Abu dhabi: Fuel export flows through the Strait of Hormuz have almost completely stopped due to the conflict in the Middle East, the International Energy

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

Baku: The current pace of economic growth does not correspond to Azerbaijan’s potential and these indicators do not satisfy us, Economy Minister Mikayil Jabbarov said

Baku: The price of Azerbaijan’s Azeri Light (CIF) crude oil has seen a decrease on global markets, as reported by APA-Economics. The oil’s price fell

Baku: The share of tax revenues from the non-oil sector has seen a significant increase, rising by 2.2 percentage points over a span of seven