Economy

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US Fed leaves rates unchanged

The Federal Reserve upgraded its assessment of the U.S. economy, but decided to skip another interest rate increase for now. The central bank's policymaking Federal Open Market Committee voted unanimously to keep the target range …

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Urals price rises almost 40%

Average price of Russia’s Urals oil rose 39% to $69.43 per barrel in January-July, 2018 compared to the same period last year, the country's finance ministry said. It was reported that in July 2018 the price was $72.87 per …

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European Commission allocates 5 million euros for TANAP

The European Commission’s Connecting Europe Facility (CEF) allocated around 5 million euros to the Trans Anatolian Natural Gas Pipeline project (TANAP), the TANAP company said. According to the company, the project was one of two …

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Azerbaijani oil prices increase

The price of the AZERI LT CIF oil amounted to $76.40 per barrel today, an increase of $0.22, novosti.az reported. At the same time, September Brent crude futures fell 25 cents (0.3%) to $74.72 a barrel by 0654 GMT after rising nearly 1% …

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S&P and Fitch affirm Azerbaijan's ratings

S&P Global Ratings affirmed the long- and short-term foreign and local currency sovereign credit ratings on Azerbaijan at 'BB+/B'. The outlook on the long-term ratings is stable. "Our ratings on Azerbaijan are still …

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Brent oil hits $75 per barrel

Brent crude oil is trading at over $75 per barrel for the first time since July 16, 2018. Today Brent oil reached a daily high of $75.03 per barrel (up by 0.36%). U.S. West Texas Intermediate (WTI) crude futures were up 0,73% …

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