MOSCOW (AP) — A strong explosion shook the Caspian Sea area where Azerbaijan has extensive offshore oil and gas fields and a column of fire rose late Sunday, but the state oil company said none of its platforms were damaged.
The cause of the blast was not immediately determined, but state oil company SOCAR said preliminary information indicated it was a mud volcano.
The Caspian Sea has a high concentration of such volcanoes, which spew both mud and flammable gas.
SOCAR spokesman Ibrahim Ahmadov was quoted by the Azerbaijani news agency APA as saying the blast took place about 10 kilometers (6 miles) from the Umid gas field, which is 75 kilometers (45 miles) off the coast of the capital, Baku.
Before you consider ONE, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ONE wasn't on the list.
While ONE currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for July 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
