Baku 32° C
Oil prices can exceed soon 60 USD
Analytics
- 05 December, 2016
- 11:07
Baku. 5 December. REPORT.AZ/ World oil prices can exceed 60 USD/barrel within a week.
Analytical Group of Report believes, at the end of this week, December 10, OPEC and non-member states will meet for next meeting in Vienna, and this time the organization will make a decision to reduce oil production by non-member countries.
Notably, at non OPEC countries expected to reduce production by 591,000 barrels per day.
Despite the increase in the number of active oil wells in US last week, this expectation caused continuation of a positive trend, and exceed of 55 USD/barrel.
Notably, Brent crude oil prices reached 55.60 USD/barrel on July 24,2016.
Author
Latest News
17:42
Business Council as new level of Baku-Berlin economic dialogue
Business17:41
Azerbaijan, Germany agree to hold regular ministerial consultations
Foreign policy17:35
Man injured in explosion in Azerbaijan's Kalbajar district
Incident17:14
Azerbaijan, Germany to continue cooperation in mine clearance
Foreign policy17:09
Azerbaijan and Germany to expand cooperation on sustainable water management
Infrastructure17:07
Ilham Aliyev, Friedrich Merz hold expanded meeting
Foreign policy17:04
Ilham Aliyev: Fuel supplies from Azerbaijan contributed to Armenia's energy security
Foreign policy17:00
President: Azerbaijan, Germany to create working groups to implement agreements
Foreign policy16:57