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According to information, in the south of the country, government forces also seized 944,000 liters of stolen crude oil and 171,000 liters of illegally produced diesel fuel.
The article notes that following COP 27 in Egypt and COP 28 in the United Arab Emirates, it represents the third consecutive climate change conference hosted by an oil and gas-producing state.
However, zero shipments in February marked the first time South Korea failed to take the light sweet crude since October 2020, latest data from state-run Korea National Oil Corp. showed.
In January-March of this year, the Central Bank of Azerbaijan (CBA), together with the State Oil Fund (SOFAZ), sold $1,835.8 million (+97.6 or nearly 2 times) in currency auctions, Report informs, citing the CBA. In March alone, the amount of currency sales was $498.3 million (+29.8%).
The price of WTI oil futures for May in electronic trading on the New York Mercantile Exchange (NYMEX) in the morning rose by $0.42 (0.5%) to $81.77 per barrel.
A thick film of fuel oil has covered Lake Sapanca in western Türkiye after an accident at a NATO oil pipeline, Report informs referring to the Milliyet newspaper.
The price of Azerbaijan's Azeri LT CIF oil in the world market dropped by $0.79, or 0.89%, to $87.51 per barrel, Report informs. May futures for Brent crude were traded at $86.33 per barrel. The average oil price in Azerbaijan's state budget for 2023 was set at $60 per barrel.
The nation's strategic use of its oil and gas revenues has spurred growth in various sectors, positioning Azerbaijan as a key player in regional energy markets and beyond.
In February alone, 17.042 million barrels of oil were transported through the territory of Türkiye via the BTC pipeline, representing an increase of 1.160 million barrels or 7.3 percent compared to February 2023.
According to API estimates, oil inventories in the US increased by 9.337 million barrels in the week ending March 22, the largest increase since mid-February 2023.