- Industry and Energy
Majority of OPEC+ states ready to cut oil output
OPEC Secretary General Mohammed Barkindo is in constant contact with the OPEC+ countries; the main participants in the group support the idea of the meeting on 6 April, most participants are ready to cut oil production, there is a high probability of consensus, a source familiar with plans to prepare the meeting said, APA-Economics reports.
“The Secretary General of OPEC Barkindo is in constant contact with the participants of the group. Today the atmosphere is favorable, the main participants in the group also support the idea of the meeting. The likelihood of consensus is high, because most of the participants are ready to go to reduce oil production. At the moment, the situation is clearer than it was yesterday. There is shared optimism,” the source said.
Earlier, the head of the press service, adviser to the Minister of Energy of Azerbaijan Zamina Aliyeva said that the OPEC+ meeting is scheduled for Monday and will be held as a video conference.
The Russian president and members of the cabinet and oil industry officials met via videoconference on Friday to discuss the situation on the global energy markets.
According to the Russian president, the current situation poses not only economic risks, but technogenic and ecological ones as well. Putin noted that he spoke to US President Donald Trump about the energy markets situation earlier this week, and that both sides expressed concerns.
Note that oil prices took a nosedive in early March, after OPEC+ members failed to reach an agreement on output cuts amid the COVID-19 crisis, which has led to a global downturn in economic activity. Russia proposed leaving output cuts at previously agreed upon levels, while Saudi Arabia and its allies suggested that additional cuts be made. Russia rejected the proposal, prompting Riyadh to cancel even the originally agreed upon cuts, to announce a 25 percent increase in production, and to offer heavy discounts on crude futures for April. Other countries including Russia followed suit in ramping up output, bankrupting at least one US shale producer, and leaving Moscow and Riyadh eating into their national reserve funds.
Quake death toll rises to 12 in Izmir, 419 wounded - UPDATED-3
CBA: Credit investments in Azerbaijanəs economy increased by up to 2% during January-October
MoD: Precise strikes were inflicted on the enemy
Armenian Armed forces inflict rocket attack on Alasgarli village of Azerbaijan's Tartar
MoD: Situation on the frontline is under the control of the Azerbaijani Army
Greece and France offered Turkey help regarding earthquake in Izmir
Azerbaijani President: "From the point of view of effectiveness and efficiency, the Minsk Group, of course, didn't justify itself"
Head of Turkey’s MFA thanked Azerbaijan
Rally against Armenian terrorism was held in Venice
Azerbaijani President: "I think that co- chairing countries should seriously think about what sanctions could be applied against the aggressor in order to make them leave the occupied lands"
Azerbaijani President: "I think it is premature to speak about peacekeepers in conflict zone"
Ilham Aliyev: "Pashinyan's statement on Pakistani, Turkish special units is nonsense"
Supreme Commander-in-Chief: "Azerbaijani soldiers and officers are liberating the lands, raising the flag"
President Ilham Aliyev makes phone call to Erdogan: “Azerbaijan is ready to provide any kind of assistance to brotherly country”
Azerbaijan’s MES conducts awareness raising works among population regarding rules of safe behavior during war period
President: "There are no moral norms, no honor, dignity, and no understanding of how wars are fought for them"
Ilham Aliyev: "Azerbaijani Army has demonstrated its advantage on the battlefield"
Putin discussed situation in Nagorno Garabagh at meeting of Security Council
Azerbaijani President: "Azerbaijanis must return to all the occupied territories where they used to live"
Azerbaijani President: "Armenian state was created artificially on the lands that it never owned"
Jeyhun Bayramov: “News of earthquake occurred in Izmir saddened us very much”
One of the Armenian militants captured during military operations turned out to be a clergy - VIDEO
President Ilham Aliyev: "All three violations of ceasefire were committed by the Armenian side"
Azerbaijani state flag hoisted at four more outposts liberated from Armenian occupation
Azerbaijan offered help to Turkey regarding earthquake occurred in Izmir
President Ilham Aliyev was interviewed by Russia's Interfax news agency - UPDATED
MoD: Two more "Smerch" belonging to the enemy, which fired at the cities of Barda and Tartar, were destroyed today - VIDEO
Meeting of Azerbaijan and Armenia Foreign Ministers kicks off in Geneva
Azerbaijan to take legal steps regarding illegal activity in Vejnali gold field, liberated from occupation
Azerbaijani MoD releases video reportage from the liberated Khudaferin village of Jabrayil region
Explosion takes place in Spitak medical center in Armenia
Erdogan: "Concerned institutions were sent to territory in order to support people aggrieved from earthquake"
Armenia refused to deliver body of Armenian aged 84 to his family
General prosecutor: “Some Armenians make calls on social networks aimed at creating confrontation among ethnic minorities in Azerbaijan”
Magnitude 6.6 quake shakes Turkey’s west coast, Greek islands in Aegean
Azerbaijani MFA: We call on the international community to condemn Armenia's act of vandalism
Russian deputy FM discusses Nagorno-Karabakh conflict with Italian ambassador
Kamran Aliyev: Armenians shot some captured Azerbaijani servicemen at close range
Azerbaijan expects activity of Human Rights Watch and Amnesty International to have effective result
General prosecutor: “To information Jalal Arutunyan was destroyed, but Armenian side hasn’t yet confirmed his death”
Important messages from Putin: Russia also accepts reality emerged in Nagorno Garabagh issue - ANALYSIS
Azerbaijan appealed to European Court regarding criminal acts of Armenia
Number of confirmed coronavirus cases reaches 54174 in Azerbaijan, 718 deaths
Azerbaijani Army has liberated 9 villages of Jabrail, Zangilan and Gubadly
Azerbaijan documents 1,022 fresh coronavirus cases, 480 recoveries, 10 deaths in the last 24 hours
Next meeting on resolution of Nagorno Karabakh conflict starts in Geneva
Azerbaijan initiated criminal case against Araik Harutyunyan, David Babayan, Jalal Harutyunyan and Arman Babajanyan
Investigation of 52 criminal cases launched regarding terrorist acts committed by Armenia continue
Hikmat Hajiyev: “If Khojaly genocide committed by Armenians had been given a fair assessment, no genocide in Rwanda would have been”
Azerbaijan puts several foreigners involved in battle by Armenia on internationally wanted
Armenians target Azerbaijan's residential settlements, civilian population, and civilian facilities - PHOTOSESSION
Azerbaijani MP suggests to establish shelters for beggars
Azerbaijan commemorates Khojaly genocide - PHOTOSESSION
14 years pass since establishment of the Ministry of Emergency Situations: They always come to your aid in any difficult moments - PHOTOSESSION - VIDEO
First Vice-President Mehriban Aliyeva attended opening ceremony of rebuilt Azerbaijan pavilion at Exhibition of Achievements of National Economy in Moscow - UPDATED
As a result of the efforts of NaM members, the UN SC did not adopt a statement against Azerbaijan
It has been confirmed the fact that Kurdish-descent mercenaries fight on the Armenian side - VIDEO
Armenian army personnel refused to get engaged in battles
Azerbaijan’s MIA appeals to citizens