Paris: The International Energy Agency (IEA) has revised its forecast for the growth rate of global average daily oil demand for the current year, reducing

London: The International Energy Agency (IEA) has significantly revised its forecast for global oil production growth in 2026, lowering its expectations by more than half.

Baku: The European Union must diversify supply chains to reduce global economic risks, former President of the European Council and former Prime Minister of Belgium

Baku: In January-February 2026, Azerbaijan’s gross domestic product (GDP) reached 18 billion 473.1 million manats, APA-Economics reports, citing the State Statistical Committee. This represents a

London: A sustained rise in global oil prices to approximately $140 per barrel over a two-month period could potentially push parts of the world economy

Baku: An appointment has been made to the leadership of the State Oil Fund of Azerbaijan (SOFAZ), the Fund told APA-Economics. Vadim Pshenichny has been

Baku: Commercial crude oil inventories in the United States have increased by 3.475 million barrels, reaching 439.279 million barrels, APA-Economics reports. This was stated in

London: During trading on the ICE London intercontinental exchange, the price of the May 2026 contract for Brent crude oil exports increased by 2.08%, reaching