News

On February 15 and 18, 2025, the website Day.az published articles containing defamatory allegations about the activities of the Turan news agency. In these materials, the author attempts to portra...

The State Oil Company of Azerbaijan (SOCAR) is launching the Leucipa monitoring program for the first time in the Caspian region to enhance production efficiency in the oil and gas industry, KOKAR rep...

The daily oil production, including condensate, in Azerbaijan in January amounted to 74.5 thousand tons (559 thousand barrels). Of this volume, oil accounted for 61.7 thousand tons (454 thousand barre...

In January 2025, Azerbaijan exported a total of 2 bcm of natural gas. Compared to January of the previous year, export volumes decreased by 300 mcm,  the website of Azerbaijan’s Ministry of Energy. Ac...

In January 2025, Azerbaijan exported 2 million tons of oil and condensate to foreign markets. The export volumes of liquid hydrocarbons from Azerbaijan decreased by 100 thousand tons, the website of A...

By the end of 2024, the number of Azerbaijani citizens employed by BP reached 2,413, by 60 people more, or 2.5% compared to 2023,  BP-Azerbaijan's 2024 annual report. It is worth noting that at the en...

In the retail market of Azerbaijan, in January 2025, consumers purchased gasoline and diesel fuel worth 271 million manats, by 9.3% more compared to the same period in 2024, the monthly report of the...

In 2024, Georgia imported 1.67 million liters of automobile fuel, by 8.2% increase compared to 2023 (1.54 million liters). According to the Georgian Competition and Consumer Protection Agency (GCCA),...

OPEC has kept its oil demand growth forecast for 2025 at 1.45 million barrels per day (b/d) and for 2026 at 1.43 million b/d. According to OPEC’s monthly report, the oil demand estimate for 2024 remai...

The U.S. Energy Information Administration (EIA) has raised its oil price forecast for this year due to a supply deficit in the first quarter. The EIA has raised its 2025 Brent oil price forecast from...

The largest buyers of Russian energy resources in Europe in January 2025 were France, Hungary, Slovakia, Belgium, and Spain. Together, they paid approximately €1.2 billion for imports of oil and gas f...

Over the past 25 years, around $10 trillion has been spent on the energy transition. However, renewable energy sources (RES) have only managed to account for 2-3% of global energy production, OPEC Sec...

Commercial oil inventories in the United States increased by 4.07 million barrels last week, reaching 427.86 million barrels, according to the weekly report from the U.S. Department of Energy. Gasolin...

Gas prices in Europe dropped following a phone conversation between Russian President Vladimir Putin and U.S. President Donald Trump. At Europe's largest hub, TTF, the gas futures for March delivery f...

The Ministry of Foreign Affairs of Moldova has decided to unilaterally terminate the Moldovan-Russian agreement from 1998 on the creation and operation of cultural centers.

By the order of the head of state, Rufat Mahmud has been appointed the new head of the historical and architectural reserve "Icheri Sheher" – the historic center of Baku.