Azerbaijan's oil exports to India drop in 10M2025
Azerbaijan exported over 200,000 tons of crude oil and bituminous petroleum products to India worth about $126 million from January through October. trend.az »
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Italy increases oil imports from Azerbaijan
Azerbaijan's oil exports to Italy increased significantly in both volume and value in the period from January through October this year, with Italy retaining its status as the largest importer of Azerbaijani oil. trend.az »
2025-11-20 00:30
Germany boosts Azerbaijani oil imports in 10M2025
Germany ranked fourth among the countries to which Azerbaijan exported oil and petroleum products. trend.az »
2025-11-19 19:07
Azerbaijan tallies oil export to Georgia by October 2025
Azerbaijan exported 3,838 tons of crude oil and bituminous rock–based petroleum products worth $1. 58 million to Georgia in the first nine months of 2025. No exports of these products to Georgia were recorded in the same period last year. trend.az »
2025-11-19 07:39
Azerbaijan shines light on its top oil importers for 10M2025
Azerbaijan exported 20.8 million tons of crude oil and petroleum products worth $10.9 billion from January through October 2025. Compared to 2024, value fell $1.9 billion (15%) while volume rose 182,600 tons (0.9%). trend.az »
2025-11-18 10:53
Iran slashes gas flaring at Arvandan Oil, boosting environmental effort
Flaring at Iran’s Darkhovin oil field has dropped sharply, falling from roughly 3.5 million cubic meters per day to about 570,000 cubic meters following system upgrades and the introduction of a gas injection compressor. trend.az »
2025-11-17 18:38
Iran’s National South Oil Company sees surge in crude output
Crude oil production at the Ahvaz field of Iran’s National South Oilfields Company has risen to around 1,200 barrels per day at Well 21 following the introduction of a new mobile pumping station. trend.az »
2025-11-17 17:11
Azerbaijan sheds light on oil bitumen and petroleum coke production volumes
Azerbaijan’s production of bitumen declined to around 214,000 tons, while petroleum coke output rose to approximately 191,000 tons in the first ten months of the year. trend.az »
2025-11-16 00:13
Global oil trade shifts East as China and India drive import demand - IEA
The Middle East will remain the world’s largest oil exporter through 2050, while global oil trade shifts increasingly toward Asia, the International Energy Agency (IEA) said in its latest outlook. trend.az »
2025-11-15 19:45
Azerbaijan’s white oil production moves up notch
Azerbaijan's white oil production has shown a 4.9% increase year-on-year, reflecting growth in the oil products manufacturing sector, which reached 4.5 billion manat ($2.6 billion) in 2025, signaling positive economic momentum in the country's energy industry. trend.az »
2025-11-15 18:36
OPEC+ oil revenues forecast to surge to $2.5T by 2050, IEA says
OPEC+ oil production is set to rise steadily over the coming decades, with output projected to reach record levels by 2050, according to the latest International Energy Agency (IEA) outlook. trend.az »
2025-11-15 16:37
IEA outlines new outlook for 2035 global oil demand
Global oil demand is set to climb steadily through the next two decades, driven almost entirely by emerging economies, even as consumption plateaus or declines across major advanced economies, the International Energy Agency (IEA) said in its latest outlook. trend.az »
2025-11-15 14:05
IEA sees non-OPEC+ oil growth driven by Americas and offshore projects
Non-OPEC+ oil production rose by 80,000 barrels per day (kb/d) in October to 56.1 million bpd, the International Energy Agency (IEA) said in its latest outlook. trend.az »
2025-11-15 02:16
IEA raises 2025-26 global oil supply forecast
Global oil supply fell by 440,000 barrels per day (kb/d) in October to 108.2 million bpd, mainly due to a 520 kb/d drop in OPEC+ output, the International Energy Agency (IEA) said in its recent outlook. trend.az »
2025-11-14 19:12
Azerbaijan reveals marketable oil and gas volumes for 10M2025
Azerbaijan’s mining sector produced 23 million tons of crude oil and 32 billion cubic meters of natural gas in the first ten months of 2025. trend.az »
2025-11-14 15:33
EIA revises Russia’s oil output forecast lower for 2026
Russia’s oil production is projected to reach 10.64 million barrels per day (mb/d) in 2026, according to the latest forecast from the U.S. Energy Information Administration (EIA). trend.az »
