Category Archives: Industry

Azerbaijani ambassador meets with Russian St. Petersburg’s governor

Azerbaijani Ambassador to Russia Polad Bulbuloghlu visited Russia’s Saint Petersburg city and met with Governor Alexander Beglov during the visit, Trend reports citing the Azerbaijani Embassy in Russia. During the meeting, the sides discussed issues related to preparation for Azerbaijan’s participation in the 9th St. Petersburg International Cultural Forum, which will be held on November 12-14, 2020.

Azerbaijani oil prices on the rise

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, rose by 23 cents on Sept.25 compared to the previous price, making up $41.76 per barrel, Trend reports with reference to the source from the country’s oil and gas market. The price of Azeri LT FOB Ceyhan amounted to $41.24 per barrel on

Weekly review of Azerbaijan’s precious metals market

Last week, an ounce of gold in Azerbaijan decreased by 136.36 manat (4.1 percent). The average price of one ounce of gold amounted to 3,223.86 manat, which is 2.9 percent less compared to last week. Last week, the price of an ounce of silver in Azerbaijan dropped by 6.0565 manat (13.3 percent). Accordingly, the average

Azerbaijani oil price increases on world markets

Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.23 to stand at $41.76.   Source: Azerbaijan State News Agency

Oil prices drop on world markets

Oil prices have decreased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.02 to trade at $41.92, while the price of Light crude oil at the NYMEX (New York Mercantile Exchange) decreased $0.06 to stand at $40.25.   Source: Azerbaijan State News Agency

Global steel output edges up in August, buoyed by strong China production

Global crude steel production edged up in August as buoyant output in top producer China offset coronavirus-related declines in most of the rest of the world, data from the World Steel Association showed on Thursday, APA reports citing Business Standard.   But the coming months may see diminished output growth in China, the world’s top

Azerbaijani oil prices decrease

The price of Azeri Light (CIF) crude oil has decreased on the world market, APA-Economics reports.   The price of a barrel of Azerbaijani oil has decreased by $ 0,93 or 2.2% to stand at $ 41,53   Source: Azeri-Press News Agency