Cost of oil grows, and Brent is at $86.39 a barrel ABC.AZ

Cost of oil grows, and Brent is at $86.39 a barrel

09:30 - 25.01.2023

January 25, Fineko/abc.az. Prices for oil of benchmark grades are increasing in Wednesday’s trading after falling the day before.

The price of March Brent crude futures at the London ICE Futures Exchange rose by $0.26 (0.30%) up to $86.39 per barrel by 09:25 am. Following the trading on 24 January, Brent crude futures for March fell by $2.06 (2.34%) to $86.13 per barrel.

By 09:25 am, the price of WTI oil futures for March on the electronic trading of the New York Mercantile Exchange (NYMEX) increased by $0.14 (0.17%) up to $80.27 per barrel. Following the trading on 24 January, the price of March WTI oil futures declined by $1.49 (1.83%) to $80.13 per barrel.

News

Azerbaijan launches exporting carbamide fertilizers to a European country
The carbamide plant of the State Oil Company (SOCAR) exported carbamide fertilizers to Slovenia for the first time.

31 March 2023

No more than 5% per annum of amount may be collected from debtor for delay
If a transaction is concluded using electronic information systems in compliance with the relevant requirements, it will be considered a written transaction.

31 March 2023

Central Bank: Deposits are mainly placed for 1-3 year term

31 March 2023

Samsung regains its 1st place in global smartphone market
Samsung (S Korea) was able to regain the primacy in the global smartphone market.

31 March 2023

Changes in Gabala cannery reported
The new head of Pepsi Bottlers Azerbaijan (Mars Overseas Baku Ltd) of the Gabala canning factory has been appointed.

31 March 2023

AMCGF gave mortgage loans for AZN 2.525 bn
The data on the number and amount of mortgage loans given through the Azerbaijan Mortgage & Credit Guarantee Fund has been published.

31 March 2023

Serious decline in Meqa Sığorta — What is happening in the company?
The net profit of Meqa Sığorta decreased almost by 4%.

31 March 2023

British company to begin production at Zafar gold deposit in 2024
British company Anglo Asian Mining plans to start production at the new gold and copper deposit Zafar (Victory) in the west of Azerbaijan in 2024

31 March 2023

Ilham Aliyev has given time to Central Bank
The Central Bank of Azerbaijan is to approve the standard form of information.

31 March 2023

Joe Biden appeals to regulatory authorities of banking sector

31 March 2023

President Ilham Aliyev to receive electric car Togg
Turkish-made electric car Togg will be presented to President Ilham Aliyev, ABC.AZ reports, quoting Turkish Industry & Technology Minister Mustafa Varank.

31 March 2023

German companies' investments in China achieve record level
According to German Institute of Economics’ (IW) estimates, German companies' investments in China have grown significantly over the past two years.

31 March 2023

Azerbaijan exported gold for $9.3 million last month
Azerbaijan exported gold for $9.3 million in February 2023, ABC.AZ reports with reference to the Center for Analysis & Communication of Economic Reforms.

31 March 2023

Israel creates orchards in Azerbaijan
Israel has launched a pilot project to plant apples, pomegranates, cherries, peaches and nectarines in Azerbaijan

31 March 2023

New appointment at Customs Committee
By order of State Customs Committee’s chairman Shahin Bagirov, the new head of Shakhtakhti customs post has been appointed.

31 March 2023

Invest-Az has serious cuts – will the company close?
The return on average (ROA) of assets owned by investment company Invest-Az decreased by 2.73%.

31 March 2023

AZN 6.7 million financed for a road project in Zagatala district

31 March 2023

Azerkosmos exported services to 39 countries of world
Space agency Azerkosmos in Azerbaijan exported services (satellite telecommunications and optical satellite services) for $3.6 million in 39 countries of the world

31 March 2023

Azerenergy is Azerbaijan’s largest state non-oil exporter
Azerenergy was the largest exporter of non-oil products ($227.2 million) from Azerbaijan among state-governed companies for Jan-Feb 2023.

