London ICE (InterContinental Exchange Futures) has seen some changes.

Despite the obvious commercial and strategic advantages of Turkmen gas reaching Europe via Azerbaijan and the Southern Gas Corridor, I think the likelihood of this happening is fairly low.

“During the third quarter, ACG continued to safely and reliably deliver stable production. Total ACG production for the first three quarters was on average about 418,000 barrels per day (b/d) (about 114 million barrels or 15 million tonnes in total) from the Chirag (25,000 b/d), Central Azeri (105,000 b/d), West Azeri (108,000 b/d), East Azeri (63,000 b/d), Deepwater Gunashli (77,000 b/d) and West Chirag (40,000 b/d) platforms,” bp Azerbaijan told Baku Tribune.

An interview to Baku Tribune was given by Stephen O'Sullivan, a senior visiting research fellow at the Oxford Institute for Energy Studies.

Azerbaijan and Pakistan are working on signing the Transit Trade Agreement, Pakistan's ambassador to Azerbaijan, Bilal Hayee, told Report.

Repairing the ruptures that occurred on the lines of the Nord Stream 1 and Nord Stream 2 gas pipelines may take more than six months, Pavel Zavalny, who heads the State Duma’s (lower house) Committee on Energy, believes.

Azerbaijani oil price has decreased on the world markets.

“In January-February 2022, revenues from the private section of the non-oil sector increased by 44.9% and amounted to 1,076.7 mln manats,” said Azerbaijan`s Minister of Economy Mikayil Jabbarov.

In January 2022, daily oil production (including condensate) in Azerbaijan amounted to 700,500 barrels, including 580,900 barrels' crude oil and 119,600 barrels' condensate, the Ministry of Energy told AZERTAC.

35 108,8 million cubic meters of gas were transported via main gas pipelines in Azerbaijan last year, which is 18,6% more in annual comparison, the State Statistics Committee told APA-Economics.

Azerbaijani economy grew by 5.6% in real terms in 2021, according to the preliminary data, Baku Tribune reports.

Oil prices have increased on the world markets.

Markets on Wall Street closed higher on Friday as investors digested economic data reports that showed consumer sentiment in the United States hit a 10-year low this month, while September job openings remained unchanged from the previous month. Stocks still posted weekly losses as concerns about high inflation following the latest consumer price index report continued to affect sentiment.

Azerbaijan's strategic currency reserves have increased by USD 12.8 bln. or 34.5% over the last 5 years (2016-2021), APA-Economics reports citing report of State Oil Fund of the Republic of Azerbaijan (SOFAZ) on 2020.

Shares in the Asia-Pacific region traded with losses on Wednesday after China's National Bureau of Statistics revealed that the consumer price index (CPI) in the country advanced 1.5% on an annual level.

House prices in the United Kingdom increased by 8.1% in October compared to the same month in 2020, according to Halifax's monthly House Price Index report published on Friday. The figure came in above estimates.

Deutsche Lufthansa AG reported on Wednesday that its total revenue in the third fiscal quarter of 2020 landed at €5.21 billion, missing estimates although landing 96% higher than in the same period the previous year. The company's operating expenses in the same period grew by 32% year-over-year to stand at €5.65 billion.

Strategic currency reserves of Azerbaijan increased by 3.4% or USD 1.7 bln. in January-September of this year and amounted to USD 52,5 bln., said chairman of the Central Bank Elman Rustamov in an online press conference on parameters of interest rate corridor, Baku Tribune reports.

The growth that the French economy has recorded in the third quarter hasn't been observed in the last 50 years, the country's Finance Minister Bruno Le Maire (pictured) said on Friday.

Major stock markets in Europe opened mixed on Thursday as investors reflected on company earnings and prepared for upcoming financial reports. Airbus, Unicredit, Volkswagen, Shell, Stellantis and Total already published their earnings results prior to the opening bell.

Shares in the Asia-Pacific region traded with losses on Wednesday, as worries related to the spread of COVID-19 and inflation seemingly mounted among traders.

The price of futures quotes for natural gas at the NYMEX (New York Mercantile Exchange) has increased, Baku Tribune reports

The current energy crisis could bring gas prices to $3,000, or even higher, when China starts securing its supplies, Mamdouh Salameh, an international energy economist and visiting professor of energy economics at the ESCP Europe Business School in London, said in an interview, Baku Tribune reports citing Sputnik.

The price of Azeri Light (CIF) crude oil has increased on the world market, Baku Tribune reports.

The eurozone Purchasing Managers’ Index (PMI) for the manufacturing sector registered the largest drop in September since April 2020 as supply-side constraints continued to impact goods producers, according to data released on Friday.

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.