oil prices

Oil prices rise amidst U.S. sanctions against Iran

Oil price rose today amid reports that the U.S. restored sanctions against Iran, the world’s fifth-largest oil producer. Brent Oil Futures for October delivery rose 0.33% to $74 per barrel at 1:02AM ET (05:02 GMT), while Crude Oil …

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Urals price rises almost 40%

Average price of Russia’s Urals oil rose 39% to $69.43 per barrel in January-July, 2018 compared to the same period last year, the country's finance ministry said. It was reported that in July 2018 the price was $72.87 per …

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Azerbaijani oil prices increase

The price of the AZERI LT CIF oil amounted to $76.40 per barrel today, an increase of $0.22, novosti.az reported. At the same time, September Brent crude futures fell 25 cents (0.3%) to $74.72 a barrel by 0654 GMT after rising nearly 1% …

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Brent oil hits $75 per barrel

Brent crude oil is trading at over $75 per barrel for the first time since July 16, 2018. Today Brent oil reached a daily high of $75.03 per barrel (up by 0.36%). U.S. West Texas Intermediate (WTI) crude futures were up 0,73% …

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Russia to establish new OPEC

New OPEC-Russia organisation may start its work on 1 January 2019, Russian energy Minister Alexander Novak said today. The minister specified that it will retain the functions of regulating oil production and will …

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Brent slips as focus returns to oversupply

Global benchmark Brent crude dipped on Thursday as concerns about mounting supply returned after a brief rally earlier in the session on comments that Saudi Arabia’s exports would fall in August, Reuters reported. Crude prices …

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Azerbaijani oil prices up on July 13

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Guneshli block of oil and gas fields, amounted to $76.85 per barrel at the Italian port of Augusta on July 13, that is $2.1 more than on July 12, Trend reported citing a source in …

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