The decision of the OPEC+ to cut the oil production down took the markets by surprise. The price in Brent crude jumped suddenly from USD 80 to USD 85 per barrel, an increase of about 7-8%, Saudi Arabia, Russia and their oil-producing allies announced on Sunday, 2 April 2023, that they would cut production by […]
Prices of oil and gas are rising but Central Asia must remain cautious
nCa Analysis The prices of oil and gas are rising in the world markets but that is no reason for Central Asia to abandon its cautious policies. As recorded on 9 August 2023, the price of gas suddenly jumped by 22%, reaching USD 430 per thousand cubic meters on Dutch benchmark. Brent crossed USD 87 […]