Brent crude oil price down by over 5% to below $27 per barrel

27 November 2024

Brent crude oil price down by over 5% to below $27 per barrel

13:49 21 March 2020 Read: 1313

Brent crude oil price down by over 5% to below $27 per barrel

The price of futures contracts of Brent crude oil for May 2020 delivery dropped by 5.34% on London's ICE on Friday to $26.94 per barrel, according to the trading data as of 9:29 pm Moscow time, AzVision.az reports citing TASS.

The price of futures contracts of WTI crude oil is down by 10.7% at $23.14 per barrel.

Crude prices nosedived after Russia and Saudi Arabia failed to agree an extension of crude production cuts after March 2020 when the current agreements expire. Moreover, the former allies intend to substantially boost production in April, which market observers have already dubbed a price war.

More about: oil-price

News Line

The European Union Delegation organises European National Costumes Exhibition in Baku

The European Union Delegation organises European National Costumes Exhibition in Baku

COP29 conference in Tatarstan`s media spotlight

COP29 conference in Tatarstan`s media spotlight

“SAT-SAS-2024” exercise of Azerbaijani and Turkish naval forces continues, Defense Ministry

“SAT-SAS-2024” exercise of Azerbaijani and Turkish naval forces continues, Defense Ministry

Azerbaijan’s Central Election Commission holds meeting

Azerbaijan’s Central Election Commission holds meeting

Russia expels British diplomat over spying claims

Russia expels British diplomat over spying claims

Azerbaijani parliament projects 5.3% increase in revenue for 2025 budget

Azerbaijani parliament projects 5.3% increase in revenue for 2025 budget

Preparations for Araz-2024 joint tactical exercise wrap up

Preparations for Araz-2024 joint tactical exercise wrap up

Russia's Putin calls on CIS intelligence agencies to prevent instability

Russia's Putin calls on CIS intelligence agencies to prevent instability

Azerbaijan, UAE ink memorandum on mine clearance cooperation

Azerbaijan, UAE ink memorandum on mine clearance cooperation

October 2024 becomes second-warmest month globally in last 50 years

October 2024 becomes second-warmest month globally in last 50 years

Presidential aide: Instead of apologizing to Azerbaijan, Politico continues to spread disinformation

Presidential aide: Instead of apologizing to Azerbaijan, Politico continues to spread disinformation

Azerbaijan, Turkish Republic of Northern Cyprus sign memorandum on insurance

Azerbaijan, Turkish Republic of Northern Cyprus sign memorandum on insurance

Many security personnel killed as violence erupts in Islamabad

Many security personnel killed as violence erupts in Islamabad

Putin to conduct state visit to Kazakhstan

Putin to conduct state visit to Kazakhstan

Georgian parliament speaker proposes December 14 for presidential elections

Georgian parliament speaker proposes December 14 for presidential elections

Israeli Cabinet set to vote on Lebanon cease-fire deal

Israeli Cabinet set to vote on Lebanon cease-fire deal

EU to invest €1 billion in Ukraine's military industry

EU to invest €1 billion in Ukraine's military industry

SOCAR, DeGolyer and MacNaughton discuss geothermal energy projects

SOCAR, DeGolyer and MacNaughton discuss geothermal energy projects

Azerbaijani President: The COP29 is a turning point in climate diplomacy!

Azerbaijani President: The COP29 is a turning point in climate diplomacy!

Azerbaijani Foreign Ministry summons French ambassador

Azerbaijani Foreign Ministry summons French ambassador

Protocol of intent signed for Baku Dialogue on Water for Climate Action

Protocol of intent signed for Baku Dialogue on Water for Climate Action

COP29 Presidency issues statement on climate finance goals and consultation process

COP29 Presidency issues statement on climate finance goals and consultation process

President Ilham Aliyev congratulates Trump on his reelection as US President

President Ilham Aliyev congratulates Trump on his reelection as US President

President: Azerbaijan has created favorable conditions for lasting peace in the South Caucasus

President: Azerbaijan has created favorable conditions for lasting peace in the South Caucasus