2025-11-14 07:39
Non-OECD countries to lead oil demand growth, EIA forecasts
Global liquid fuels consumption is forecast to rise in 2025 and 2026, driven almost entirely by non-OECD countries, the U.S. Energy Information Administration (EIA) said in its latest outlook. trend.az »
2025-11-13 19:55
Global oil production set to rise through 2026, EIA says
Global liquid fuels production is projected to rise in 2025 and 2026, driven primarily by Brazil, the United States, Guyana, and Canada, the U.S. Energy Information Administration (EIA) said in its latest outlook. trend.az »
2025-11-13 18:59
EIA forecasts global oil inventories to rise in 2026
Global oil inventories are expected to increase in 2026, up from 1.8 million b/d in 2025, the U.S. Energy Information Administration (EIA) said in its latest outlook. trend.az »
2025-11-13 17:26
IEA reports October drop in Russian oil exports
Russian crude and oil product exports fell by 150,000 barrels per day (kb/d) to 7.4 million barrels per day (mb/d) in October. trend.az »
2025-11-13 17:15
IEA reports stable Iranian oil supply despite new U.S. measures
Iran’s crude oil supply fell slightly in October, which is largely in line with year-ago levels but nearly 1 mb/d higher than in 2022. trend.az »
2025-11-13 17:01
IEA predicts steady oil production in Kazakhstan for 2026
Kazakhstan’s oil production is projected to reach 2.16 million barrels per day (mb/d) in 2026. trend.az »
2025-11-13 16:50
EIA revises Middle East oil forecast higher for 2026
The U.S. Energy Information Administration (EIA) forecasts that Middle East oil production will reach 3.29 million barrels per day (mb/d) by 2026. trend.az »
2025-11-13 12:13
OPEC forecasts global oil demand growth stable for 2026
Global oil demand is forecast to increase by 1.38 million barrels per day (mb/d) in 2026, OPEC says. trend.az »
2025-11-12 17:27
OPEC sees stronger oil demand in non-OECD regions in 2025
Global oil demand is projected to increase by 1.3 million barrels per day (mb/d) in 2025, according to the latest data from OPEC. trend.az »
2025-11-12 17:15
Kazakhstan's oil production down in Oct. 2025, OPEC says
Kazakhstan’s crude oil production averaged around 1.707 million barrels per day (b/d) in October 2025. trend.az »
2025-11-12 16:35
Iran reports strong crude oil production potential over past year
Iran’s crude oil production potential reached around 4.2 million barrels per day in the past Iranian year, exceeding planned targets and showing growth from joint oil fields. trend.az »
2025-11-12 13:17
KazMunayGas reveals volume of oil shipped by flagship tankers in 10M2025
Kazakhstan’s national oil and gas company KazMunayGas (KMG) reported that its flagship Aframax-class tankers Altai and Alatau, operated by the Kazmortransflot National Maritime Shipping Company (KMTF), have increased the volume of oil transported over the first 10 months of 2025. trend.az »
2025-11-10 09:16
Oil production at Kazakhstan's Karachaganak field goes beyond planned target
Oil production at the Karachaganak field slightly exceeded expectations in January-September 2025. KazMunayGas and Shell discuss new stages of development at Kazakhstan’s flagship energy sites and explore expanded geological cooperation. trend.az »
2025-11-3 16:29
KazMunayGas records growth in oil transportation by Kazakhstan-China Pipeline
During the period spanning January to September 2025, the throughput metrics for the LLP Kazakhstan–China Pipeline, operated by KazMunayGas (KMG), exhibited a notable uptick of 4.7 percent, culminating in a total of 7.242 million tons transported. trend.az »
2025-11-2 10:33
National Iranian Oil Company seeks to boost production hand-in-hand with private sector
The National Iranian Oil Company (NIOC) aims to raise crude oil production by 250,000 barrels per day and refining by 520,000 barrels with private sector support. Contracts worth $1. 6 billion have been signed to boost gas production, including at the Gordan and Pazen fields. trend.az »
2025-11-2 08:46
KazMunayGas reports decline in oil transportation by KazTransOil
Oil transportation volumes of KazTransOil (KTO), the national pipeline operator of Kazakhstan and a subsidiary of KazMunayGas (KMG), decreased by 1.3 percent, totaling 33.223 million tons from January through September 2025. trend.az »
2025-11-2 04:10
KazMunayGas sees drop in oil shipments across Caspian Sea
