OPEC Reveals Azerbaijan’s July Oil Production Figures

Baku: In July, Azerbaijan’s daily oil production averaged 462,000 barrels, marking a decrease of 1,000 barrels compared to June.

According to Azeri-Press News Agency, this information comes from the monthly report of the Organization of the Petrole…

Natural Gas Prices Maintain Stability in Europe

Amsterdam: Natural gas prices in Europe have remained stable, with the cost of 1,000 cubic meters of gas settling below USD 397 during today’s trading.

According to Azeri-Press News Agency, the price of September futures under the TTF (Title Transfe…

Azerbaijan Sees 3% Growth in Non-Oil GDP Sector

Baku: Azerbaijan has witnessed a rise of more than 3% in GDP production within its non-oil and gas sector. In the period from January to July 2025, the country produced 72 billion 429.9 million manats in gross domestic product, marking a 0.9 percent i…

Azerbaijan Retail Trade Turnover Sees 4% Rise

Baku: Retail trade turnover in Azerbaijan has experienced a 4% increase in the first seven months of the year. In January-July, consumers purchased goods valued at 35.1 billion manats through the retail trade network, with 19.3 billion manats allocate…

OPEC Updates Global Oil Demand Forecast for 2025-2026

Vienna: The Organization of the Petroleum Exporting Countries (OPEC) has released its updated forecast for global oil demand for the years 2025-2026. The organization’s latest assessment provides insights into the expected average daily global oil con…