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South Korea mulls commercial use of Northern Sea Route

South Korea is considering the commercial use of the Northern Sea Route (NSR) in the long term, Ambassador Extraordinary and Plenipotentiary of the Republic...

Global renewable energy growth over 20 years peaks in 2020 –...

The growth rate of renewable energy in the world reached its highest in the last 20 years in 2020 - 45%, despite the crisis...

Azerbaijani oil rises in price

The price of Azeri LT CIF oil in the world market has increased by $0.24 or 0.35% to $68.1 a barrel. Report informs that the lowest...

U.S. fuel supplies tighten as pipeline outage drags on

Supplies of gasoline tightened further in parts of the United States on Tuesday as the nation’s biggest fuel pipeline was shut down for a...

BP Posts Around 100 Offshore Wind Job Vacancies

BP, which just recently entered the offshore wind market, has posted around 100 job vacancies looking for talent to support its growing offshore wind...

ADB to End Coal, Upstream Oil and Gas Financing

The ADB has funneled $42.5 billion into the energy sectors between 2009 and 2019. The Asian Development Bank (ADB) will no longer finance oil and...

Natural gas prices continue to decrease on world markets

The price of futures quotes for natural gas at the NYMEX (New York Mercantile Exchange) has decreased,APA-Economics reports. With delivery in Junefutures quotes for natural...

US fires warning shots at Iranian boats in Gulf

A US Coast Guard ship fired warning shots at Iranian boats that came close to American naval vessels in the Strait of Hormuz, the...

UN says Europe needs more efficient mechanisms to handle migrant arrivals

Europe could easily manage hundreds of migrants arriving on its shores if it had more predictable state-led systems to deal with such matters, the...

TRACECA Permanent Representative talks cargo traffic growth on Azerbaijani section

The cargo traffic via the Europe-Caucasus-Asia (TRACECA) international transport corridor’s Azerbaijani section grew mainly due to the ongoing transit of goods through the territory...