Louisiana Light • 4 days | 78.61 | -1.95 | -2.42% | |||
Bonny Light • 3 days | 81.28 | +1.10 | +1.37% | |||
Opec Basket • 4 days | 85.00 | +1.11 | +1.32% | |||
Mars US • 30 days | 79.71 | -2.05 | -2.51% | |||
Gasoline • 2 days | 2.121 | -0.055 | -2.51% |
Bonny Light • 3 days | 81.28 | +1.10 | +1.37% | |||
Girassol • 3 days | 81.92 | +1.12 | +1.39% | |||
Opec Basket • 4 days | 85.00 | +1.11 | +1.32% |
Peace Sour • 2 days | 59.71 | -1.90 | -3.08% | |||
Light Sour Blend • 2 days | 63.56 | -1.90 | -2.90% | |||
Syncrude Sweet Premium • 2 days | 68.16 | -1.90 | -2.71% | |||
Central Alberta • 2 days | 61.71 | -1.90 | -2.99% |
Eagle Ford • 4 days | 72.44 | -1.90 | -2.56% | |||
Oklahoma Sweet • 4 days | 72.00 | -2.00 | -2.70% | |||
Kansas Common • 7 days | 65.00 | -0.75 | -1.14% | |||
Buena Vista • 5 days | 83.98 | +1.45 | +1.76% |
After a two-month hiatus, China…
In 2022, global imports climbed…
Julianne Geiger
Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.
At least one oil worker is dead, with another nine missing early on Thursday, after an offshore oil rig operated by Azerbaijan’s state-run oil firm SOCAR, company officials have said.
The accident was caused by 90mph winds, causing a 500-foot walkway and a cabin where workers go to rest to break off from the rest of the rig, collapsing into the Caspian Sea. Ten workers were swept away in the incident.
Winds often reach that speed in the cold season in that area, which is December through February.
Rescuers, were dispatched to search for the missing men. “One body was found and a search-and-rescue operation for nine missing workers is under way," Balamirza Agarakhimov, a deputy head of SOCAR subsidiary Azneft, told Reuters.
The ramp, according to the expert, was built in 1978, and had undergone repairs this summer.
The offshore oil rig has been home to three other accidents in the last two years, in which five oil workers lost their lives, according to Mirvari Qahramanli, director of the Committee to Protect Oil Workers Rights, as reported by RFE/RL.
More than 30 SOCAR workers lost their life last December after another offshore oil platform—Platform 10 at Gunashli field—caught fire during a storm. A more recent fire broke out at SOCAR’s Gunashli at the end of September 2016, although no one was reported injured from that incident.
Oil output, according to Reuters, has not been affected. Azerbaijan is major player in Caspian Sea projects that deliver oil and gas to Georgia and Turkey via pipelines that circumvent Russia.
ADVERTISEMENT
By Julianne Geiger for Oilprice.com
More Top Reads From Oilprice.com:
Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group.
Oil Prices Fall Further As U.S. Crude Oil Inventories See Major Build
Second Israel-Linked Vessel Seized in the Gulf of Aden
OPEC Said To Consider Additional 1 Million Bpd Output Cut
OPEC+ Reaches Preliminary Agreement to Deepen Oil Production Cuts
Crude Oil Inventory Balloons but Gasoline, Diesel Inventories Fall
ADVERTISEMENT
The materials provided on this Web site are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Nothing contained on the Web site shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction.
Trading and investing carries a high risk of losing money rapidly due to leverage. Individuals should consider whether they can afford the risks associated to trading.
74-89% of retail investor accounts lose money. Any trading and execution of orders mentioned on this website is carried out by and through OPCMarkets.
Merchant of Record: A Media Solutions trading as Oilprice.com