“Azerbaijan is not afraid of $60 per barrel,” a headline on the pro-government Azerbaijani news site Trend proclaimed recently. But with Brent crude oil, the benchmark for the oil market, now hovering around $60 a barrel, Baku might well have something to fear.

President Nursultan Nazarbayev has paid a visit to Kiev to meet his Ukrainian counterpart Petro Poroshenko – Vladimir...
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