Will the Middle East support Washington’s ‘oil sanctions’ to Russia?

Will the Middle East support Washington’s ‘oil sanctions’ to Russia? Dr. Vugar Bayramov Chair of CESD, Azerbaijan www.cesd.az The price of 1 barrel of crude oil again dropped to $ 82 in the world market. The description of the market is very simple: demand is declining whereas the supply still remains high. Unlike Russia’s expectations, Saudi Arabia not only decreased oil production, but also applied for price discounts in the oil export.... Read More

CESD Paper: Iran’s Economy- On the Light of the New Sanctions

CESD Paper: Iran’s Economy- On the Light of the New Sanctions  CESD has produced new paper on Iranian economy on the background of the new sanctions. The paper looks current situation of Iranian economy, potential impacts of new sanctions, Iranian relations with West, neighbors as well as with Azerbaijan. The paper also focuses on social and economic impacts of new sanctions not only on Iranian economy but also Iranian population. Iran... Read More

IMF: Iran sanctions could push oil to $140

IMF: Iran sanctions could push oil to $140 Sanctions on Iran could push oil prices up 30pc, taking the price of Brent crude to above $140 a barrel, the IMF has warned, Telegraph reported. In a note to G20 deputies, the IMF said that sanctions by OECD nations could cut 1.5m barrels per day (bpd) from supplies, causing a “large effect on prices” unless replacement supplies were found. “A halt of Iran’s exports to OECD economies... Read More