Price of Azerbaijani Oil Drops to $64 Per Barrel

Baku: The price of Azerbaijani “Azeri Light” (CIF) crude has declined by nearly $4 on global markets.

According to Azeri-Press News Agency, the price of one barrel of Azerbaijani oil has decreased by $3.54, or 5.2%, settling at $64.11. This marks a …

US Commercial Oil Reserves Exceed 440 Million Barrels

Washington: In the US, commercial oil reserves increased by 2,553 thousand barrels after four weeks of growth, reaching 442,345 thousand barrels. This was stated in a report published by the Energy Information Administration (EIA) under the US Departm…