Azerbaijan Oil & Gas Newswire

Azerbaijani oil price falls below $64

Baku, May 2, AZERTAC The price of Azeri Light crude oil fell by $1.37, or 2.1%, to settle at $63.76 per barrel. Azeri Light recorded its lowest price at $15.81 per barrel on April 21, 2020, and its highest at $149.66 in July 2008.

Azerbaijan Prioritizes Dev' Of All Energy Sources - Minister (PHOTO)

(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 2.​ In a recent address at the Istanbul Natural Resources Summit's ministerial session on "Shifting Dynamics in Securing Supply: Challenges and Opportunities", Azerbaijan's Energy Minister …

Azerbaijan's State Oil Fund acquires stake in Dubai-based private equity fund -

The State Oil Fund of Azerbaijan (SOFAZ) has acquired a stake in a private equity fund based in Dubai, SOFAZ said in response to APA-Economics' inquiry. In the first quarter of 2025, the Fund acquired a €20 million stake in the private equity fund …

EBRD and Unibank relaunch partnership to expand MSME finance in Azerbaijan

(Credit: Unsplash) This article is brought to you in association with EBRD. EBRD lending up to US$ 10 million to Unibank in Azerbaijan in local currency Proceeds will be lent on to local micro, small and medium-sized enterprises Loan agreement marks …

COP29 president Azerbaijan will submit delayed climate plan by September

Azerbaijan, host of last year's United Nations climate summit, will deliver its overdue climate action plan by September, COP29 President Mukhtar Babayev told Reuters on Thursday, adding the oil-producing country was advancing its green energy …

Azeri Light oil price drops

In the world markets, the price of Azerbaijani oil of the Azeri Light (CIF) brand has decreased, APA-Economics reports. The price of one barrel of Azerbaijani oil decreased by USD 1.37 or 2.1%, amounting to USD 63.76. Note that the previous price of …

IMF: Price of Azerbaijani oil to remain above $70 until 2031

The International Monetary Fund (IMF) has released its forecast for the price of Azerbaijan’s Azeri Light crude oil, APA-Economis reports. The IMF projects the average annual price of Azerbaijani oil to be $78.6 in 2025 and $73.5 in 2026. The Fund expects …

Azerbaijani oil prices slightly fall

The price of Azeri Light (CIF) branded Azerbaijani oil has decreased on world markets, APA-Economics reports. The price of one barrel of Azerbaijani oil dropped by USD 1.13 or 1.71%, amounting to USD 65.13. It should be noted that the previous price of …

World Bank forecasts crude slide: oil exporters face fiscal reckoning

World Bank forecasts crude slide: oil exporters face fiscal reckoning 2 May 2025 16:58 (UTC+04:00) By historical standards, a Brent crude price of $64 per barrel might not sound alarming. But when seen through the lens of recent trends and the broader …

Azerbaijani oil price falls below $66

Baku, May 1, AZERTAC The price of Azeri Light crude oil dropped by $1.13 (1.71%), settling at $65.13 per barrel. The lowest recorded price for Azeri Light was $15.81 per barrel on April 21, 2020, while its highest reached $149.66 per barrel in July 2008.  

Azerbaijani oil prices slightly fall

Equinor sells 60% of Brazil's Peregrino oil field to Prio at $3.5 billion

Equinor announced on Friday that it's Brazil unit had agreed to sell to PRIO SA a 60% interest in the Peregrino Oil Field for up to $3.5 Billion. Prio will pay Equinor a base amount of $3.35billion, plus additional interest payments up to $150m. It …

Azeri Light oil price drops

bp’s strong Q1 signals Azerbaijan’s enduring role in global energy strategy

bp has opened 2025 with robust operational momentum across its key assets in Azerbaijan, reaffirming its long-term commitment to the region even amid volatile global oil markets, trade wars, and energy transition challenges. The company’s first-quarter …

Azerbaijani Oil Drops In Price

(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 1.​ The price of Azerbaijan's Azeri Light crude oil on a CIF basis in the Italian port of Augusta on April 30 decreased by $1.13 (1.71 percent) compared to the previous rate, now sitting at $65.13 per …

Azeri Light crude falls amid broader market decline

Azeri Light crude falls amid broader market decline 2 May 2025 10:44 (UTC+04:00) The price of Azerbaijan's "Azeri Light" crude oil fell by 2.1% at Italy’s Augusta port, settling at $63.76 per barrel on a CIF (Cost, Insurance, and Freight) …

