Oil & Gas

Azerbaijani oil prices up

The price of the AZERI LT CIF oil produced at Azeri-Chirag-Gunashli block of oil and gas fields amounted to $61.91 per barrel at Italian port of Augusta on Aug. 16, which is $0.47 more than on Aug. 15, a source in Azerbaijan's oil and gas market told Trend on Aug. 17.
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Azerbaijani oil prices up

The price of the AZERI LT CIF oil produced at Azeri-Chirag-Gunashli block of oil and gas fields amounted to $61.81 per barrel at Italian port of Augusta on Aug. 14, which is $1.65 more than on Aug. 13, a source in Azerbaijan's oil and gas market told Trend on Aug. 15.
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Oil production grows

Last year, the new OPEC+ deal was concluded, in which the countries of the cartel cut production by 800,000 barrels per day, and non-OPEC countries - by 400,000 per day. Following the meeting of the ministers of OPEC and non-OPEC in Vienna this July, the agreement on limiting oil production was extended until the end of the first quarter of 2020.
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