Azerbaijani Oil Prices Decline in Key Ports

Baku: In Italy’s Augusta port, the price of Azerbaijan’s Azeri Light crude oil on a CIF basis fell by $0.3, or 0.43 percent, from the previous level to $69.31 per barrel, a source in the oil market told Trend.

According to Trend News Agency, at Trki…

EIA Forecasts Slower Growth in U.S. Jet Fuel Demand

Washington: Growth in U.S. jet fuel consumption is slowing in 2025 after four years of rapid recovery from the pandemic, according to the U.S. Energy Information Administration (EIA), Trend reports. The agency expects the deceleration to continue thro…

Eni Sends Off Nguya FLNG to Join Congo LNG Development

Shanghai: Eni announced the sail away ceremony for the Nguya floating liquefied natural gas (FLNG) unit on August 26 in Shanghai, marking a key step in the development of the Congo LNG project in the Marine XII concession offshore the Republic of Cong…