31 March 2023

List of Azerbaijan’s private companies with largest non-oil exports
In February, the cost of non-oil exports through One Stop Shop Export Support Center amounted to $17.5 million.

31 March 2023

Electricity exports reach $154.8 million for February
Azerbaijan exported non-oil products for $167.2 million to Turkiye this February.

31 March 2023

Azerbaijan’s exports to this country totaled $19.4 million for Jan-Feb
Azerbaijan’s non-oil sector exported goods for $273.9 million to Turkiye for Jan-Feb 2023.

31 March 2023

Cost of farm products increased by 91% for Jan-Feb
The statistical value of joint exports of agricultural and agro-industrial products amounted to $124.8 million.

31 March 2023

Non-oil exports grew by 36.6% for past 2 months
Azerbaijan's total exports amounted to $4.5 bn and non-oil exports $651.4 million for Jan-Feb 2023.

31 March 2023

List of countries where Tik Tok is most often used
The list of countries that use the Tik Tok platform more often has been published.

31 March 2023

MP: Tax deduction from deposits reduced volume of deposits
Taxation of deposit income in banks since last month has led to decrease in the volume of population’s deposits in banks.

31 March 2023

Will the center of Baku be transferred?
Today, the work on the transfer in many districts of Baku is very important from angle of urban planning. Both transport and social infrastructure are unprofitable in the center of Baku.

31 March 2023

Will gasoline become cheaper in Azerbaijan? - VIDEO
Oil prices on the world market have fallen. Currently, oil is sold on the market at price of $72 a barrel.

31 March 2023

Growth of centralization is observed in banking sector of Azerbaijan
There is tendency in the banking system of Azerbaijan to increase the level of centralization (concentration in one or several hands).

31 March 2023

Georgia suspends gasoline imports from Azerbaijan since January
Since January 2023 Georgia has stopped importing gasoline and diesel fuel from Azerbaijan

31 March 2023

Elon Musk criticized U.S. financial policy
Tight monetary policy in the U.S. forces foreign countries to abandon the dollar.

31 March 2023

Cost of oil drops, and Brent is at $78.42 a barrel
Prices for oil of benchmark grades are declining in Friday’s trading after rising the day before.

31 March 2023

Central Bank currency rates for 31 March
Azerbaijani manat rate has fallen to the euro and grown to the Turkish lira, while is stable to the US dollar and to the Russian ruble.

31 March 2023

Economist: Cost of these cars to be increased
Of course, the prices of cars covering these years will definitely rise, as well as negatively affect purchasing power.

30 March 2023

Company of Peskov's daughter dramatically increased revenue
Advertising agency Centrum Moscow, owned by Elizaveta Peskova, the daughter of Russian president’s press secretary, earned a record 137 million rubles in 2022.

30 March 2023

Volume of problem loans in Azerbaijan has increased
As of 1 March 2023, the volume of overdue loans in Azerbaijan amounted to AZN 606.1 million (3.8% more than on 1 February 2023)

30 March 2023

Money transfers from Azerbaijan for 2022 increased by 0.5%
The money transfers from Azerbaijan abroad amounted to $664.798 million last year.

30 March 2023

Construction works in Shusha to be suspended in this case

30 March 2023

Money transfers to Azerbaijan increased 3.2-fold in 2022
Individuals’ money transfers to Azerbaijan amounted to $3.62 bn in 2022 (3.2-fold more than in 2021), ABC.AZ reports with reference to the Central Bank of Azerbaijan.

