ECONOMY

Azerbaijani oil price rises again

08 April 2020, 14:20

Azerbaijan's Azeri LT CIF crude oil price traded in the financial markets has risen $0.49 or 2.09%, settling at $23.97 per barrel.

Oil rises as markets eye OPEC, Russia meeting on output cuts

08 April 2020, 11:11

Brent crude LCOc1 was up by 21 cents, or 0.8%, at $32.08 per barrel by 0639 GMT after falling 3.6% on Tuesday.

Dollar falls, riskier currencies rally on virus lockdown hopes

07 April 2020, 15:14

The dollar was last down 0.7% versus a basket of currencies =USD, mirroring improved risk sentiment across equity markets, with European shares up for a second straight day.

Russia confirms its participation in OPEC+ meeting on April 9

07 April 2020, 13:48

The conference, due to be held via a video link as a precautionary measure against the coronavirus, had been initially scheduled for April 6.

Price of Azeri Light oil decreases

07 April 2020, 13:01

The price of a barrel of Azerbaijani oil decreased by $ 0,66 to stand at $ 23,48.

Boeing shutters last commercial plane production

07 April 2020, 12:33

Boeing, which employs more than 161,000 people, the vast majority in the United States, already suspended activity indefinitely at its factories in Washington state.

Oil rises 3% on hopes for output cut as coronavirus ravages demand

07 April 2020, 11:38

Brent crude LCOc1 was up by 93 cents, or 2.8%, at $33.98 a barrel by 0431 GMT after falling more than 3% on Monday.

Apple to ship 1 mn face shields a week for medical workers

06 April 2020, 14:48

But the company had also designed its own transparent protective face shield and begun mass production at its factories in the US and China, he added.

EU clears 50 billion pound UK 'umbrella' scheme to support economy

06 April 2020, 14:07

The approval is in line with modified EU rules allowing a temporary and limited amount of aid to businesses facing a sudden shortage of liquidity.

Oil drops over $1 on oversupply after OPEC+ delays meeting

06 April 2020, 10:48

Brent crude LCoc1 slipped close to $30 a barrel in early trade and was at $32.82 by 0203 GMT, down $1.29, or 3.8%.

OPEC+ debates biggest-ever oil cut, awaits U.S. efforts

04 April 2020, 11:39

While U.S. President Donald Trump pledged help for the industry at the meeting, he made no commitment to take the extraordinary step of persuading U.S. companies to cut output.

Azerbaijani oil price rises 22%

03 April 2020, 17:34

Azerbaijan's Azeri LT CIF crude oil price traded in the financial markets has risen $3.71 or 22.44%, settling at $20.24 per barrel.

Google releases location data to show if coronavirus lockdowns working in 131 countries

03 April 2020, 13:17

The coronavirus has infected more than 1 million people globally, and COVID-19, the respiratory illness it causes, has killed 52,000, according to a Reuters tally.

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