KazMunayGas (KMG) reported a 14.1 percent decrease in marine oil transportation across the Caspian Sea from January through September 2025. The decline reflects reduced shipments on the Aktau–Baku route and the temporary withdrawal of tankers for modernization, underscoring weaker transport dynamics in the Caspian direction. trend.az »
2025-11-2 19:55
Iran’s National Oil Company prioritizes production growth and gas recovery goals
Iran’s National Oil Company has outlined plans to boost crude oil production to about 4.5 million barrels and gas output to roughly 1.3 billion cubic meters per day by 2029, while eliminating flare gas. trend.az »
2025-11-1 13:59
Karachaganak field in Kazakhstan seeing increase in oil and gas output
Production at Kazakhstan's Karachaganak for KMG rose in early 2025 as gas reinjection efforts boosted output, while ongoing projects aim to sustain liquid hydrocarbon levels for the long term. trend.az »
2025-10-31 05:10
Kazakhstan’s Kashagan field records slight decrease in oil output
Oil production at Kazakhstan’s Kashagan field saw a slight decline in early 2025 as operators adjusted output amid changing field dynamics, while gas volumes remained stable. trend.az »
2025-10-30 15:11
Kazakhstan’s Tengiz oil field posts higher production levels
Oil and gas condensate production at Kazakhstan’s Tengiz field surged by 41.8 percent in January–September 2025, reaching 6.1 million tons. trend.az »
2025-10-30 14:59
KazMunayGas boosts oil and gas condensate output
Kazakhstan’s KazMunayGas boosted oil and gas condensate production to 19.8 million tons from January through September 2025. Gas production also grew by over 20 percent during the same period. trend.az »
2025-10-30 14:38
Uzbekistan reports drop in oil production in 9M2025
Uzbekistan produced 490,100 tons of oil in the first nine months of 2025, marking a notable decline compared to previous years. trend.az »
2025-10-29 16:48
Iran’s Offshore Oil cuts costs with introduction of new mooring equipment
Iran’s Offshore Oil Company Hengam has saved around 1.5 million euros by designing and installing new Mooring Buoy equipment internally, avoiding high supplier costs. trend.az »
2025-10-29 16:05
Kazakhstan’s crude oil and raw petroleum products exports to France decline
France received fewer crude oil and petroleum product shipments from Kazakhstan in January-August 2025. Meanwhile, Kazakhstan’s overall exports of these products increased slightly. trend.az »
2025-10-25 16:39
Gateway Ventures Int'l advances projects with Dragon Oil in Turkmenistan (Exclusive)
Gateway Ventures International Inc. is implementing a series of oil and gas projects in Turkmenistan, including collaborations with Dragon Oil LLC. trend.az »
2025-10-24 16:17
Azerbaijan’s State Oil Fund reduces currency sales in 9M2025
Azerbaijan’s State Oil Fund (SOFAZ) sold over $4 billion in currency through Central Bank auctions during the first nine months of the year. trend.az »
2025-10-23 09:51
Azerbaijan's SOFAZ assets grow owing to oil revenues, investments in 9M2025
As of September, the State Oil Fund of Azerbaijan (SOFAZ) assets rose to about $70 billion, up nearly 17 percent from the start of the year. trend.az »
2025-10-23 09:50
Iran greenlights next phase of Abuzar oil field dev't
Iran plans to launch a new phase of development at the Abuzar oil field, located near Kharg Island in the south of the country. trend.az »
2025-10-23 09:23
Azerbaijan reveals volume of oil supplies to Bulgaria
Azerbaijan exported crude oil and petroleum products derived from bituminous rocks to 20 countries from January through September of this year. trend.az »
2025-10-23 01:18
Azerbaijan sheds light on data on oil exports to Switzerland
Azerbaijan exported crude oil and petroleum products to 20 countries over the period from January through September of this year. trend.az »
2025-10-23 21:19
Iran's Bandar Abbas Oil Refining Company expands its capital
Iran’s Bandar Abbas Refinery has boosted its capital to around $720 million to strengthen its financial structure and expand production capabilities. trend.az »
2025-10-22 17:19
Kazakhstan-China pipeline system fuels rise in oil transport
KazTransOil recorded an increase in oil volumes transported through the Kazakhstan-China pipeline system, while seaborne exports from the Aktau port showed a slight decline over the same period trend.az »
2025-10-22 16:50
KazTransOil faces decline in oil transshipment through Atasu-Alashankou pipeline
KazTransOil has reported a slight decline in oil transshipment volumes via the Atasu-Alashankou pipeline trend.az »