CESD: “The situation with Qatar threatens to bring down oil prices”

CESD: “The situation with Qatar threatens to bring down oil prices” Geopolitical tensions surrounding Qatar’s able to bring down the price of oil and to put an end to the agreement by OPEC and countries outside the cartel, to reduce oil production, said RIA Novosti economist, Chairman of the Center for Economic and Social Development (CESD) Vugar Bayramov. On Monday, Egypt, Saudi Arabia, Bahrain and the UAE announced the rupture of diplomatic... Read More

Should Azerbaijan join OPEC?

Should Azerbaijan join OPEC? The International School of Economics at Tbilisi State University (ISET) is proud to present a public lecture on economic policy in Baku:Professor Michael Beenstock (Ph.D., London School of Economics) on April 3, 2013 at 5:00 pm at Qafqaz Baku City Hotel, Gebele Conference Hall, 2nd Floor (34 Tbilisi Avenue, Nizami District, Baku, Azerbaijan).  The public lecture will be followed by an Open House of ISET, during which... Read More

OPEC keeps Azerbaijan’s oil output forecast unchanged

OPEC keeps Azerbaijan’s oil output forecast unchanged OPEC kept its forecast on Azerbaijani oil production unchanged at 0.96 million barrels per day (bpd) for 2012 and 2013. “Azerbaijan oil production is predicted to remain steady in 2012 and average 0.96 million bpd, flat compared to the previous month,” OPEC’s September oil market report says. According to OPEC forecasts, the country’s oil production will amount... Read More

OPEC revises up forecasts on Azeri oil output

OPEC revises up forecasts on Azeri oil output Azerbaijan`s average oil production will increase by 20,000 barrels per day to 0.97 million bpd in 2012, OPEC said in its June oil market report, an upward revision of 10,000 bpd from the previous month`s forecasts. The revision is the result of updated production data in the first quarter, as well as adjustments to the rest of the year, OPEC said. The oil cartel forecasts that Azerbaijan`s oil production... Read More