Azerbaijan and the People’s Republic of China Announce Comprehensive Strategic Partnership

Executive Summary: On April 22, Azerbaijani President Ilham Aliyev conducted a state visit to the People’s Republic of China (PRC) to strengthen Azerbaijan’s role as a transit hub between the PRC, Central Asia, and Europe and expand the Azerbaijan-PRC …

Monira al Qadiri’s brooding and buoyant vision of oil comes to Helsinki

Framed in the window of the Museum of Contemporary Art Kiasma, which forms part of the Finnish National Gallery in Helsinki, is a tremendous fuchsia inflatable that beckons visitors across the Töölö Bay. Benzene Float (Kekulene) (2023) looks like it …

Reception marking Azerbaijan-UK economic cooperation held in London

London, May 1, AZERTAC A reception dedicated to Azerbaijan-UK economic cooperation was held at the Azerbaijani Embassy in the United Kingdom. The event brought together representatives of the British government, business and diplomatic circles, as well as …

CloudOffix to Exhibit at GITEX EUROPE 2025 in Berlin, Showcasing the Future of Total AI, Low-Code, and Total Experience

CloudOffix to Exhibit at GITEX EUROPE 2025 in Berlin, Showcasing the Future of Total AI, Low-Code, and Total Experience CLAYMONT, DE, UNITED STATES, May 3, 2025 /⁨EINPresswire.com⁩/ -- CloudOffix, the world’s first and most comprehensive Low-Code …

CloudOffix Launches AI Workshop Series to Empower Enterprises with Total AI

CloudOffix Launches AI Workshop Series to Empower Enterprises with Total AI CLAYMONT, DE, UNITED STATES, May 3, 2025 /⁨EINPresswire.com⁩/ -- CloudOffix, the world’s first and only low-code Total Experience Platform, proudly announces the launch of …

Splash Tents, Inc. Launches New Line of ARC Tents for Experiential Event Use Nationwide

Splash Tents, Inc. Launches Revolutionary ARC Tents — A Striking Blend of Elegance, Simplicity, and Strength Taking the Event World by Storm. FRANKLIN SPRINGS, GA, UNITED STATES, May 2, 2025 /⁨EINPresswire.com⁩/ -- Splash Tents, Inc., an industry …

Uranium Spot Price Climbs on Renewed Market Activity

Buyers returned to the uranium market in April, after gaining clarity on the exemption of uranium under new US tariffs. ENGLEWOOD, CO, UNITED STATES, May 2, 2025 /⁨EINPresswire.com⁩/ -- Buyers returned to the uranium market in April, after gaining …

This NYC Startup Is Working To Make EV Charging as Easy as Charging A Phone

This Jeff Bezos-backed company is developing certified wireless EV charging technology now being adopted by major global automakers. NEW YORK, NY, UNITED STATES, May 2, 2025 /⁨EINPresswire.com⁩/ -- HEVO Inc., the first and only company to receive …

EIN Presswire’s Debut Edition of ‘Heard on the Streets': PR Expert Clears Up Important PR Misconception

Sherrie Handrinos discusses how to earn media coverage and the key differences between earned PR and paid placement WASHINGTON, DC, UNITED STATES, May 2, 2025 /⁨EINPresswire.com⁩/ -- In the debut edition of “Heard on the Streets,” a new series on …

SABR Coalition Commends Reintroduction of Biodiesel Blenders Tax Credit in US House of Representatives

The biodiesel group and its members urge Congress to include the two-year BTC extension in the budget-reconciliation process. JEFFERSON CITY, MO, UNITED STATES, May 2, 2025 /⁨EINPresswire.com⁩/ -- The Sustainable Advanced Biofuel Refiners (SABR) …

Kitchener’s HVAC Company, Able Air Conditioning & Heating Inc. Celebrates Winning The 2025 ThreeBestRated® Trophy

KITCHENER, ONTARIO, CANADA, May 2, 2025 /⁨EINPresswire.com⁩/ -- HVAC is directly related to comfort. In the busy city of Kitchener, the importance of a good HVAC system can never be overstated, as its unpredictable climate demands a reliable …

Hydrogen Compressor Market estimated to reach US$5.303 billion by 2030 at a CAGR of 6.15%

