Economy

Gas prices increase on world markets

The price of futures quotes for natural gas at the NYMEX (New York Mercantile Exchange) has increased, Baku Tribune reports

Gas prices may climb to $3,000 per 1,000 c/m amid fuel crisis, says expert

The current energy crisis could bring gas prices to $3,000, or even higher, when China starts securing its supplies, Mamdouh Salameh, an international energy economist and visiting professor of energy economics at the ESCP Europe Business School in London, said in an interview, Baku Tribune reports citing Sputnik.

Azerbaijani oil price surpasses USD 83

The price of Azeri Light (CIF) crude oil has increased on the world market, Baku Tribune reports.

Eurozone manufacturing PMI sees largest drop since April 2020

The eurozone Purchasing Managers’ Index (PMI) for the manufacturing sector registered the largest drop in September since April 2020 as supply-side constraints continued to impact goods producers, according to data released on Friday.

Oil up over estimated fall in US crude stocks, tight supply

Oil prices increased on Wednesday on the back of an estimated decrease in US crude inventories, while tight supply after two hurricanes in the US Gulf of Mexico, and soaring demand is also supporting further price gains.

Oil prices jump on world markets

Oil prices have increased on the world markets.

Azerbaijan, Russia agreed on seasonal gas swap

Azerbaijan and Russia agreed to cooperate in seasonal natural gas swaps. The relevant contract was signed between Azercontract and Gazprom, the Azerbaijani news agency Report said on Tuesday.

Turkey was Azerbaijan’s top importer among OIC countries

Turkey, Tunis and Libya were the top three importers of Azerbaijan among OIC countries in January-May of this year, according to the country’s State Customs Committee.

Azeri Light crude price exceeds $76.5

Azerbaijani oil price has increased on the world markets.

BP invests $7 million in electric vehicle charging technologies

BP invested $7million in smart electric vehicle (EV) charging firm, IoTecha, leading a $13.2 million investment round, the company said in a statement Tuesday.

Oil prices jump on world markets

On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $0,25 to trade at $75,15, while the price of Light crude oil at the NYMEX (New York Mercantile Exchange) increased $0,02 to stand at $73,68.

Azeri Light crude sells for $74,54

Azerbaijani oil price has increased on the world markets.

Azerbaijani oil sells for more than $75

Azerbaijani oil price has increased on the world markets.

Journalists got acquainted with the EU projects in Azerbaijan

Media representatives continue to get acquainted with the projects implemented by the European Union in the regions of Azerbaijan.

Oil prices jump on world markets

Oil prices have increased on the world markets.

Azeri Light crude sells for $71,80

Azerbaijani oil price has increased on the world markets.

Oil prices jump on world markets

Oil prices have increased on the world markets.

Russia, Pakistan agree to build Pakistan Stream gas pipeline

Russia and Pakistan signed an agreement to build the Pakistan Stream natural gas pipeline, Russia's Energy Ministry said Friday.

Economic Watch: China's steel industry embraces green shift for carbon-cutting commitment

Forging ahead toward a greener future, China is ever more committed to transforming the steel industry into a low carbon-emitting one amid its long-term green pledges.

Meat production has been increased in Azerbaijan

In January-April 2021, 176.3 thousand tons of meat in live weight, 672.3 thousand tons of milk, 624.7 million eggs and 2.3 thousand tons of wool were produced in Azerbaijan.

UK has still made more than 30$ billion of investments in Azerbaijan

The trade turnover between Azerbaijan and the UK increased in 2019 by 34 percent and amounted to USD 704.6 million.

Oil prices jump on world markets

Oil prices have increased on the world markets.

Azeri Light crude sells for 69.26

Azerbaijani oil price has increased on the world markets.

Azeri Light crude sells for more than $69

Azerbaijani oil price has increased on the world markets.

Washington DC gas shortage reaches critical level

The majority of gas stations in the United States capital Washington DC have now run out of fuel, days after a major cyberattack forced the nation’s largest gasoline pipeline offline.

Economic Watch: Turkey-China commerce moves forward despite pandemic

Turkey and China have managed to further develop and diversify their growing trade relationship despite the COVID-19 pandemic as they celebrate the 50th anniversary of diplomatic ties this year.

Amazon’s $300M EU fine canceled

The European Court of Justice annulled on Wednesday the European Commission’s decision on ordering the e-commerce company Amazon to pay back €250 million ($303 million) plus interest to Luxembourg.

Huawei 5GtoB solution aims at 1,000 smart factories

Chinese telecoms giant Huawei announced Saturday an action plan to "light up" 1,000 smart factories with its 5GtoB solution, in a bid to accelerate China's industrialization process, Baku Tribune reports citing Xinhua.