Aircraft of Azerbaijan Air Force carry out training flights - VIDEO

Aircraft of Azerbaijan Air Force carry out training flights - VIDEO

Azerbaijan files lawsuit against Armenia at The Hague

Azerbaijan files lawsuit against Armenia at The Hague

Azerbaijan celebrates Kalbajar City Day in Azerbaijan

Azerbaijan celebrates Kalbajar City Day in Azerbaijan

Total of 25 countries & EU pledge to commit to no new unabated coal power at COP29

Total of 25 countries & EU pledge to commit to no new unabated coal power at COP29

COP29 сlosing plenary held in Baku

COP29 сlosing plenary held in Baku

Azerbaijani presidential aide criticizes US parliamentarians for their pro-Armenian position

Azerbaijani presidential aide criticizes US parliamentarians for their pro-Armenian position

Presidential aide: Instead of apologizing to Azerbaijan, Politico continues to spread disinformation

Presidential aide: Instead of apologizing to Azerbaijan, Politico continues to spread disinformation

UN Sec-Gen: COP29 was very much on agenda of G20 Summit in Rio

UN Sec-Gen: COP29 was very much on agenda of G20 Summit in Rio

Azerbaijani, Iranian special forces begin joint tactical exercise

Azerbaijani, Iranian special forces begin joint tactical exercise

President Ilham Aliyev shares post on Kalbajar City Day - VIDEO

President Ilham Aliyev shares post on Kalbajar City Day - VIDEO

News Line
Most Read

21:49 The European Union Delegation organises European National Costumes Exhibition in Baku
20:48 COP29 conference in Tatarstan`s media spotlight
18:52 “SAT-SAS-2024” exercise of Azerbaijani and Turkish naval forces continues, Defense Ministry
18:23 Azerbaijan’s Central Election Commission holds meeting
17:32 Russia expels British diplomat over spying claims
17:22 Azerbaijani parliament projects 5.3% increase in revenue for 2025 budget
16:48 Preparations for Araz-2024 joint tactical exercise wrap up
16:42 Russia's Putin calls on CIS intelligence agencies to prevent instability
16:15 Azerbaijan, UAE ink memorandum on mine clearance cooperation
16:08 October 2024 becomes second-warmest month globally in last 50 years
15:31 Presidential aide: Instead of apologizing to Azerbaijan, Politico continues to spread disinformation
15:17 Azerbaijan, Turkish Republic of Northern Cyprus sign memorandum on insurance
15:00 Many security personnel killed as violence erupts in Islamabad
14:41 Putin to conduct state visit to Kazakhstan
14:24 Georgian parliament speaker proposes December 14 for presidential elections
13:57 Israeli Cabinet set to vote on Lebanon cease-fire deal
13:49 EU to invest €1 billion in Ukraine's military industry
12:56 SOCAR, DeGolyer and MacNaughton discuss geothermal energy projects
12:10 G7 foreign ministers meet in Italy to discuss Middle East, Ukraine
11:47 UN partners with Azerbaijan to promote ASAN Service model across four continents
11:27 Magnitude 3.1 quake hits Azerbaijan’s Mingachevir district
11:08 Lebanese lawmaker says cease-fire deal with Israel close
11:01 Abu Dhabi hosts Global Food Week 2024
10:59 Oil prices jump in global markets
10:22 Latvian ambassador congratulates Azerbaijan on successful completion of COP29
10:14 30th anniversary of Azerbaijan's joining NATO's PfP program marked in Baku
09:51 Azerbaijani oil price drops in global markets
09:25 Trump vows day-one tariffs on Mexico, Canada and China
09:11 Fire breaks out in Japan during test of Epsilon S rocket engine
23:45 President Ilham Aliyev congratulates Trump on his reelection as US President
22:04 Air Arabia flying Moscow-Sharjah makes emergency landing in Azerbaijan
21:46 Embassies of Azerbaijan and Kazakhstan host official reception in Cambodia
21:45 Key outcomes of COP29 conference in Turkish media spotlight
20:03 COP29: Key outcomes of Baku-hosted conference in world media spotlight
19:55 Meeting with NATO delegation held in Baku, Defense Ministry
18:39 Azerbaijan's investment opportunities promoted in Izmir
17:43 Rescue operation launched after Red Sea tourist boat sinks
17:32 Azerbaijan, NATO explore cooperation prospects
17:15 Iran set to hold nuclear talks with European troika after IAEA resolution
16:59 UK expands sanctions against Russia
16:28 Ultranationalist candidate leading in 1st round of Romania's presidential election
16:14 UN calls on urgent measures to fight violence against women
16:01 Azerbaijani shooter claims silver in Walther Youth Cup Smederevo
15:53 Aircraft of Azerbaijan Air Force carry out training flights - VIDEO
15:24 Azerbaijan’s Minister of Culture to attend 10th UNAOC Global Forum in Portugal
15:08 China launches two new satellites
14:40 Azerbaijan discloses number of mines found in liberated territories over past week
14:27 Indonesia’s Mount Dukono erupts, ash plume reaches 3,000 meters
14:05 Azerbaijani economy's dependence on oil and gas sector down significantly - minister
13:42 Azerbaijani taekwondo fighters win two medals in Bosnia Open G1
13:40 Azerbaijani, Iranian special forces begin joint tactical exercise
13:36 Storm Bert causes widespread chaos across UK with floods, fatalities, power outages
