Oil prices rise

News Department
Author

Oil prices rose on January 28 morning following the release of a US inventory estimate, Report informs referring to trading data.

The price of April Brent crude futures increased by 0.39% from the previous close, to $65.85 per barrel, while March WTI futures rose by 0.54%, to $62.73.

The American Petroleum Institute (API) has published its own estimate of US crude oil reserves. According to the institute, commercial crude oil inventories in the country decreased by 0.25 million barrels for the week ending January 23.

Official statistics from the US Department of Energy will be released later on Wednesday. It was earlier noted that the figure for the week ending January 16 increased by 3.6 million barrels, to 426 million.

Other News

Azerbaijan and EC mull energy partnership priorities 28 January, 2026 / 19:07
Azerbaijan mulls developing cooperation with World Petroleum Council 28 January, 2026 / 16:59
FM: Yerevan and Washington completed negotiations on nuclear energy deal 28 January, 2026 / 16:55
SOCAR, Chinese сompany explore creation of joint ventures 28 January, 2026 / 16:35
Azerbaijan saw decrease in oil imports by 12.7% last year 28 January, 2026 / 10:26
Price of Azerbaijani oil surpasses $69 28 January, 2026 / 10:08
Yerevan, Baku agreed on LNG supplies to Armenia through Azerbaijan 27 January, 2026 / 19:39
Azerbaijan more than doubles oil exports to Bulgaria 27 January, 2026 / 16:26
Azerbaijan sends another batch of humanitarian aid to Ukraine 27 January, 2026 / 15:20
Dollar share in SOFAZ's investment portfolio exceeds 70% 27 January, 2026 / 13:17
Azerenerji mulls implementation of AZURE project with WB 27 January, 2026 / 13:04
SOFAZ's revenues from development of ACG in 2025 amounted to approximately 8.3B manats 27 January, 2026 / 11:41
Azerbaijan halves gas imports in 11 months of 2025 27 January, 2026 / 10:43
Azeri Light crude drops to $67.86 per barrel 27 January, 2026 / 10:25
Azerbaijan exported about 6,500 tons of AI-92 gasoline in January-November 27 January, 2026 / 10:19
Azerbaijan, World Bank discuss prospects of energy cooperation 27 January, 2026 / 09:53
Oil prices fall on prospects of increased supplies 27 January, 2026 / 09:49
SOCAR, WB mull implementation of green energy corridors 27 January, 2026 / 08:40
UK's crude oil imports from Azerbaijan nearly halve 26 January, 2026 / 15:46
Qatar Fund for Development ready to jointly finance energy projects in Turkic region with TIF 26 January, 2026 / 15:38