The price of a barrel of Brent North Sea oil for the first time since July 2009 has fallen below $ 63. Analysts called the drop in oil prices one of the main reasons for the decline of the ruble.
During today's trading on the ICE Futures Exchange, Brent futures price for delivery in January 2015 fell to $ 62.93 per barrel, which is 1% lower than yesterday's auction and the lowest level since July 17, 2009. The cost of January futures WTI crude oil fell to $ 58.86 barrel today.
On Friday, the OPEC oil basket price fell another 1.4% and for the first time in more than five years it dropped to the level of $ 60 per barrel.
During today's trading on the Moscow Exchange the value of the dollar and the euro set a new historical record. The euro rose to 71.35 rubles, while the dollar rose to 58 rubles. -02D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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