Oil price went down again in markets

Tural Ibadli
Author

Baku.30 December. REPORT.AZ/ On December 29, at the world markets, price for WTI (West Texas Intermediate) crude oil went down by 2,09% or 1,12 dollars and amounted to 53,61 USD per barrel.

Report informs, either Brent crude oil decreased in world markets. So, Brent crude fell by 2,71% or 1,57 USD and amounted to 57,88 USD.

Due to economic forecasts, in case of such situation to be stable in the markets, average price of oil in 2014 may be 61 USD per barrel. 

Other News

Serbia to reduce excise taxes on fuel by 40% due to rising gas prices 20 March, 2026 / 18:39
Vucic: Agreement with Azerbaijan on gas-fired power plant expected within one month 20 March, 2026 / 17:41
Price of Azerbaijani oil in global market nears $123 20 March, 2026 / 09:51
Georgia's imports of oil and petroleum products from Azerbaijan skyrocket 19 March, 2026 / 17:40
Khudatyan: Yerevan, Ankara to evaluate investments in energy grid unification 19 March, 2026 / 17:06
Brent crude price exceeds $116 19 March, 2026 / 13:04
Gas prices in Europe exceed $850 19 March, 2026 / 11:54
Price of Azeri Light crude oil approaches $118 per barrel 19 March, 2026 / 10:10
Azerbaijan discusses renewable energy projects with Chinese company 18 March, 2026 / 19:26
Azerbaijan's fuel production declines in early 2026 18 March, 2026 / 18:29
Urea production in Azerbaijan drops sharply in early 2026 18 March, 2026 / 18:07
Oil transport via BTC pipeline declines in early 2026 18 March, 2026 / 17:50
Commercial gas production in Azerbaijan increases by 3% 18 March, 2026 / 17:39
Transportation via Baku-Tbilisi-Erzurum pipeline increased by nearly 8% 18 March, 2026 / 17:05
Saudi Aramco restarted Ras Tanura oil refinery on March 13, IIR says 18 March, 2026 / 16:56
Oil prices fall 18 March, 2026 / 11:18
Azeri Light crude price dips in global markets 18 March, 2026 / 09:57
Kazakhstan and EU strengthen energy partnership 17 March, 2026 / 18:59
Top 10 buyers of Azerbaijani oil 17 March, 2026 / 18:54
Transportation of Kazakhstani oil via Azerbaijan reaches 4 million tons 17 March, 2026 / 18:27