Energy in Azerbaijan

[londontsi]

Re: Energy in Azerbaijan

Yet ....
"Baku, Fineko/abc.az. The gas sector can become the main direction of cooperation between Azerbaijan and Israel.

Yesterday in Baku Israeli Prime Minister Benjamin Netanyahu stated that “we are talking not only about the sale of oil, supplied by Azerbaijan to Israel and which is the key part of our country’s oil import, but also about our joint ventures for export of natural gas”.

"Speaking here today, we’re talking about the connection of Israel’s gas import to a large pipeline from Azerbaijan to Turkey, the construction of which is ongoing. This is a direction which can undoubtedly strengthen the economy of both countries. I think this will be even a more important achievement," Netanyahu said."

http://abc.az/eng/news/100770.html

Cyprus talks: Turkish troops will remain on island, vows Erdoğan

https://www.theguardian.com/world/2017/jan/13/cyprus-talks-turkish-troops-will-remain-on-island-vows-erdogan

President says Turkish troops will be on island in perpetuity and proposed terms of rotating presidency are unacceptable


The Turkish president, Recep Tayyip Erdoğan, appears to have thrown an obstacle in the path to a Cyprus peace settlement, saying Turkish troops will be on the island in perpetuity.

Speaking after talks in Geneva were adjourned, Erdoğan also said on Friday that the envisaged terms of a rotating presidency for a unified island were unacceptable. The terms were a cornerstone of planned new governance arrangements.

The remarks, taken at face value, suggest UN peace efforts have probably not got as close to a deal as the UN sought to suggest at the end of the four days of talks on Thursday.

The conference ended with an agreement that officials would restart detailed talks on 18 January. No date was set for a further meeting at the political level.
Fear and loathing in Nicosia: will peace talks unify Europe's last divided capital?
Read more

A peace settlement for the island, divided since 1974, would need a new form of security guarantee, and Greek Cypriots are demanding a timetable for the removal of 30,000 Turkish troops.
......

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[londontsi]

Re: Energy in Azerbaijan

Azerbaijan GDP YoY 2006-2017 | Data | Chart | Calendar | Forecast | News

http://www.tradingeconomics.com/azerbaijan/leading-economic-index

The Azeri economy shrank 3.8 percent year-on-year in 2016, compared to a 1.1 percent expansion in 2015 and worse than earlier estimates from the Economy Minister of a 2.8 percent contraction. Construction was the main drag on growth, decreasing by 27.6 percent. The World Bank expects the GDP to advance 1.2 percent in 2017 amid a stabilization in commodity prices. Leading Economic Index in Azerbaijan averaged 10.26 percent from 2006 until 2016, reaching an all time high of 116.10 percent in September of 2012 and a record low of -4.50 percent in April of 2016.

[Azad]

Re: Energy in Azerbaijan

"Oil falls as signs of U.S. output rise overshadow OPEC-led cuts

Oil prices fell one percent on Monday as signs of a strong recovery in U.S. oil drilling activity outweighed news that OPEC and non-OPEC producers were on track to meet output reduction goals set in December."

http://www.reuters.com/article/us-global-oil-idUSKBN15701M

[Azad]

Re: Energy in Azerbaijan

This is the type of news Armenia needs. azeris are down to two years of survival.

"Azerbaijan: Energy Hopes vs. Italian Olive Groves

"Azerbaijan also has long insinuated, without proof, that Russia may be behind the protests. “In the end, the campaign against TAP gas pipeline will suit Russia,” said another SOCAR vice president, Elshad Nashirov. In 2014, then-NATO Secretary General Anders Fogh Rasmussen said that “Russia, as part of their sophisticated information and disinformation operations, engaged actively with so-called non-governmental organizations, environmental organizations working against shale gas, obviously to maintain European dependence on imported Russian gas.” Rasmussen acknowledged, though, that he had no proof. “That’s my interpretation.”

Meanwhile, an Italian member of parliament is under investigation for accepting more than $2 million in bribes in order to oppose a human rights report on Azerbaijan that could have threatened the pipeline’s approval.