13:18 Azerbaijan's social expenditures in 2024 projected to be 1.6 times higher than in 2021
12:55 Next couple of months ‘critical for Ukraine,’ says former Trump security adviser
12:37 President Ilham Aliyev: Level of friendship between Azerbaijan and Bosnia and Herzegovina is gratifying
12:36 President Ilham Aliyev congratulates President of Suriname
12:26 Turkish Cabinet to discuss war in Ukraine, Middle East situation
12:16 President Ilham Aliyev congratulates Chairman of Bosnia and Herzegovina Presidency
11:33 Oil prices drop in global markets
10:57 Georgian Prime Minister announces composition of new government
10:29 Pilot killed in cargo plane crash near Lithuanian capital
10:11 President Ilham Aliyev shares post on Kalbajar City Day - VIDEO
10:03 Azerbaijan's Commissioner for Human Rights meets with OIC Secretary-General
09:55 "Young Diplomats" congratulate Azerbaijan on successful hosting of COP29
09:33 S. Korea Air Force begins large-scale Soaring Eagle exercise
09:11 Azerbaijan celebrates Kalbajar City Day in Azerbaijan
19:55 First export train heads from Azerbaijan to China
16:16 COP29 agreement is a critical step - UK foreign secretary
16:14 Azerbaijani President: The COP29 is a turning point in climate diplomacy!
14:31 President Biden congratulates Azerbaijan for hosting landmark COP29 summit
12:16 COP29 and Azerbaijan's green energy transition in spotlight of BBC TV Channel
10:06 Breakthrough in Baku delivers $1.3tn “Baku Finance Goal”
10:03 COP29 сlosing plenary held in Baku
22:53 COP29 achieves full operationalization of Article 6 of Paris Agreement – unlocks international carbon markets
21:55 Resolution adopted commending Azerbaijan for exemplary COP29 organization
19:44 Hungary has invited Netanyahu to visit, Israeli PM's office confirms
19:41 COP29 hosts another protest
18:33 Putin says Russia will keep testing new missile in combat
17:29 Defense minister highlights Azerbaijan Army's strength and dedication, inspired by commander-in-chief
14:51 Total of 25 countries & EU pledge to commit to no new unabated coal power at COP29
14:15 Azerbaijani shooting teams shine at int'l tournament in Serbia
14:00 Earthquake jolts Azerbaijan's Lachin
13:29 Chairman of Caucasus Muslims Office to attend 10th UNAOC Global Forum
13:08 Kazakhstan presents plans to achieve carbon neutrality at COP29
12:34 WHO: Mpox continues to be international public health emergency
12:13 COP29: New initiatives unveiled at Urban Development Day to boost int’l co-op
11:35 European Club Association meeting to highlight COP29-launched Football Clubs Alliance for Climate
11:12 Azerbaijani oil price tops $76
10:42 Azerbaijan inks $131.5M loan agreement with ADB to revitalize INSTC
10:16 2024-25 UEFA Nations League quarterfinals set
09:41 Trump taps Scott Bessent for Treasury, capping long drama over choice
09:18 Russia to keep testing new missile in combat, Putin says
23:10 Spain fines budget airlines including Ryanair €179m
22:02 Rapper Sean 'Diddy' Combs returns to jail as judge considers bail bid
21:57 Benjamin Netanyahu arrest warrant: Where can he still go in Europe?
19:42 Deputy Chairman of New Azerbaijan Party attends 12th ICAPP General Assembly
19:41 Ambassador of Brazil: We hope COP30 will be acclaimed for its high-level organization
18:51 Leyla Aliyeva participates in tree-planting campaign in Baku
17:43 German FM: Finance and mitigation are key to combating climate change
17:16 Azerbaijani FM voices concern over unfounded smear campaign against nation
17:04 President: Azerbaijan has created favorable conditions for lasting peace in the South Caucasus
17:00 Milli Majlis Speaker Sahiba Gafarova takes the floor at 57th plenum of CIS member states’ Inter-Parliamentary Assembly
16:59 President Ilham Aliyev: ICAPP established itself as prestigious platform for cooperation
16:53 COP29 Presidency issues statement on climate finance goals and consultation process
16:30 Azerbaijan, Israel to set up new working group for cooperation
16:20 Azerbaijan initiates creation of the first-ever Global South NGO Platform
16:10 President of Congo meets with Congolese students studying at BHOS
16:09 US decision to allow missile strikes deep into Russia fuels global escalation: Slovak PM
15:38 Azerbaijan, Türkiye discuss green energy supply
15:11 Global Zero Waste initiative gains global momentum at COP29 in Baku
14:59 Baku hosts panel on “Building Tomorrow: The Legacy of COP29 in Azerbaijan and in the World”
14:59 Azerbaijan and Türkiye discuss projects on green energy supply
14:36 Azerbaijan, Hungary discuss European energy security
14:12 COP29 discusses green initiatives implemented in Africa
13:46 Malmö FF joins climate initiative at COP29
13:32 Trump names Pam Bondi as new pick for attorney general
13:12 COP29 highlights role of algae cultivation in reducing CO2 emissions
13:04 North Korean leader warns of growing risk of nuclear war
12:34 President Ilham Aliyev receives Israel's Minister of Transport and Road Safety
12:32 Haiti summons French ambassador over Macron's remarks

