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During the day, the downside potential prevailed on the oil market. Prices are located just below the important short-term supports ($ 60.90 per barrel for Brent and $ 52.60 for WTI). The report of the American Petroleum Institute played a decrease in oil prices, which showed an

On December 14, Turkmenistan celebrated the Day of Oil and Gas and Geology Personnel. Having enormous natural reserves, Turkmenistan is highly regarded in the world as major energy resource producer. The natural resources are used for the interest of entire humankind. This is vis...

Brent crude prices turned up. At the ICE exchange trade in London, Crude Oil Futures February 2019 price has risen by almost 5% to reach $62.37/barrel. Oil quotes are rising amid news that Russia and Saudi Arabia agreed to extend into 2019 their deal to manage the oil market, ...

Nury AMANOV

Oil prices rose on Wednesday though traders anticipated a tighter market due to multiple negative factors for price increases. According to media, Saudi Arabia, which leads the OPEC oil cartel, and Russia, the biggest oil producer outside the group, met in Algie...

Researchers at the University of Manchester have found several ways to use graphene to extend the life of pipe systems in the oil and gas industry. In general, the pipes used in hydrocarbon production are made of internal layers of polymer or composite and externally reinforce...

It seems that the long-standing dispute on what is best oil or natural gas has come to an end. The G20 energy ministers at the meeting in Argentina adopted a communiqué stating that the role of natural gas as an environmentally friendly fuel will continue to grow in the future.

The volumes of oil transit from Turkmenistan and Kazakhstan via the Baku-Tbilisi-Ceyhan main export pipeline of Azerbaijan will increase over the next 3-7 years. The statement came from Tariel Mirzoev, head of the strategic development and investment projects department of the Az...

After the decline in the number of oil rigs in the US, crude oil prices showed gains, although sluggish. Thus, as of April 2, June futures contract for Brent Crude Oil traded at $69.75 per barrel, and came close to $70.00 per barrel. The number of oil rigs in the U.S. decli...

High oil prices do not threaten the implementation of an agreement to reduce the production of "black gold" by OPEC+, said the Minister of Oil, Water and Electricity of Kuwait Bakheet Al-Rashidi He stressed that the parties of the agreement are committed to its implementation

The chemists from the Russian University of People's Friendship (RUDN) in cooperation with the scientists of the Institute of Petrochemical Processes of Azerbaijan have synthesized new surface-active substances that reliably neutralize oil spills. The researchers have published t