Oil & Gas

Crude prices drop

World oil prices decline on August 1, investors negatively apprehended data from the American Petroleum Institute (API) about the unexpected increase in oil reserves in the U.S. over the past week.
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Azerbaijani oil prices down on July 31

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Guneshli block of oil and gas fields, amounted to $75.75 per barrel at the Italian port of Augusta on July 31, that is $0.65 less than on July 30, a source in Azerbaijan’s oil and gas market told Trend Aug. 1.
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Azerbaijani oil prices up on July 30

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Guneshli block of oil and gas fields, amounted to $76.4 per barrel at the Italian port of Augusta on July 30, that is $0.33 more than on July 27, a source in Azerbaijan’s oil and gas market told Trend July 31.
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Discussions on TAP in Washington show Trump’s special attention towards Baku – Peter Tase

The discussions held between the US President Donald Trump and Italian Prime Minister Giuseppe Conte in Washington on the Trans Adriatic Pipeline (TAP) show Trump’s special attention towards Baku, Peter Tase, US expert on Global Politics and Transatlantic Relations, an adviser to Global Engineering Deans Council and other prestigious International Institutions told Trend July 31.
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Azerbaijani oil prices up on July 26

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Guneshli block of oil and gas fields, amounted to $76.07 per barrel at the Italian port of Augusta on July 26, that is $0.7 more than on July 25, a source in Azerbaijan’s oil and gas market told Trend July 27.
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Oil markets ease after three days of gains

Oil prices edged lower on Friday in quiet trading after three days of gains, but took support from Saudi Arabia halting crude transport through a key shipping lane, falling U.S. inventories and easing trade tensions between Washington and Europe, Reuters reports.
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