#oil
Latest news and interesting information about oil.
"Brent" Falls, "WTI" Rises
"Brent" Falls, "WTI" Rises. Latest update on global oil prices.
Iran signs oil and gas deals with Iraq, Pakistan
Iran signs oil and gas transportation agreements with Iraq and Pakistan via the Persian Gulf and Strait of Hormuz. Details on energy security.
SOCAR to open representative office in Uzbekistan
SOCAR to open representative office in Uzbekistan. Shavkat Mirziyoyev received SOCAR head. Cooperation in energy sector expands.
Ibrahim Ibrahimov gets new job
Ibrahim Ibrahimov appointed as Advisor to Chairman of State Statistics Committee. Details on his previous roles and education.
Iran Restores Access to 30 Underground Missile Bases
Iran restores access to 30 underground missile bases near Strait of Hormuz, raising concerns for US ships and tankers.
Azerbaijani oil gets more expensive
Azerbaijani oil price rises 4.93% to $115.93. "Azeri Light" crude becomes more expensive.
Moody's: SGC Minority Stake to Be Sold to XRG
Moody's affirms SGC's Baa3 rating, positive outlook; minority stake sale to XRG planned by 2026.
Oil prices rise nearly 4%
Middle East tensions push oil prices up. Brent at $108.01, WTI at $101.83 per barrel.
UK political crisis: Two resignations in one day against Starmer
UK political crisis: Two resignations in one day against Prime Minister Keir Starmer amid growing Labour Party tensions.
Baku Traffic Jams – May 12, 2026
List of congested streets in Baku on May 12, 2026 morning – NIIM data.
Azerbaijani oil reaches Japan
First batch of Azerbaijani oil delivered to Japan. ENEOS buys 283,000 barrels. Supply diversification amid Hormuz blockade.
Ilham Aliyev Highlights Zangezur Corridor at European Political Summit: Peace is Now a Reality
President Ilham Aliyev highlighted the Zangezur Corridor at the European Political Community Summit, discussing peace progress and criticizing double standards.
OPEC+ Agrees to Boost Output by 188,000 bpd: A Move to Restore Market Confidence
OPEC+ agrees to raise oil output by 188,000 bpd in June, addressing supply worries after UAE exit and Iran conflict. Explore market impact and price trends.
Seven OPEC+ Nations Agree to Boost Oil Output: New Ceiling Set for June
Seven OPEC+ countries, including Saudi Arabia and Russia, agree to increase oil production limits by 188,000 bpd in June. Details on quotas and market impact.
Azerbaijan's non-oil exports reach record levels
Non-oil exports rose by 25% in the first quarter of 2026, reaching a new peak.
Ukraine Strikes Two Russian Oil Tankers Near Novorossiysk - Video
Ukrainian President Zelensky confirms strike on two Russian oil tankers near Novorossiysk port, part of efforts to enforce sanctions against Russia's shadow oil fleet.
Oil Prices Surpass $126: Brent Crude Hits New High Since March 2022
Brent crude oil prices exceeded $126 per barrel, the highest since March 2022, amid supply cuts and geopolitical tensions. Stay updated on oil market trends.
New Maritime Alliance: US Builds Global Coalition for Safety in the Strait of Hormuz
The US is forming a new coalition called the Maritime Freedom Construct to ensure freedom of navigation in the Strait of Hormuz. This international initiative aims to create a joint response mechanism against regional security threats.
Azeri Oil Surges Past $122: What's Driving the Rally?
Azeri Light crude oil price jumps to $122.32 per barrel. Learn about the reasons behind the 3.08% surge and its impact on Azerbaijan's economy.
Crisis in Europe: Airfare prices may rise and flights could be cancelled
Kerosene supply issues in Europe may lead to increased airfare prices and flight cancellations. Energy Commissioner Dan Jørgensen warns of a difficult summer ahead.
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