Bank Of Baku

Azerbaijani energy minister: Oil price to increase gradually

Azerbaijani energy minister: Oil price to increase gradually
# 11 March 2016 08:55 (UTC +04:00)

Aliyev noted that the oil price has declined four times and this is not good for oil producing countries: “But high prices are not good for consumers. We want an acceptable oil price for both producers and consumers. Low oil prices cannot last for long. The prices will gradually increase. In order for oil producing countries to invest in oil production, an acceptable price for both producers and consumers must be set”.  

 

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