Bank Of Baku
Oil at two-month high with Chinese demand near pre-virus levels

Oil at two-month high with Chinese demand near pre-virus levels

# 19:13
18 May 2020
Azerbaijani oil price increased by more than 7% during week

Azerbaijani oil price increased by more than 7% during week

# 09:56
18 May 2020
Energy Minister Parviz Shahbazov: All capabilities mobilized for full implementation of Azerbaijan’s obligations

Energy Minister Parviz Shahbazov: All capabilities mobilized for full implementation of Azerbaijan’s obligations

# 11:44
15 May 2020
Turkey to suspend supply of Azerbaijani gas temporarily in September

Turkey to suspend supply of Azerbaijani gas temporarily in September

# 10:56
15 May 2020
Execution of OPEC+ agreement discussed at Azerbaijan's SOCAR

Execution of OPEC+ agreement discussed at Azerbaijan's SOCAR

# 09:24
15 May 2020
SOCAR: “No change considered at execution of “Absheron” project”

SOCAR: “No change considered at execution of “Absheron” project”

# 15:04
14 May 2020
TAP construction completed by 95%

TAP construction completed by 95%

# 14:18
14 May 2020
IEA still sees record 2020 oil demand fall but easing lockdowns helping

IEA still sees record 2020 oil demand fall but easing lockdowns helping

# 12:55
14 May 2020
Azerbaijan exports 745 mln. kW-hours of electricity this year

Azerbaijan exports 745 mln. kW-hours of electricity this year

# 11:37
14 May 2020
Azerbaijan increases gas export by 8%

Azerbaijan increases gas export by 8%

# 11:21
14 May 2020
Azerbaijan exports oil products worth $ 108 mln. this year

Azerbaijan exports oil products worth $ 108 mln. this year

# 11:19
14 May 2020
US oil reserves start to decrease for first time during last 4 months  - OFFICIAL

US oil reserves start to decrease for first time during last 4 months - OFFICIAL

# 09:50
14 May 2020
OPEC hasn’t changed its forecast for Azerbaijan

OPEC hasn’t changed its forecast for Azerbaijan

# 17:03
13 May 2020
OPEC+ countries cut oil export

OPEC+ countries cut oil export

# 16:20
13 May 2020
Meeting of OPEC+ ministerial monitoring committee to be held on June 8

Meeting of OPEC+ ministerial monitoring committee to be held on June 8

# 13:27
13 May 2020
Industrial production in Azerbaijan increases by 3%

Industrial production in Azerbaijan increases by 3%

# 13:10
13 May 2020
EIA: U.S. crude oil production to be less than 11 mln. barrels next year

EIA: U.S. crude oil production to be less than 11 mln. barrels next year

# 11:30
13 May 2020
EIA:  Global petroleum demand to decrease - FORECAST

EIA: Global petroleum demand to decrease - FORECAST

# 10:57
13 May 2020
Brent crude oil prices to average $34/b in 2020 - FORECAST

Brent crude oil prices to average $34/b in 2020 - FORECAST

# 09:56
13 May 2020
Oil falls on second wave outbreak fears, rise in U.S. inventories

Oil falls on second wave outbreak fears, rise in U.S. inventories

# 07:46
13 May 2020
Daily oil production in Azerbaijan for April amounted to 771,4 thousand barrels

Daily oil production in Azerbaijan for April amounted to 771,4 thousand barrels

# 18:01
12 May 2020
Sangachal terminal exported 66 mln. barrels of oil in first quarter of this year

Sangachal terminal exported 66 mln. barrels of oil in first quarter of this year

# 12:40
12 May 2020
Shah Deniz Alpha platform rig was on warm stack

Shah Deniz Alpha platform rig was on warm stack

# 12:18
12 May 2020
Daily average throughput of South Caucasus Pipeline increased by 12%

Daily average throughput of South Caucasus Pipeline increased by 12%

# 12:06
12 May 2020
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THE OPERATION IS BEING PERFORMED