Oil prices increased on Wednesday on the back of an estimated decrease in US crude inventories, while tight supply after two hurricanes in the US Gulf of Mexico, and soaring demand is also supporting further price gains.

Oil prices have increased on the world markets.

Azerbaijan and Russia agreed to cooperate in seasonal natural gas swaps. The relevant contract was signed between Azercontract and Gazprom, the Azerbaijani news agency Report said on Tuesday.

Turkey, Tunis and Libya were the top three importers of Azerbaijan among OIC countries in January-May of this year, according to the country’s State Customs Committee.

Azerbaijani oil price has increased on the world markets.

BP invested $7million in smart electric vehicle (EV) charging firm, IoTecha, leading a $13.2 million investment round, the company said in a statement Tuesday.

On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $0,25 to trade at $75,15, while the price of Light crude oil at the NYMEX (New York Mercantile Exchange) increased $0,02 to stand at $73,68.

Azerbaijani oil price has increased on the world markets.

Azerbaijani oil price has increased on the world markets.

Media representatives continue to get acquainted with the projects implemented by the European Union in the regions of Azerbaijan.

Oil prices have increased on the world markets.

Azerbaijani oil price has increased on the world markets.

Oil prices have increased on the world markets.

Russia and Pakistan signed an agreement to build the Pakistan Stream natural gas pipeline, Russia's Energy Ministry said Friday.

Forging ahead toward a greener future, China is ever more committed to transforming the steel industry into a low carbon-emitting one amid its long-term green pledges.

In January-April 2021, 176.3 thousand tons of meat in live weight, 672.3 thousand tons of milk, 624.7 million eggs and 2.3 thousand tons of wool were produced in Azerbaijan.

The trade turnover between Azerbaijan and the UK increased in 2019 by 34 percent and amounted to USD 704.6 million.

Oil prices have increased on the world markets.

Azerbaijani oil price has increased on the world markets.

Azerbaijani oil price has increased on the world markets.

The majority of gas stations in the United States capital Washington DC have now run out of fuel, days after a major cyberattack forced the nation’s largest gasoline pipeline offline.

Turkey and China have managed to further develop and diversify their growing trade relationship despite the COVID-19 pandemic as they celebrate the 50th anniversary of diplomatic ties this year.

The European Court of Justice annulled on Wednesday the European Commission’s decision on ordering the e-commerce company Amazon to pay back €250 million ($303 million) plus interest to Luxembourg.

Chinese telecoms giant Huawei announced Saturday an action plan to "light up" 1,000 smart factories with its 5GtoB solution, in a bid to accelerate China's industrialization process, Baku Tribune reports citing Xinhua.

Pakistan will start reaping the benefits of the second phase of the China-Pakistan Economic Corridor (CPEC) in the form of industrial and agricultural development and a better road connectivity, Chairman of Pakistan's CPEC Authority Asim Saleem Bajwa said.

Top oil exporter Saudi Arabia is expected to cut its official selling prices (OSPs) for Asia in June, tracking weakness in Middle East benchmark Dubai and demand uncertainty amid a new wave of regional COVID-19 outbreaks, a Reuters survey showed.

President of the State Oil Company of Azerbaijan (SOCAR) Rovnag Abdullayev has met with Georgian Prime Minister Irakli Garibashvili as part of his working visit to Georgia, reports Baku Tribune citing Azertac.

Price for July of 2021 agreement on the exportation of Brent crude oil has decreased by 1,91% to stand at $ 67,25 for a barrel during trade operations held in ICE London Intercontinental Exchange, Baku Tribune.