Oil & Gas

Crude prices continue to grow

World oil prices rise on Wednesday morning after the publication of the data of the American Petroleum Institute (API) on the reserves of “black gold” in the U.S., gaining a foothold on the record levels achieved the day before.
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Crude prices slightly rise

World oil prices fluctuate on Monday close to record values for many years due to a decrease in the number of drilling rigs in the U.S. However, the fears of increased production in the U.S. limit the level of prices.
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Azerbaijan reveals volume of oil output from its biggest offshore block

From the beginning of production at the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields in the Caspian Sea in November 1997 to December 1, 2017, 445 million tons of oil and 140 billion cubic meters of associated gas were produced, says an article by Khoshbakht Yusifzade, first vice-president of Azerbaijan’s state oil company SOCAR, published by the official "Respublika" newspaper.
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OPEC agreement may not extend to oil exports

Replacing the OPEC agreement on reduction of oil production with an agreement on reduction of oil exports has many theoretical obstacles to implementation, Oleg Yegorov, chief researcher with the Institute of Economics of Kazakhstan, an expert on energy issues, told Trend.
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