oil prices

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 …

Oil prices rise on Norway strike

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike today after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher. Norway is Western …

ACRA: more anti-Russian sanctions are key risk

The possibility of more Western sanctions against Moscow is the key risk for the Russian economy, as much as 21% of which has already felt the impact of existing sanctions, Russia's Analytical Credit Ratings Agency said in a report. …

Iran eyes private oil exports to help beat U.S. sanctions

Iran will allow private companies to export crude oil, part of a strategy to counter U.S. sanctions, and is urging fellow OPEC members, including regional rival Saudi Arabia, not to break output agreements, state media and officials said on …

Urals average price rises almost 40%

Average price of Russia’s Urals oil rose 36.8% to $68.83 per barrel in January-June, 2018 compared to the same period last year, the country's finance ministry said. In January-June, 2017, the average price of Urals was $50.3 …