Industry

Apple posts largest decline in sales since 2019

Apple’s overall sales decreased 5% year-on-year during the first fiscal quarter, which ended Dec. 31, 2022, the largest decline since 2019, according to Anadolu Agency.   According to a report on quarterly earnings from the US-based global tech giant on Thursday, Apple’s revenue decreased to $117.2 billion in October-December 2022, down from $123.9 billion in […]

Industry

US, allies agree on $100 and $45 as maximum price levels for Russian petroleum products

The Price Cap Coalition has agreed to set two price levels for seaborne Russian petroleum products, the G7 and Australia said in a joint statement released by the US Treasury on Friday, according to TASS.   “The maximum price for premium-to-crude products will be 100 US dollars per barrel and the maximum price for discount-to-crude […]

Industry

Entire Europe will benefit from Ion-Adriatic Pipeline – vice PM of Montenegro

BAKU, Azerbaijan, The implementation of the Ion-Adriatic Pipeline (IAP) will be beneficial not only for Montenegro, but also for the entire region, Ervin Ibrahimović, Vice Prime Minister and Minister of Capital Investments of Montenegro, said at the ministerial meeting of the Southern Gas Corridor Advisory Council held in Baku, Trend reports.   According to the […]

Industry

Azerbaijani oil prices decrease

BAKU, Azerbaijan, The price of Azeri LT CIF Augusta totaled $84.14 per barrel on February 2, 2023, decreasing by $2.27 compared to the previous price, Trend reports referring to the source from the country’s oil and gas market.   The price of Azeri LT FOB Ceyhan amounted to $82.26 per barrel, down by $2.26 as […]

Industry

Gas supply to Southeastern Europe to be ensured, thanks to Azerbaijan’s foresight – Croatian official

BAKU, Azerbaijan, The Ionian-Adriatic Pipeline (IAP) is an example of successful cooperation with Azerbaijan, Kristina Celic, Director General for Energy at the Ministry of Economy and Sustainable Development of Croatia, said at the ministerial meeting of the Southern Gas Corridor Advisory Council held in Baku, Trend reports.   “I would like to emphasize the importance […]