Fears for a recovery in demand continue to put pressure on market participants.
The alliance is likely to extend the compensation period to October and November.
Low oil prices are affecting the financial position of the country.
Last week, Brent fell by 6.6%, WTI – 6.1%.
Commercial oil reserves in the United States increased by 2.03 million barrels last week.
SOCAR produced 124.2 thousand barrels.
The situation with oil prices has not demonstrated stability over the past 4 months.
Over the past week, world oil quotations have experienced serious volatility.