19:55 First export train heads from Azerbaijan to China 666
12:16 COP29 and Azerbaijan's green energy transition in spotlight of BBC TV Channel 644
16:16 COP29 agreement is a critical step - UK foreign secretary 631
14:31 President Biden congratulates Azerbaijan for hosting landmark COP29 summit 599
10:06 Breakthrough in Baku delivers $1.3tn “Baku Finance Goal” 586
23:45 President Ilham Aliyev congratulates Trump on his reelection as US President 573
12:37 President Ilham Aliyev: Level of friendship between Azerbaijan and Bosnia and Herzegovina is gratifying 557
21:46 Embassies of Azerbaijan and Kazakhstan host official reception in Cambodia 552
10:57 Georgian Prime Minister announces composition of new government 551
15:08 China launches two new satellites 536
15:24 Azerbaijan’s Minister of Culture to attend 10th UNAOC Global Forum in Portugal 536
14:27 Indonesia’s Mount Dukono erupts, ash plume reaches 3,000 meters 534
15:53 Aircraft of Azerbaijan Air Force carry out training flights - VIDEO 534
09:11 Azerbaijan celebrates Kalbajar City Day in Azerbaijan 531
13:42 Azerbaijani taekwondo fighters win two medals in Bosnia Open G1 529

Tell me about Azerbaijan

10:28

2021/11/1635834059.jpg

Drive up high to the remote village of Khinalig – Azerbaijan| PHOTOS

Armenian Aggression

12:13

2021/08/1629188112.jpg

Glorification of Armenian terrorism in California - OPINION

15:49

2023/12/1702641119.jpg

2023 champions honored at FIA Prize Giving event in Baku - NO COMMENT

Azerbaijan in Focus

09:37

2021/10/1634017375.jpg

EURONEWS : Highly skilled art of copperware production lives on in Lahij| VIDEO

23:17

2021/10/1634066358.jpg

Armenia launches criminal case on Serzh Sargsyan's visit to Baden-Baden - CARTOON

19:30

516OIzDe1pL._BO_.jpg

Years of Blood: A History of the Armenian-Muslim Clashes - Audiobook

About us

If you have a story you think we might be interested to know about please email our news team at [email protected] or phone +994 125975052 and ask to be put through to AzVision.

Azvision.az ©2014 | All rights reserved