In the evening on 27 August at the international trading the price for Brent crude oil cost more than $47, thus, the price of oil rose for the day by $3, or 9%. The reason for this is a decline of the US reserves, and the strengthening the stock market of America. The oil price increased in the USA as well, where the price for oil Light Sweet rose by 10% to $42.
Experts point out that this is the most significant one-day rise in oil prices since 2009, but cannot say whether this will be a long-term growth.
Overall assessments of experts remain pessimistic, and in the long term they are talking about the price of 50 dollars per barrel.
Thus, the experts by Reuters believe that the general trend in the market will further decline in oil prices. -02D-
Economics
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Temporary suspension of gas supplies from Azerbaijan to Serbia will be avoided, Serbian President Aleksandar Vucic announced on Sunday.
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On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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