Oil and energy
Oil, gas and energy: Azeri Light, Brent and WTI prices, MOL's investment in Azerbaijani projects, tax forecasts from ACG and Shah Deniz, SOCAR exports and the $1.65bn Comstock deal. Also: first production at the West Absheron platform No. 50, resumption of Atyrau-Samara pumping and wind/solar generation forecasts.
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← All live topicsOil prices: Azeri Light, Brent and WTI — November 7, 2026
Global oil and gas prices on November 7, 2026: Azerbaijan's Azeri Light grade, Brent, WTI and natural gas.
Economy · November 6, 2026MOL spent about $34 million on upstream projects in Azerbaijan in Q3
Nine-month capital expenditure reached $104.1 million. MOL also disclosed the production volumes attributable to it under contractual entitlements.
Economy · November 5, 2026ACG and Shah Deniz profit-tax receipts projected at AZN 1.74 billion in 2027
The Finance Ministry projects AZN 320 million from ACG and AZN 1.42 billion from Shah Deniz, using a $65 oil-price assumption.
Economy · November 5, 2026SOCAR exports 3.92 million tonnes of oil in third quarter
The volume fell by approximately 4.5% year on year and should not be equated with Azerbaijan's entire crude-export total.
Economy · November 5, 2026Production starts at platform No. 50 on West Absheron field
The first producing well has entered service on the new offshore platform, which is designed for a total of 16 wells.
Economy · November 5, 2026SOCAR and Comstock sign definitive agreement for $1.65 billion transaction
Closing is expected by the end of 2026, subject to approvals. The signed agreement does not mean the acquisition has closed.
Transport · November 4, 2026Kazakhstan asks Russia about restarting Druzhba oil shipments to Germany
Energy Minister Erlan Akkenzhenov said Astana had submitted a formal request. No restart date or shipment volume has been agreed.
Economy · November 3, 2026Kazakhstan resumes oil flows through Atyrau-Samara
Oil transportation resumed following a technical inspection.
Economy · November 6, 2026IEA forecasts global onshore wind capacity of 2,040 GW by 2031
The agency expects growth of more than 70%, while grid expansion and storage remain crucial to integrating new renewable generation.
Economy · November 5, 2026Azerbaijan projects 4.41 billion kWh of wind and solar generation in 2030
The forecast is about 46.5% above the 2027 estimate and covers wind and solar, rather than all renewable electricity production.
Economy · November 5, 2026Green energy corridor ministerial meeting planned for Bucharest
Talks are being prepared for late November as project participants work on investor engagement and financing arrangements.