The hydrogen compressor market is anticipated to grow at a CAGR of 6.15% from US$3.934 billion in 2025 to US$5.303 billion by 2030. NEW YORK, NY, UNITED STATES, May 2, 2025 /⁨EINPresswire.com⁩/ -- According to a new study published by Knowledge …

MEA Energy Association Launches Utility Leadership Accelerator Program – Manager Edition

Empowering Mid-Level Utility Leaders Through Targeted, Industry-Specific Development BLOOMINGTON, MN, UNITED STATES, May 2, 2025 /⁨EINPresswire.com⁩/ -- MEA Energy Association (MEA) is proud to announce the launch of its new Utility Leadership …

Business Awards UK 2025 Clean Energy Awards: Powering Progress in Renewables

DONCASTER, UNITED KINGDOM, May 2, 2025 /⁨EINPresswire.com⁩/ -- Business Awards UK is pleased to announce the winners and finalists of the 2025 Clean Energy Awards, recognising outstanding contributions across the UK’s clean and renewable energy …

TurnOnGreen, Inc. Reports Strong Electric Vehicle Charging Network Growth in 2024

MILPITAS, Calif., May 02, 2025 (GLOBE NEWSWIRE) -- TurnOnGreen, Inc. (OTC:TOGI) (“TurnOnGreen” or the “Company”), a developer and provider of electric vehicle (“EV”) charging solutions and mission-critical power electronics products, today announced …

Brookfield Renewable Announces Strong First Quarter Results

All amounts in U.S. dollars unless otherwise indicated BROOKFIELD, News, May 02, 2025 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“Brookfield Renewable Partners”, "BEP") today reported financial results for …

Water On Demand Featured in Upcoming TV Series 'The Raise'

Highlighting creative solution to trillion-dollar water deficit CLEARWATER, FL, UNITED STATES, May 1, 2025 /⁨EINPresswire.com⁩/ -- Water On Demand Inc. (WODI), a fintech-focused company turning water systems into tax-leveraged assets, and American …

PV-Carport-Lösungen mit smarter Parkplatzverwaltung: Gorfion Green Energy und EnoPark starten strategische Partnerschaft

Kunden von Gorfion Green Energy und EnoPark können PV-Carports inklusive intelligenter Parkplatzmanagement-Software ohne Eigeninvestitionen realisieren. KONSTANZ, GERMANY, May 1, 2025 /⁨EINPresswire.com⁩/ -- Die Gorfion Green Energy und das …

PteroDynamics Exhibits at SOF Week 2025 Annual Conference for Special Operations Forces

COLORADO SPRINGS, CO, UNITED STATES, May 1, 2025 /⁨EINPresswire.com⁩/ -- PteroDynamics Inc., an innovator in autonomous vertical takeoff and landing (VTOL) aircraft systems, today announced that it is exhibiting at SOF Week 2025, the annual convention for …

Klean Industries Secures Global Patent Protection for End-of-Life Tire Pyrolysis Technology

International PCT Patent Reinforces Klean’s Leadership in Advanced Resource Recovery NEW YORK, NY, UNITED STATES, May 1, 2025 /⁨EINPresswire.com⁩/ -- Klean Industries Inc. (“Klean”), a global leader in tire pyrolysis and circular economy solutions …

Edo Collaborates with Piclo to Bring Commercial Buildings into Connecticut Flexibility Marketplace

Edo and Piclo partner to bring flexible load from commercial buildings into Connecticut demand flexibility program. SEATTLE, WA, UNITED STATES, May 1, 2025 /⁨EINPresswire.com⁩/ -- Edo, a leader in demand flexibility and building energy …

Pando Electric Awarded $5.4 Million CEC Grant to Expand Multifamily Housing EV Charging Across California

Pando Electric wins $5.4M CEC grant to install 1,600+ EV chargers, bringing affordable, reliable charging to multifamily homes across California. SAN JOSE, CA, UNITED STATES, May 1, 2025 /⁨EINPresswire.com⁩/ -- Pando Electric, the fastest-growing …

Grimes Carbon Tech Says U.S. Can Produce Enough Rare Earths to Exceed Demand for the Next 1,000 Years

GCT to preview its proprietary technology on May 21, 2025 at 10 am EDT (GMT-4) NEW YORK, NY, UNITED STATES, May 1, 2025 /⁨EINPresswire.com⁩/ -- Green energy start-up, Grimes Carbon Tech (GCT) will preview its proprietary technology for turning existing …