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Azeri Light crude goes down

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Azeri LT CIF crude oil, exported from Azerbaijan to the world markets, decreased by $ 0.25 (0.44%), settling at $ 56.57 per barrel, Report informs.

The lowest price for Azeri Light was recorded on April 21, 2020 ($ 15.81), and in July 2008, the all-time high was $ 149.66.

On Thursday, oil prices eased for a second day as mounting coronavirus cases globally raised demand concerns, although a drawdown in U.S. crude stocks for a fifth straight week and robust data from China capped losses.

Brent crude oil futures fell 18 cents, or 0.3%, to $55.88 a barrel by 0425 GMT, while U.S. West Texas Intermediate (WTI) slipped by 11 cents, or 0.2%, to $52.80 a barrel.

“Oil market’s sizzling rally likely took a hiatus as the stronger dollar, and the omnipresent gasoline supply overhang offset the evaporating U.S. crude inventories,” said Stephen Innes, chief global market strategist at Axi.

U.S. crude oil stockpiles last week fell more than expected, while gasoline and distillate inventories rose as refiners ramped up output to its highest level since August, the Energy Information Administration said on Wednesday.

China, the world’s second-largest oil consumer, reported its biggest daily jump in new COVID-19 cases in more than ten months as infections in northeastern Heilongjiang province nearly tripled, underscoring the growing threat ahead of a major national holiday.

Governments across Europe announced tighter and longer coronavirus lockdowns on Wednesday due to a fast-spreading COVID variant first detected in Britain as vaccinations are not expected to help much for another two to three months.

Oil producers face an unprecedented challenge to balance supply and demand as factors, including the pace and response to COVID-19 vaccines, cloud the outlook, an official with International Energy Agency (IEA) said.

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Azerbaijan confirms 332 new Covid-19 cases, 12 died

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Azerbaijan recorded 332 new coronavirus cases, Task Force under the Cabinet of Ministers told Report.

As many as 897 people recovered from the infection, while 12 patients lost their lives over the past day.

So far, 228,028 people have contracted COVID-19 in Azerbaijan, 217,617 have recovered, while 3,044 died. At present, 7,367 people are receiving treatment.

Azerbaijan has conducted 2,336,498 coronavirus tests over the past period, including 7,991 today.

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EU Ambassador expresses condolences to families of 20 January victims

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"On this day of sorrow, together with the people of Azerbaijan, the EU delegation is mourning the victims of the 'Black January' tragedy," said the head of the EU Delegation to Azerbaijan Kestutis Jankauskas.

"The tragic events underline the need for peace, reconciliation, and humanity for a better future. I express my deepest condolences to the families and loved ones of the victims of the January events," the EU ambassador added.

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Netflix to screen popular novel

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US Netflix will screen Roald Dahl's Matilda, Report mentions, citing The Hollywood Report.

The film will star 11-year-old Alisha Weir. Oscar-winner Emma Thompson will play the role of Agatha Trunchbull, a cruel director in the novel.

According to the plot, Matilda is a wunderkind. But parents treat her with disdain, and the school principal makes fun of her. Matilda decides to reprimand them.

The previous screening of the tale took place in 1996. The film was directed by Danny De Vito and played by Mara Wilson.

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