The price of oil continues to fall from June 9. On June 15 London Commodity Exchange at the closing announced that August futures for 1 barrel of Brent crude oil reached 48.97 dollars. In comparison with the same period last year, it is cheaper at 1.76%.
Turan recalled that the previous day Brent crude oil was sold at the price of 50.02 dollars, and on June 13 - 50.22 dollars. During the last week the highest price for 1 barrel was registered on June 9 at 10:00 London time, being 52.86 dollars.
Currently in the trades on the London Mercantile Exchange at 11 pm Baku time, Brent crude oil was sold at the price of 48.43 dollars.
On the New York Mercantile Exchange crude oil costs around $ 48. -12D--
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review