Oil prices slow down after recent growth

News Department
Author

Global oil prices slowed down on February 25 morning after hitting record highs since 2014 on the previous trading day, Report informs.

The price of April futures for Brent crude rose by 4.6% to $101.31 per barrel, May futures for Brent rose in price by 2.32% to $97.63 per barrel. April WTI futures rose 2.14% to $94.81 per barrel.

During the auction on February 24, oil prices rose by 9%. As a result, the cost of Brent crude for delivery in April exceeded $105 per barrel, and WTI surged to $100. For both brands, this is a record since 2014.

Other News

Baku hosts performance leadership forum for SOCAR's top management 23 February, 2026 / 16:28
AzerEnerji, IRIA agree on digitalization cooperation 23 February, 2026 / 16:09
Wind power generation in Azerbaijan surges almost 22-fold 23 February, 2026 / 14:29
Azerbaijan Energy Ministry signs deals for solar power plants in Nakhchivan 23 February, 2026 / 13:44
Gas prices in Europe fall 3.5% 23 February, 2026 / 13:09
Oil prices fall over 1% 23 February, 2026 / 10:02
Kyiv suggests EU use Odessa-Brody oil pipeline instead of Druzhba 21 February, 2026 / 16:19
Azerbaijani oil prices fall slightly 21 February, 2026 / 10:08
Volume of oil transported via BTC surpassed 2M tons in Jan.2026 20 February, 2026 / 18:03
Transportation via Baku-Tbilisi-Erzurum pipeline increased by over 15% 20 February, 2026 / 17:27
Azerbaijan's commercial gas production up nearly 9% 20 February, 2026 / 17:23
MOL's capital spending in Azerbaijan tops $123 million in 2025 20 February, 2026 / 16:26
MOL boosts hydrocarbon production in Azerbaijan by 5.5% in 2025 20 February, 2026 / 16:04
Energy minister: Moldova open to participating in Black Sea Green Energy Corridor - INTERVIEW 20 February, 2026 / 15:33
Azerbaijan exports over 5,400 tons of Premium Euro-95 gasoline in 2025 20 February, 2026 / 15:25
Fitch Solutions: STAR Refinery began diversifying its oil supply sources 20 February, 2026 / 14:36
SOCAR opens South Caucasus' first fully electric charging station in Tbilisi 20 February, 2026 / 13:26
IMF reveals forecasts for Azerbaijan's gas export prices until 2032 20 February, 2026 / 11:12
IMF forecasts Azerbaijan's oil export price at $66.7 per barrel in 2026 20 February, 2026 / 11:03
Azerbaijani oil price approaches $73 20 February, 2026 / 10:03