Impacts of Short-Term Global Economic and Political Fluctuations on the Economy of Azerbaijan
Short-term economic and political fluctuations occurring globally affect open economies like Azerbaijan through a series of direct and indirect channels.
Economy — Page 9
Economy Economy Gold Prices Decline Amid the Fed’s Interest Rate Policy!
Earlier in the day, the price of gold briefly fell below $4,360.
Economy Oil prices fall to their lowest level in a week!
Brent crude futures fell 2.08% to $101.71 per barrel, while WTI crude declined 2.14% to $98.15 per barrel.
Economy Bitcoin’s price surpassed $77,000!
Bitcoin rose 1.4% on Friday to $77,560.9, recovering most of its losses for the week.
Economy Oil prices have declined again!
Brent crude oil fell 1.2% to $104.59 per barrel, while U.S. WTI crude declined 1.1% to $101.29 per barrel.
Economy Internet prices are increasing in Azerbaijan!
Fixed internet plans with a monthly fee of 18 manats or less are expected to be switched to a unified minimum tariff of 25 manats.
Economy The cost of shipping US oil to Asia has reached a record level!
The charter rate for a VLCC tanker carrying 2 million barrels of crude oil from the US Gulf Coast to China rose to $44.8 million on Tuesday.
Economy Oil prices surpassed $106!
The price of Brent crude rose 1% in the previous session to $106.93, while WTI crude increased 1.3% to $102.65.
Economy US Inflation Rises More Than Expected in August!
Consumer prices in the country rose by 0.4% month-on-month and 3.4% year-on-year in August.
Economy European Gas Prices Surpass €81!
One of the main reasons for the price increase is disruptions in liquefied natural gas (LNG) supplies from the Persian Gulf to Europe.
Economy Demand for electric vehicles surged in Europe!
Global electric vehicle sales rose 2% year-on-year to 1.83 million units in August.
Economy Investments in the clean hydrogen sector have reached $130 billion!
Hydrogen technologies such as electrolyzers and fuel cells are expected to play an important role in integrating renewable energy into the electricity system.