New York: In a surprising turn of events, the Energy Information Administration’s (EIA) Crude Oil Inventories reported a significant decrease in the number of barrels of commercial crude oil held by US firms, APA-Economics reports citing investing.com…
Baku: Bank Melli Iran’s Baku Branch has fully resumed its operations, the branch told APA-Economics.
According to Azeri-Press News Agency, the bank’s Baku branch resumed its activities as of April 29. The branch has already begun issuing loans and a…
Baku: In April, mine clearance operations in Azerbaijan’s liberated territories resulted in the detection of 381 mines and 3,047 unexploded ordnances (UXOs), ANAMA told APA. These operations were part of ongoing efforts to ensure safety and accessibil…
Baku: The price of Azeri Light (CIF) branded Azerbaijani oil has decreased on world markets. The price of one barrel of Azerbaijani oil dropped by USD 1.13 or 1.71%, amounting to USD 65.13.
According to Azeri-Press News Agency, the previous price o…
Baku: Starting from May 1, 2025, Azerbaijan Airlines (AZAL) will implement changes to the ticket purchase procedures for the Baku-Fuzuli-Baku route, as announced by the Press Service of Azerbaijan Airlines CJSC to APA-Economics.
According to Azeri-…
Baku: Azerbaijan plans to prohibit the import, production, and sale of incandescent lamps with a power of 60 watts and above starting next year. This development is part of a proposed amendment to the law “On the efficient use of energy resources and …
Baku: In the first quarter of 2025, bp and its co-venturers spent around $726 million in operating expenditure and around $213 million in capital expenditure on Shah Deniz activities, the majority of which was associated with the Shah Deniz 2 project….
London: During trading on the Intercontinental Exchange (ICE) in London, the price of the July 2025 contract for the export of Brent crude oil decreased by 0.03%, amounting to USD 61.04 per barrel.
According to Azeri-Press News Agency, on the New Yo…
Baku: In the first quarter of 2025, BTC Co. spent $32 million in operating expenditure and $13 million in capital expenditure, APA-Economics reports, citing a report by BP on the results of its activities in Azerbaijan for the 2025 first quarter resul…