EIA raises Brent forecast to $105 for fourth quarter of 2026
The U.S. Energy Information Administration has raised its Brent crude price forecast for the fourth quarter of 2026 by $14 to $105 a barrel, citing...
Category : Energy
Tanker rates on Gulf-China route jump fivefold after US-Iran clash
Freight rates for supertankers hauling crude oil from the Persian Gulf to China have surged roughly fivefold since the US-Iran military clash, according to foreign...
Vitol CEO warns Europe’s oil reserves are running low
Russell Hardy, chief executive of the world's largest independent oil trader Vitol Group, says European countries' oil reserves are shrinking amid the war in the...
Chinese firm starts building three solar panel plants in Alat
China's Sichuan Sunsync Photovoltaic Technology has begun construction of three solar panel plants on 23 hectares in the Alat Free Economic Zone. The facilities are...
Aramco chief warns oil reserves falling to critical levels
Saudi Aramco Chief Executive Amin Nasser has warned that global reserve stockpiles meant to cushion oil supply disruptions have fallen to very low levels. He...
Interfax: Aliyev hails success of Baku-Berlin energy cooperation
President Ilham Aliyev said relations between Baku and Berlin have reached the stage of a strategic partnership, in a congratulatory message to German President Frank-Walter...
Interfax: Azerbaijan’s oil refining capacity reaches 30 million tonnes a year
Russia's Interfax news agency reports that Azerbaijan, through its own facilities and plants abroad, now has an annual oil refining capacity of 30 million tonnes,...
G7 nations to release 100 million barrels of oil reserves
The Group of Seven has agreed to release 100 million barrels of oil and oil products from reserves over four months in a bid to...
Azerishiq allocates $7.1 million to repair flood damage
Azerishiq JSC will spend 12.1 million manat to repair damage to its power grid caused by flash floods in Baku, Sumgayit and six other districts....