said, Trend reports.

The price of Azeri Light, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) oil field, amounted to $35.84 per barrel last week (on May 18–22), which is $4.67 more (14.9 percent) compared to the previous indicator, Trend reports.

Oil demand is now projected to drop by 10.8 percent for 2020, or 10.7 million barrels per day (bpd) year-on-year, Trend reports citing Rystad Energy.

The volume of the US investments in the Azerbaijani economy has reached $14 billion, of which $12.8 billion relates to the oil and gas industry, Trend reports referring to Azerbaijani Economy Minister Mikayil Jabbarov.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $35.09 per barrel on May 22, which is $1.31 less compared to the previous price, Trend reports with reference to the source from the country's oil and gas market.

The volume of investments in Azerbaijan’s oil and gas sector increased by 18.8 percent year-on-year in the period between January and April, amounting to 1.1bn dollars, the State Statistics Committee told local media on May 22.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $36.4 per barrel on May 21, which is 29 cents more compared to previous price, Trend reports with reference to the source from the country's oil and gas market.

Oil prices fell on Friday after China failed to set an economic growth target for 2020, sparking concerns that the fallout from the coronavirus pandemic will cap fuel demand in the world’s second-largest oil user, Trend reports with reference to Reuters.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $36.11 per barrel on May 20, which is $1.14 more compared to the previous price, Trend reports with reference to the source from the country's oil and gas market.

Azerbaijan increased the volume of the gas production by 15 percent or 1.8 billion cubic meters in the first four months of 2020 compared to the same period in 2019, press-service of the Ministry of Energy reported on May 21.

Oil prices advanced on Thursday as a drawdown of U.S. crude inventories and output cuts by major producers helped ease concerns about a supply glut, though lingering fears over the global economic fallout from the COVID-19 pandemic capped gains, Trend reports with reference to Reuters.

Additions of renewable electricity capacity will decline by 13 percent in 2020 compared with 2019, the first downward trend since 2000, Trend reports with reference to the International Energy Agency (IEA).

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, amounted to $34.97 per barrel on May 19, which is $1.65 less compared to previous price, Trend reports with reference to the source from the country's oil and gas market.

Oil prices rose for a fourth straight session on Tuesday amid signs that producers are cutting output as promised just as demand picks up, stoked by more countries easing out of curbs imposed to counter the coronavirus pandemic, Trend reports with reference to Reuters.

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) oil field, amounted to $36.62 per barrel on May 18, which is $4.35 more compared to May 17, Trend reports on May 19 with reference to the source from the country's oil and gas market.