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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...
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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...
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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...
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Europe needs gas supplies and cannot afford to exclude the possibility of transit of blue fuel from Azerbaijan through Ukrainian territory, the head of the Austrian oil and gas company OMV, Alfred Ste...
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In 2024, the production of condensate in Azerbaijan amounted to 5 million 292.34 thousand tons, by 1.7% higher than in 2023, the report of the State Statistics Committee of the Republic of Azerbaija...
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The production of associated gas in Azerbaijan in 2024 amounted to 15 billion 112.09 mcm, the report of the State Statistics Committee's of the Republic of Azerbaijan. According to statistical data,...
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The Supervisory Board of the State Oil Company of Azerbaijan (SOCAR) has approved the company's budget for 2025, the press service of SOCAR reported yesterday. At the meeting, which was chaired by t...
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In 2024, Georgia purchased electricity from Azerbaijan worth $10.97 million, which accounted for about 47% of the country’s total electricity imports, the monthly report of the National Statistics Se...
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In 2024, Armenia produced 9,381.4 million kWh of electricity, by 6.5% more than in the same period of 2023, the National Statistical Committee of Armenia reported. The largest share of electricity ge...
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Turkmen natural gas supplies to Türkiye will begin on March 1, 2025, Türkiye's Minister of Energy and Natural Resources, Alparslan Bayraktar, announced on the social media platform X.









