The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $73.43 per barrel at the Italian port of Augusta on Aug. 20

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $75.60 per barrel at the Italian port of Augusta on Aug. 22, or $1.75 more than on Aug. 21

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $76.15 per barrel at the Italian port of Augusta on Aug. 23, or $0.55 more than on Aug. 22

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $77.51 per barrel at the Italian port of Augusta

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $78.15 per barrel at the Italian port of Augusta on Aug. 28

Uzbek oil-gas company Uzbekneftegaz is implementing four projects aimed at increasing production capacities of liquefied gas

Trend News Agency is a leading news provider from the Caucasus, Caspian and Central Asian regions. Latest news from Azerbaijan, Georgia, Kazakhstan, Turkmenistan, Uzbekistan, Iran and Turkey.

The Kyzylorda region of Kazakhstan is considering the possibility of increasing the share of the exported oil from 20 to 50 percent.

Iranian Deputy Foreign Minister Abbas Araqchi said Europe is seeking to open special bank accounts for Iran to secure its oil exports and ease repatriation revenues.

Currently, there are two main trends affecting the global oil market, Spencer Welch, director of the oil markets and downstream team in the London-based IHS Markit told Trend.

The International Energy Agency (IEA) doesn’t rule out further growth in oil prices until the end of the year.

According to secondary sources, total OPEC-15 crude oil production averaged 32.56 million barrels per day (mb/d) in August, an increase of 278,000 b/d over the previous month.

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $81.5 per barrel at the Italian port of Augusta on Sept. 12, or $1.21 more than on Sept. 11

Trend News Agency is a leading news provider from the Caucasus, Caspian and Central Asian regions. Latest news from Azerbaijan, Georgia, Kazakhstan, Turkmenistan, Uzbekistan, Iran and Turkey.

Further increase of oil prices to $100 per barrel would not be a huge change, UK-based Capital Economics consulting company said in its report obtained by Trend.

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $86.49 per barrel at the Italian port of Augusta on October 9

Iranian barrels are declining fast, and Saudi Arabia’s promise to balance the market will face a reality check in a month’s time, the US JP Morgan Bank said in its report obtained by Trend.

Turkmen President Gurbanguly Berdimuhamedov met Minister of Trade and Investment of Saudi Arabia Majid bin Abdullah Al Qasabi, the Turkmen Altyn Asyr TV channel reported.

The price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Gunashli block of oil and gas fields, amounted to $80.95 per barrel at the Italian port of Augusta on Oct. 19

The outlook on Brent oil is broadly bullish, driven by rising constraints on the supply side, according to the report of Fitch Solutions Macro Research (a unit of Fitch Group)