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Oil price falls ahead of OPEC meeting

The price of oil has fallen as OPEC oil producers prepare for their meeting on Thursday and data showed crude stocks rose last week. Inventories of commercial US crude oil increased by 1.9 million barrels […]

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Russia offers to create International Oil Market Council

An International Oil Market Council should be created, Igor Sechin, chief executive of Rosneft, Russia’s largest oil producer, said in an interview with an Austrian Die Presse newspaper.

“International Energy Agency and the Secretariat of the […]

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European Commission vice-president to discuss Southern Gas Corridor in Azerbaijan

The vice-president of the European Commission for Energy Union Maroš Šefčovič is on a visit to Azerbaijan, the EU representative office in Azerbaijan.

During the visit Šefčovič will hold meetings with the Azerbaijani leadership and officials […]

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BP resumes operations on Central Azeri platform in Azerbaijan

BP, an operator developing the block of the Azeri-Chirag-Guneshli fields, launched the “Central Azeri” platform. It was stopped earlier for scheduled preventive maintenance, the company said Nov. 28.

“All planned work has been completed,” the company […]

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