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BAKU, Azerbaijan, April 12. Geopolitical dangers
strongly affect international oil costs and provides, Performing Chief
Buying and selling Officer at SOCAR Buying and selling (the buying and selling home of the State
Oil Firm of Azerbaijan), Taghi Taghi-Zada mentioned, Pattern
stories through the corporate.
He made the comment on the sidelines of a gathering of worldwide
buying and selling firms (Commodities World Summit 2024) in Lausanne.
“The oil market is predicted to stay tense within the brief time period
resulting from world conflicts, geopolitical strain, and logistical
disruptions. There are a lot of uncertainties (concerning crude oil),”
famous Taghi-Zada.
Nonetheless, he acknowledged that OPEC “has been doing a great job
managing oil costs in recent times”.
“OPEC could also be taken with performing to keep up the worldwide oil
value at a mean of $90 per barrel. They’ve been profitable,
and I see no motive why they need to not proceed this development as a
group,” Taghi-Zada defined.
Total, most international merchants imagine that this 12 months the value of
oil might be within the vary of $85–100 per barrel.
To notice, the Commodities World Summit was held on April 8–10,
organized by the Monetary Occasions.
Headquartered in Geneva, SOCAR Buying and selling was integrated in
December 2007 because the advertising and marketing arm of SOCAR with a mandate to
market Azeri barrels produced from the Azeri-Chirag-Gunashli discipline
and different surrounding fields in Azerbaijan.
Keep up-to-date with extra information at Pattern Information
Company’s WhatsApp channel
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