Oil production

Oil prices rise on declining US inventories

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Photo: Reuters (archived photo) Decrease in US oil reserves exceeded forecasts – – US crude oil inventories fell to 445.5 million barrels, the lowest level since February 2020. World benchmark oil prices rise moderately on data on declining US oil and fuel inventories. This is evidenced by the trading data on Friday, July 9. Thus, … Read more

A powerful explosion occurred in the Caspian Sea

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Photo: twitter.com/oxuaz Explosion in the Caspian Sea – – The explosion, presumably, occurred at the Umid gas field in the Azerbaijani sector of the Caspian Sea. In the Caspian Sea on the evening of July 4, an explosion occurred on one of the oil-producing platforms in the Azerbaijani sector, eyewitnesses in social networks report a … Read more