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Oil prices rise over declining US output

As of 08:23 (MSK) the prices of August futures for Brent oil increased by 0.75% to $48.42 per dollar on the ICE Exchange in London. The July futures for WTI oil rose by 0.66% to $46.02 per barrel at the New York Mercantile Exchange (NYMEX), RIA …

EU-Azerbaijan business forum to be held in Baku

EU-Azerbaijan business forum will be held in Baku on June 8. The event is organized by the Azerbaijan Export and Investment Promotion Fund (Azpromo) and the German-Azerbaijani Chamber of Commerce. The business forum will …

Oil in anticipation of new war in Persian Gulf

The current diplomatic rift between Qatar and other Persian Gulf countries will have an insignificant effect on world markets, but the potentially possible prospect of its escalation into a military clash between Arab states can lead to an …

Iran says it can send food to Qatar by sea

An Iranian official says his country can export food to Qatar by sea, as Saudi Arabia and three other nations move to isolate the gas-rich nation after severing diplomatic ties and accusing it of supporting terrorism, The New Indian Express …

Oil prices rise as Arab nations cut ties with Qatar

Oil prices are on the rise after Saudi Arabia, Egypt, the United Arab Emirates and Bahrain cut ties with Qatar, accusing it of financing terror and undermining security. Concerns that political instability in the important oil-producing …