Azerbaijan also has asked for American help in overcoming the Italian intransigence. "

http://www.valuewalk.com/2017/01/azerbaijan-energy-hopes-vs-italian-olive-groves/

^^^ You should read the full article. It is very funny how the azeris are getting a pipeline up their ...

[Azad]

Re: Energy in Azerbaijan

"Trump’s Border Tax Plan Could Cause A Global Oil Price Shock"

This morning, in a note titled "Destination-based taxation and the oil market", Goldman's Damien Courvalin focused on this issue and found that the price gain from shift to destination-based border adjusted corporate tax would prompt US drillers to “sharply increase activity" as a result of lower US corporate tax rates, which would aggressively incentivize shale drilling, resulting in a global oil price shock, sending domestic prices spiking, as global prices slide."

http://oilprice.com/Latest-Energy-News/World-News/Trumps-Border-Tax-Plan-Could-Cause-A-Global-Oil-Price-Shock.html

[Azad]

Re: Energy in Azerbaijan

Azerbaijan also has asked for American help in overcoming the Italian intransigence. "

"U.S. shale oil and gas sector surges back to life

The number of rigs drilling for oil and gas in the United States has recorded the largest one-week increase for over five years, confirming a rapid upturn is now underway.

The number of active oil and gas rigs jumped by 35 to 694 last week, according to oilfield services company Baker Hughes.

Some of the increase may have been due to catch-up effects since the rig count unexpectedly declined by six the previous week. The average across the two weeks was in line with the recent trend.

But there is no denying a rapid and sustained upturn is now underway which could pose challenges for the Organization of the Petroleum Exporting Countries and for shale drillers themselves.

The total number of rigs drilling for oil and gas has risen by 290, or more than 70 percent, from its cyclical low point at the end of May 2016.

The number of rigs targeting oil-bearing formations has rise by 235, or nearly 75 percent, from the cycle low at end-May.

Rigs targeting primarily gas-bearing formations have also rebounded by 61, or 75 percent, from a own low in late August.

http://www.reuters.com/article/us-usa-drilling-kemp-idUSKBN1571JC

[londontsi]

Re: Energy in Azerbaijan

Although this information video may relate to traders, it gives some idea of projected price action as we move forward.
This lady is a well known and respected analyst. The method she is using is Elliott Wave Analysis.

I want to worn you that she is using a monthly chart therefore events should take some time as the suggested price action unwinds.

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[armnuke]

Re: Energy in Azerbaijan

Will Belarus be able to substitute Russian oil by deliveries from Iran and Azerbaijan?

[...] Deliveries from Azerbaijan were another alternative to the Russian oil, the President of Belarus said earlier. According to Reuters, Belarus received 560,000 of oil from Azerbaijan in 2016 but supplies halted in January 2017.
The Azeri oil cannot be all-time feedstock for Belarus refineries, analysts said. "Azerbaijan simply has no surplus oil. Their production is declining and will drop by several percent by 2020. They have a problem with loading the Baku-Tbilisi-Ceyhan oil pipeline. Furthermore, Azerbaijan has premium oil and will not sell it with a discount," Nesterov said.

http://tass.com/economy/931603

[Azad]

Re: Energy in Azerbaijan

Let us keep our fingers crossed

"Biggest gasoline glut in 27 years could crash oil markets

Oil prices are stuck in a holding pattern, waiting for more definitive data on what comes next. OPEC compliance is helping keep prices afloat, but rising US oil production is acting as a counterweight.
A new problem that has suddenly emerged is the record levels of gasoline sitting in storage. The market has already had to digest the fact that US crude oil stocks were rising, and investors have done their best to explain away the trend. But now gasoline inventories are climbing to unexpected heights.

In fact, the glut of gasoline is now the worst in 27 years. At 259 million barrels, US gasoline storage levels are now at their highest level since the EIA began tracking the data back in 1990."

https://www.rt.com/business/378099-gasoline-glut-oil-prices/

[Azad]

Re: Energy in Azerbaijan

We are almost there ... One year max, if all stays the same there will be blood in the streets of baku.

"Azerbaijan, future gas supplier to Europe, faces shortfall at home"

https://uk.finance.yahoo.com/news/azerbaijan-future-gas-supplier-europe-082902912.html