oil prices

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Brent oil price to return to $90?

The Brent oil price will return to $90 per barrel, Saxo Bank said in one of its Outrageous Predictions released today. The bank also said that Russia and the OPEC states will announce a new significant reduction of oil output in 2020. …

The Azerbaijan reform model

The new model was built upon the local conditions and challenges to contribute to the future sustainable development of the country

Russia's crude export duty to be raised in winter

Russia's crude export duty will be increased by $2.2 to $90.5 per ton from December 1, 2019, according to the Russian Finance Ministry's website. Russia's current crude export duty is $88.3 per tonne. From October …

Brent oil slips below $60

International Brent crude fell 0.53% today on the ICE Exchange in London to settle at $559.92 a barrel as of 14:22 Moscow time. The last time Brent was below $60 on October 23. 2019, TASS recalls. …

Brent oil price exceeds $61

Oil prices slipped this morning amid persistent concerns about a weak demand outlook, after posting sharp gains in the previous session following a surprise crude inventory drawdown in the United States. Brent crude futures fell 17 …