30 March 2023

Banks’ net profit grew by 45% and operating profit by 55%

30 March 2023

MP: Executive power to be abolished
The issue of liquidation of the executive power has been on agenda for a long time. I’ve repeatedly raised this issue. I’ve already said that the duties of the executive authorities should be transferred to authorized representatives

30 March 2023

News
Most popular

Azerbaijan launches exporting carbamide fertilizers to a European country
31 March 2023
No more than 5% per annum of amount may be collected from debtor for delay
31 March 2023
Central Bank: Deposits are mainly placed for 1-3 year term
31 March 2023
Samsung regains its 1st place in global smartphone market
31 March 2023
Changes in Gabala cannery reported
31 March 2023
AMCGF gave mortgage loans for AZN 2.525 bn
31 March 2023
Serious decline in Meqa Sığorta — What is happening in the company?
31 March 2023
British company to begin production at Zafar gold deposit in 2024
31 March 2023
Ilham Aliyev has given time to Central Bank
31 March 2023
Joe Biden appeals to regulatory authorities of banking sector
31 March 2023
President Ilham Aliyev to receive electric car Togg
31 March 2023
German companies' investments in China achieve record level
31 March 2023
Azerbaijan exported gold for $9.3 million last month
31 March 2023
Israel creates orchards in Azerbaijan
31 March 2023
New appointment at Customs Committee
31 March 2023
Invest-Az has serious cuts – will the company close?
31 March 2023
AZN 6.7 million financed for a road project in Zagatala district
31 March 2023
Azerkosmos exported services to 39 countries of world
31 March 2023
Azerenergy is Azerbaijan’s largest state non-oil exporter
31 March 2023
List of Azerbaijan’s private companies with largest non-oil exports
31 March 2023
Electricity exports reach $154.8 million for February
31 March 2023
Azerbaijan’s exports to this country totaled $19.4 million for Jan-Feb
31 March 2023
Cost of farm products increased by 91% for Jan-Feb
31 March 2023
Non-oil exports grew by 36.6% for past 2 months
31 March 2023
List of countries where Tik Tok is most often used
31 March 2023
MP: Tax deduction from deposits reduced volume of deposits
31 March 2023
Will the center of Baku be transferred?
31 March 2023
Will gasoline become cheaper in Azerbaijan? - VIDEO
31 March 2023
Growth of centralization is observed in banking sector of Azerbaijan
31 March 2023
Georgia suspends gasoline imports from Azerbaijan since January
31 March 2023
Elon Musk criticized U.S. financial policy
31 March 2023
Cost of oil drops, and Brent is at $78.42 a barrel
31 March 2023
Central Bank currency rates for 31 March
31 March 2023
Economist: Cost of these cars to be increased
30 March 2023
Company of Peskov's daughter dramatically increased revenue
30 March 2023
Volume of problem loans in Azerbaijan has increased
30 March 2023
Money transfers from Azerbaijan for 2022 increased by 0.5%
30 March 2023
Construction works in Shusha to be suspended in this case
30 March 2023
Money transfers to Azerbaijan increased 3.2-fold in 2022
30 March 2023
Banks’ net profit grew by 45% and operating profit by 55%
30 March 2023
MP: Executive power to be abolished
30 March 2023

Bank of America warns about liquidity problems
30 March 2023
About 140 Israeli companies operate in Azerbaijan
29 March 2023
Procedure for obtaining visas by foreigners for F1 race simplified
29 March 2023
Several pharmaceutical plants to be built on territory of Alat FEZ
29 March 2023
Russian MTS-Bank stops transfers in Azerbaijani manats
29 March 2023
Road tax to be levied on vehicles passing through Azerbaijan in transit
29 March 2023
MP: Medicines are cheaper in Azerbaijan than in Turkiye
29 March 2023
Russia loses European market and becomes dependent on China
29 March 2023
Azerbaijan observes growth on premiums and payments on this type of insurance
29 March 2023
MP: Executive power to be abolished
30 March 2023
Sales of Redmi Note series phones exceed 320 million
29 March 2023
Israeli FM: We thank Ilham Aliyev for decision to open Azerbaijani Embassy in Israel
29 March 2023