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

Azerbaijan Economy in 2012; expectations and challenges

Azerbaijan Economy in 2012; expectations and challenges Official forecasts for Azerbaijani economy in 2012 seem quite optimistic. According to Ministry of Economic Development reports although downturn in world economy. The Government of Azerbaijan (GoA) targets 5,7 % GDP Growth in 2012 meanwhile The Central Bank’s monetary policy is announced keeping inflation to single digits. Meanwhile, International Monetary Fund (IMF) projected at 7,1 % Azerbaijan’s... Read More