Oil & Gas

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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Azerbaijani oil prices down

The price of the AZERI LT CIF oil produced at Azeri-Chirag-Gunashli block of oil and gas fields amounted to $58.81 per barrel at Italian port of Augusta on Aug. 7, which is $3.51 less than on Aug. 6, a source in Azerbaijan's oil and gas market told Trend on Aug. 8.
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Azerbaijani oil prices down

The price of the AZERI LT CIF oil produced at Azeri-Chirag-Gunashli block of oil and gas fields amounted to $62.32 per barrel at Italian port of Augusta on Aug. 6, which is $0.63 less than on Aug. 5, a source in Azerbaijan's oil and gas market told Trend on Aug. 7.
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Azerbaijani oil prices keep decreasing

The price of the AZERI LT CIF oil produced at Azeri-Chirag-Gunashli block of oil and gas fields amounted to $62.95 per barrel at Italian port of Augusta on Aug. 5, which is $1.79 less than on Aug. 2, a source in Azerbaijan's oil and gas market told Trend on Aug. 6.
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Azerbaijani oil prices down

The price of the AZERI LT CIF oil produced at Azeri-Chirag-Gunashli block of oil and gas fields amounted to $64.74 per barrel at Italian port of Augusta on Aug. 2, which is $1.35 less than on Aug. 1, a source in Azerbaijan's oil and gas market told Trend on Aug. 5.
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