In the light of the talks in OPEC, Western observers questioned how much the Russian Federation will be able to raise oil production.
Such a forecast was provided by the International Energy Agency.
Azerbaijan let its currency float freely, and then the dollar increased by one and a half times. Now, for the Azerbaijani vegetables and fruits it will be easier to take the place of the Turkish ones, banned in the Russian market.
In the night from Thursday to Friday, the 90-year-old King Abdullah of Saudi Arabia, the ruler of the most powerful oil-producing nation, passed away.
Lower oil prices jeopardize the development of shale deposits, confirmed the World Bank economists. Even though cheap oil will support the global economy, the world will be divided into winners and losers from this slowdown.
The world can forget about three-digit oil prices.