Gold Rises Again to $4,351.96 per Ounce
Yulduz Salimov1 min read
#oil
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Oil prices decline amid Saudi Arabia’s pipeline repair plans
Global oil benchmarks declined, with a barrel of Azeri Light falling to $122.15 amid Saudi Arabia's plans to restore the damaged pipeline.
Abdulrahman Sadikhli2 min read
Iran and China use barter trade mechanism to bypass restrictions
Iran and China have established a settlement system that allows them to maintain trade turnover while bypassing traditional financial mechanisms.
Abdulrahman Sadikhli1 min read
US destroys five Iranian tankers amid escalation in the Strait of Hormuz
The latest round of confrontation has led to Iranian strikes on targets in Jordan and a rise in global oil prices to $99.46 per barrel.
Abdulrahman Sadikhli2 min read
Azerbaijani crude oil rises by 87 cents on global markets
The price of Azerbaijani Azeri Light crude oil on global markets has risen over the past 24 hours. Price changes also affected other energy benchmarks amid
Gurban Gurbanzadeh1 min read
Saudi Arabia’s economy contracted by 4.7% in the second quarter of 2026
According to data from the General Authority for Statistics of Saudi Arabia, the country's real GDP fell by 4.7% year-on-year, while the non-oil and government sectors
Yulduz Salimov1 min read
Global oil prices rise amid escalating situation in the Persian Gulf
Against the backdrop of geopolitical tensions in the Strait of Hormuz, prices for major oil grades have shown significant growth, reaching three-month highs.
Abdulrahman Sadikhli2 min read
US Treasury Secretary names Ukraine’s actions as the cause of the global energy crisis
Washington has placed responsibility for the global energy shock on the Ukrainian side, noting the prolongation of the conflict and attacks on Russia's energy infrastructure.
Yulduz Salimov1 min read
Global oil prices rise amid geopolitical tensions
Amid the escalation of the conflict in the Middle East and uncertainty regarding shipping in the Strait of Hormuz, oil prices have shown significant growth over
Abdulrahman Sadikhli2 min read
Saudi Arabia’s energy sector diversifies profit sources in 2026
Despite the dominance of Saudi Aramco, the sector's results demonstrate an expansion of the value chain, encompassing transportation, processing, and related services.
Tunzale Melikova2 min read