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In the first half of 2021, the balance of payments was impacted mainly by restoration of prices in global commodity markets and expansion of non-oil exports, APA-Economics reports citing the information of the Central Bank.

There has been surplus amounted to USD 1,878 bln. in the current account balance, and deficit amounted to USD 0,58 bln. in capital and financial flow account.

So, in the first half of 2021, there was a surplus that amounted to USD 1 261,3 mln. (5,4% of GDP) in the general balance of payment of Azerbaijan.

Source: Azeri-Press News Agency

The price of gas in Europe exceeded $770 per 1,000 cubic meters on Tuesday, according to the ICE exchange, APA reports citing TASS.

Thus, the price of the October futures on the TTF hub in the Netherlands reached $772.1 per 1,000 cubic meters, or 63.205 euro per MWh.

Earlier on Monday, the price of natural gas in Europe has already exceeded $740, $750, and $760 per 1,000 cubic meters.

Source: Azeri-Press News Agency

The price of gas in Europe during trading on September 14 broke a record and exceeded $800 per 1,000 cubic meters, according to the ICE exchange, APA reports citing TASS.

So, the price of the October futures on the TTF hub in the Netherlands on Tuesday reached $801.2 per 1,000 cubic meters, or 65.5 euro per MWh.

Earlier, the price of gas exceeded $770, $780 and $790 per 1,000 cubic meters.

Source: Azeri-Press News Agency

In January-June of the current year, the total amount of foreign investments in the form of direct investments in Azerbaijan amounted to $2,636 billion, APA-Economics reports citing the information of Central Bank.

This figure is 25,1% more compared to the same period of the previous year.

Oil and gas sector’s share in the structure of direct investments in the country’s economy amounted to 82,8%.

Note that in 2020, the total amount of foreign investments in the form of direct investments in Azerbaijan amounted to $ 4,5 billion (an increase of 5,9%).

Source: Azeri-Press News Agency

The price of gas in Europe exceeded $810 per 1,000 cubic meters on Tuesday, according to the ICE exchange, APA reports citing TASS.

So, the price of the October futures on the TTF hub in the Netherlands reached $810.32 per 1,000 cubic meters, or 66.3 euro per MWh.

Earlier, the gas price exceeded $780, $790, and then $800 per 1,000 cubic meters, thereby breaking the previous record.

Source: Azeri-Press News Agency

The OPEC+ compliance with oil output cut deal in August increased to 116% from 109% registered in July, the International Energy Agency (IEA) said on Tuesday, APA reports citing Urdupoint.

“OPEC+ crude oil supply fell 150 kb/d in August to 41.58 mb/d, as losses from Kazakhstan, Mexico and Nigeria far offset increases driven by Saudi Arabia, Iraq and Russia. Other Gulf countries pumped slightly more as did Angola.

Overall compliance with the output pact rose to 116% from 109% the previous month, due to Kazakh maintenance and Nigerian operational issues. Nigeria, Angola and Malaysia continue to struggle with capacity declines and remain far below their targets,” the IEA said in its report.

On Monday, the OPEC said in its report that the compliance of member states with the production cuts in August increased by five percentage points month-on-month to 120%.

Source: Azeri-Press News Agency