COVID-19

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New Covid-19 strain in India restrain oil prices

Oil prices rose on Friday, reversing some of the previous day's sharp losses as stock markets strengthened and the U.S. dollar slipped, though gains were capped by the coronavirus situation in major oil consumer India. Brent crude oil futures were up $1.23, or 1.8%, at $68.28 a barrel by 1349 GMT and West Texas Intermediate (WTI) crude was up $1.12, or 1.8%, at $64.94. The two contracts lost about 3% on Thursday.

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Vaccine skepticism in Armenia

The country has taken the rare step of offering the vaccine to anyone, including foreigners, without registration. But the number of takers is still low.

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Biden's US pins its hopes on COVID-19 for global image

The COVID-19 crisis has probably been the most significant and consequential public health crisis the world has faced in the past century. Since the 1917 Spanish flu, this is the first time that the world has dealt a crisis of …

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India’s COVID-19 crisis threatens a global oil recovery

India, the world’s third-largest oil consumer behind the U.S. and China, was meant to be a major driver of oil’s demand recovery as economies reopened. But the country’s devastating health crisis has made that impossible. Everyone from oil traders to the world’s biggest producers are panicking, The Japan Times writes

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Europeans argue over coronavirus certificates

The Parliament and member countries have clashing positions on coronavirus restrictions. The European Parliament is taking aim at member countries' travel policies in an effort to set rules for coronavirus “green certificates” …

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Winnie the Pooh's advice for oil producers

Optimism in OPEC+ is growing, even that underlying economic fundamentals are in dire shape. Growing concerns about new COVID variations, as shown already in India, or renewed restrictions in major OECD countries, such as Germany, seems not to be taken into account, FXEmprire writes. As indicated already before the start of the Joint Ministerial Monitoring Committee (JMCC), the OPEC+ members, led by Saudi Arabia, UAE and Russia, have decided to keep to the former early April decision of a gradual export cut relaxation

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Covid diplomacy in South Eastern Europe

The media dedicate increasing attention to the issue of vaccine distribution and how it affects post-pandemic recovery. Some commentators and outlets have been focusing especially on the inequalities in the allocations of doses amongst different countries. As a matter of fact, a small number of highly developed countries have already booked an excessive number of doses. The UK, Israel and the US are likely to get enough shots to immunise their entire populaces more than once

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Lukashenko provides tips to fight Covid-19

President of Belarus Alexander Lukashenko expressed confidence that in order to fight the new coronavirus, normal nutrition is needed. In addition, the head of state advised compatriots to work harder. Lukashenko made the relevant …

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2,148 people tested positive for Covid-19 in Azerbaijan

Over the past 24 hours, 2,148 cases of Covid-19 were recorded in Azerbaijan. 30 people died, 2,287 - recovered, the Operational Headquarters under the Cabinet of Ministers informed. It is specified that in general, to date, 298,522 …

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Florian Sengstschmid: "Developing tourist destinations we rely on Azerbaijan's multiculturalism "

Azerbaijan has been growing its tourism economy for the last decade, reaching a record-breaking number of international travelers in 2019. Once the pandemic hit, the country’s tourism board realized they could use this time to emerge even stronger, thanks to Azerbaijan’s offerings that are equipped for a post-Covid-19 world. In 2018, Azerbaijan officially launched its first tourism campaign, after a decade of rising international traveler rates. In 2019, 3 million travelers visited the country, setting a new record for the destination.

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