Market

Baku: Last year, 65.9 thousand meters of drilling work were carried out in Azerbaijan by SOCAR, consortiums, and operating companies in order to maintain and partially increase oil and gas production, APA-Economics reports. This was reflected in the ‘…

Lachin: The merger of several villages in the Lachin district is planned, APA reports. This was reflected in the ‘Report on the activities of the Cabinet of Ministers of the Republic of Azerbaijan for 2025,’ which was discussed at today’s session of t…

Baku: An increase has been observed in major assets in the cryptocurrency market over the past 24 hours, APA-Economics reports, citing the CoinMarketCap platform. The price of Bitcoin rose by 2.75% over the last 24 hours to $71,358.

According to Aze…

Azerbaijan: Azerbaijan’s strategic foreign exchange reserves currently amount to 91 billion US dollars, Prime Minister Ali Asadov said during the presentation of the ‘Report on the activities of the Cabinet of Ministers of the Republic of Azerbaijan f…

New york: US stock markets experienced a decline, with the Dow Jones Industrial Average falling by 1.56% to 46,677.85 points, the SandP 500 index dropping by 1.52% to 6,672.62 points, and the NYSE Composite index decreasing by 1.64% to 22,118.7 points…

Baku: The export of oil products of Azerbaijani origin to Armenia is purely commercial in nature, APA-Economics reports. This development was highlighted in a report on the activities of the Cabinet of Ministers of the Republic of Azerbaijan in 2025, …

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,…