BAKU Oil major BP and Azerbaijan's state energy company SOCAR signed an agreement on Friday to build a new exploration platform for the South Caucasus nation's three major oilfields, BP-Azerbaijan said in a statement.
* Fitch sees oil prices falling in 2020 to $62.5 from $65 in
BAKU Venezuela has suspended its oil exports to India and views Russia and China as its main export destinations, the Azeri energy ministry said on Tuesday, citing Venezuela's oil minister.
BAKU Oil producer group OPEC on Monday scrapped its planned meeting in April and will decide instead whether to extend output cuts in June, once the market has assessed the impact of U.S. sanctions on Iran and the crisis in Venezuela. | Video
BAKU Saudi Arabia said on Sunday OPEC's job in rebalancing the oil market was far from done as global inventories were still rising despite harsh U.S. sanctions on Iran and Venezuela, signaling it may need to expand output cuts into the second half of 2019.
BAKU The investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow, OPEC Secretary General Mohammed Barkindo said.
BAKU/MOSCOW World Anti-Doping Agency (WADA) President Sir Craig Reedie said on Thursday he was confident Russia would not miss a year-end deadline to hand over data from its suspended laboratory, a condition for its anti-doping agency (RUSADA) to stay accredited.
BAKU, Nov 9 Azeri state energy company SOCAR
plans to supply its new refinery in Turkey with oil from
different producers in Europe, the Black Sea region and the
Gulf, the head of SOCAR's trading arm said in an interview.
BAKU, Oct 30 Azerbaijan's central bank lowered
its key interest rate to 9.75 percent from 10 percent on Tuesday
after inflation fell sharply, its fourth cut this year, and
Governor Elman Rustamov said borrowing costs may fall further in
BAKU The global oil industry should ramp up investment to ensure it can cope with future consumption growth and avoid supply shortages, OPEC Secretary-General Mohammad Barkindo told a conference in Baku.