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

New WTO Accession Negotiations: New Hopes?

New WTO Accession Negotiations: New Hopes? The next round of bilateral consultations between World Trade Organization (WTO) and Azerbaijan started in Geneva on June 03, 2013. The negotiation round will be completed on June 07, 2013 . “They are expected to involve representatives from 10-12 countries. Full-fledged bilateral negotiations will be held with some of them and talks on specific issues with others”- Ministry of Foreign Affairs... Read More

Risks for new Energy Crisis Lessened

Risks for new Energy Crisis Lessened Top oil producer increased exports piercingly Top oil producer Saudi Arabia increased exports sharply in the past week and is offering extra supplies to its biggest customers worldwide in what industry sources said appeared to be a bid to tame runaway crude prices, Reuters reported. Saudi exports surged to just over 9 million bpd in the last week, compared to an average of about 7.5 million for January, three industry... Read More