Economy

Oil prices decrease on world markets

Price for July of 2021 agreement on the exportation of Brent crude oil has decreased by 1,91% to stand at $ 67,25 for a barrel during trade operations held in ICE London Intercontinental Exchange, Baku Tribune.

Oil prices increase

Price for July of 2021 agreement on the exportation of Brent crude oil has increased by 0.24% to stand at $ 66,94 for a barrel during trade operations held in ICE London Intercontinental Exchange, Baku Tribune reports.

Price of Brent crude oil decreases, while WTI increases

Price for July of 2021 agreement on the exportation of Brent crude oil has decreased by 0,02% to stand at $ 65,86 for a barrel during trade operations held in ICE London Intercontinental Exchange, Baku Tribune reports.

Azerbaijani oil prices slightly decrease

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

Oil prices drop on world markets

Oil prices have decreased on the world markets.

World Bank raises 2021 oil price forecast

Oil prices are expected to average $56/bbl in 2021 before rising to $60/bbl in 2022, a substantial upward revision from the October report, Baku Tribune reports.

Oil prices increase again

Price for June of 2021 agreement on the exportation of Brent crude oil has increased by 1.01% to stand at $ 67,73 for a barrel during trade operations held in ICE London Intercontinental Exchange, Baku Tribune reports.

SOCAR intends to increase production in Umid field

1,09 bln. cubic meter gas was produced from Umid gas-condensate field, located in Azerbaijani sector of the Caspian Sea, last year, which is 28.2% more in annual comparison, Deputy Chairman of Public Relations and Events Management Department of SOCAR Ibrahim Ahmadov told Baku Tribune.

Azerbaijan ranks second among Islamic Development Bank member countries towards achieving SDGs targets

Azerbaijan has ranked 2nd in terms of achieving the Sustainable Development Goals (SDGs) targets among the 57 Islamic Development Bank (IsDB) member countries, according to the new report published by the Islamic Research and Training Institute (IRTI) of the IsDB Group.

German economy probably shrank 1.8% in first quarter due to lockdown, institutes say

The German economy probably shrank by 1.8% in the first quarter because of COVID-19 restrictions, leading economic institutes said on Thursday as they revised their joint growth forecast for Europe’s largest economy, Baku Tribune reports citing Reuters.

Azerbaijani oil prices increase

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

Oil prices fall on world markets

Oil prices have decreased on the world markets.

Amazon workers vote against unionizing in Alabama

American e-commerce firm Amazon's workers on Friday voted against unionizing in the state of Alabama, according to the National Labor Relations Board (NLRB) results.

260 projects inked under China-Singapore connectivity initiative

A total of 110 business cooperation and 150 cross-border financing projects have been inked within the framework of a China-Singapore connectivity initiative, as of the end of March, according to a report released Friday.

Oil prices decrease again

Price for June of 2021 agreement on the exportation of Brent crude oil has decreased by 0.40% to stand at $62,95 for a barrel during trade operations held in ICE London Intercontinental Exchange, Baku Tribune reports.

Construction of new Hadrut-Jabrayil-Shukurbayli highway is underway

Project of Hadrut-Jabrayil-Shukurbayli was launched immediately after after groundbreaking ceremony of the new highway during the visit of President of the Republic of Azerbaijan, Commander-in-Chief of the Armed Forces Ilham Aliyev and First Lady Mehriban Aliyeva to the liberated Fizuli and Khojavend regions on March 15, Baku Tribune reports.

Azerbaijani oil prices decrease

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

Ryanair narrows loss forecast for year to end-March

Ryanair on Wednesday said it expected to post a smaller than expected loss in the year to the end of March and said the Irish airline expected to be “close to breakeven” in its current financial year, Baku Tribune reports citing Reuters.

Oil gains over 1% on strong U.S., China economic data

Strong economic data from China and the United States helped lift oil prices by more than 1% on Tuesday, recouping some of the previous session’s losses, APA reports citing Reuters.

Oil prices jump on world markets

Oil prices have increased on the world markets.

Dollar remains at 76.39 rubles

The dollar remained unchanged at 76.39 rubles at the opening of trading on the Moscow Exchange on Tuesday.

TURKUAZ project launches first container block train

The first express container block train under the TURKUAZ project has left from Paysan station in Turkey. İt consists of 21 containers, each 45 feet long, loaded with plant-based animal supplements.

Global Ambassador's Journal: Azerbaijan as an ancient center of trade and transport

Global Ambassador's Journal has published an article by Ambassador of the Republic of Azerbaijan to the Kingdom of the Netherlands Fikrat Akhundov headlined “Azerbaijan as an ancient center of trade and transport”.

Azerbaijan becomes second largest gas supplier of Turkey in January 2021

Azerbaijan exported 1.11 billion cubic meters of natural gas to Turkey in January 2021, becoming the country`s second largest gas supplier after Russia.

Oil prices on world markets

On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.60 to trade at $63.54

First vessels start navigating through Suez Canal

First vessels started passing through the Suez Canal after six days of blocking, according to data of the Marinetraffic service.

Azerbaijani oil sells for $61,31

Azerbaijani oil price has decreased on the world markets.

North-South Corridor an alternative for Suez Canal, Iran envoy

Iran's Ambassador to Russia Kazem Jalali said on Sunday that the necessity of completing the International North–South Transport Corridor (INSTC) has once again been highlighted by the large container ship blocking Suez Canal, resulting in over 9 billion dollars of daily loss for the global economy, IRNA news agency reported.