Market

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 it by 200,000 barrels. This adjustment comes as part of the Agency’s latest monthly report.

A…

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. The agency’s recent report indicates a substantial adjustment in the predicted …

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 Charles Michel said during a panel discussion at the 13th Global Baku Forum, APA-Econo…

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 0.3 percent increase compared to the same period the pr…

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 into a mild recession, reports APA-Economics. This alarming forecast was highlighted in a recent r…

Oil markets: The oil market is currently facing unprecedented challenges, according to the International Energy Agency (IEA). IEA’s Executive Director Fatih Birol has emphasized the need for a global response to these large-scale disruptions, APA-Econ…

Baku: The price of Azerbaijani oil, known as ‘Azeri Light’ (CIF), has seen a significant increase on world markets.

According to Azeri-Press News Agency, the price per barrel of Azerbaijani oil has risen by 5.09 US dollars, marking a 5.6% increase,…

New york: A decrease has mainly been observed in the prices of major assets in the cryptocurrency market over the past 24 hours, APA-Economics reports, citing the CoinMarketCap platform. The market capitalization decreased by 0.77% over the past 24 ho…

Baku: During trading operations on the ICE London intercontinental exchange: the price of the May 2026 contract for Brent crude oil exports increased by 8.94% to 100.2 US dollars per barrel, APA-Economics reports.

According to Azeri-Press News Agenc…