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Donald Trump has a knack for turning complex agreements into simple political formulas. According to the American president, the announced deal with Venezuela will give the United States control over...

How maturing fields are reshaping the country’s budget, exports and economic model A new Caspian platform is slowing the depletion of the country’s largest oil asset, but it is not changing the direct...

The 2026 forecast shows non-oil income in the majority. A sovereign-fund transfer, energy-price assumptions and taxes concentrated among three payers tell a more complicated story. This follows from t...

Russia became the main supplier of crude oil to Azerbaijan in the first half of the year. According to official Azerbaijani statistics, from January to June 2024, Azerbaijan imported 981.38 thousand t...

Expectations of lower demand in China are exerting pressure on the oil market in the context of weakening economic growth in the country. Diesel fuel consumption in China in the second half of 2024 ma...

Oil prices firmed slightly on Monday as traders weighed support from expected summer demand and geopolitical tensions against a stronger dollar.

Oil prices edged up on Monday, aided by hopes of rising fuel demand this summer, although a firmer dollar boosted by lower chances of imminent interest rate cuts capped gains.

In January-April 2024, Azerbaijan exported over 6.928 million tons of crude oil, according to customs declarations, the monthly report of the State Customs Committee of the Republic of Azerbaijan. Acc...