Natig Aliyev: Oil prices will rise significantly by the end of year

Baku, February 1, AZERTAC “Oil prices will rise significantly towards the end of this year,” Azerbaijan’s energy minister Natig Aliyev has said. He said that oil prices depend not only on economic, but also on political factors. According to the minister, the situation in the world and conflicts affect the global oil prices. “But this cannot go in this way because the decline in oil prices impacts not only the economy of oil producing countries, but also consumer countries,” Aliyev said, adding that he expects to see oil prices jump by the end of this year.