Brent crude oil today for the first time in five years has fallen below $ 68 per barrel. The quotes of Brent crude for delivery in January 2015 this morning fell to $ 67.56 per barrel.
During the opening of electronic trading on the night of December 1 the price fell by $ 2 in an hour. General fall in prices of oil futures has continued from November 27, after the meeting of oil ministers of the OPEC countries decided not to cut the oil production quotas.
According to experts, the low price of oil will continue, at least, in the first half of 2015.
Amid falling oil prices the price of the Russian currency has sharply dropped. The euro exchange rate during the auction on Moscow Stock Exchange rose above 65 rubles on December 1. The USD exchange rate rose above 52 rubles. -02D-
Economics
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As Azerbaijan gears up to host the 29th UN Climate Change Conference of the Parties (COP29), the State Migration Service (SMS), in partnership with the COP29 Organizing Committee and COP29 Azerbaijan operating company, has implemented measures to simplify migration registration, enhance information dissemination, and expedite issue resolution for incoming delegates. Ulvi Aliyev, a representative from the SMS, highlighted these efforts during a briefing at Heydar Aliyev International Airport as part of a media tour organized to showcase Azerbaijan's preparations for the event.
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Baku - The Government of Azerbaijan, in collaboration with relevant agencies, continues to explore carbon pricing scenarios as part of its commitment to sustainable development and climate action. This was announced by Samira Musayeva, Deputy Chairman of the State Tax Service, during the 5th Dialogue on Sustainable Development Goals in Baku, themed "Voices of the Future: Coordination of Climate Action and Global Goals."
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Azerbaijan's Information and Communication Technologies Agency (ICTA), the country's regulatory body for telecommunications and postal services, conducted a regular training session under the “Competition Safeguards” project, supported by the European Bank for Reconstruction and Development (EBRD), the agency reported on Tuesday.
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The United Nations has supported Azerbaijan's COP29 presidency in its efforts to prepare for the largest climate conference of the year, UN Resident Coordinator in Azerbaijan Vladanka Andreyeva said on Tuesday at ADA University. The statement was part of a Sustainable Development Goals dialogue titled “Echoes of the Future: Climate Action and Coordination of Efforts Toward Global Goals,” co-organized by Azerbaijan’s Ministry of Economy and the UN office in the country.
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