ECONOMY

The Organization of the Petroleum Exporting Countries (OPEC) has announced its forecast for average daily global oil demand for 2027. Elchi.az reports this with reference to OPEC’s monthly report. According to the report, the average daily global oil demand next year will be 107.86 million barrels, which is 1.34 million barrels more than the forecast […]

The provision of services to more than 342,000 flights in the airspace of Azerbaijan last year, with an increase of 10.5% compared to 2024, clearly demonstrates the reliability of the aviation infrastructure and the strengthening of its position as a regional transport hub. According to the information provided to Elchi.az from Heydar Aliyev International Airport, […]

In December 2025, the consumer price index was 105.2 percent compared to the same period last year. Elchi.az reports this with reference to the State Statistics Committee. According to the information, inflation for food products, alcoholic beverages and tobacco products in December was 6.4 percent, for non-food products 2.5 percent, and for paid services provided […]

Last year, “Kazmortransflot”, a subsidiary of Kazakhstan’s national company “KazMunayGaz” (KMG), transported 59.4 thousand containers in twenty-foot equivalent (TEU) on the Aktau-Baku-Aktau feeder line. Elchi.az reports this with reference to the official information of “KazMunayGaz”. According to the information, the volume of transportation increased by more than 15 percent compared to 2024 (51.4 thousand TEU). […]

The price of gold futures per troy ounce (31.1 grams) has increased in commodity markets. Elchi.az reports with reference to stock exchange data that the price of February 2026 futures for one troy ounce of gold on the New York COMEX commodity exchange increased by 0.94% to 4,642.24 US dollars. The price of March 2026 […]

The price of Azerbaijani oil of the Azeri Light (CIF) brand has increased in world markets. Elchi.az reports that the price of 1 barrel of Azerbaijani oil increased by 3.21 US dollars or 4.68% to 71.75 US dollars. It should be noted that the previous price of Azerbaijani oil was 68.54 US dollars. It should […]

The Central Bank of Azerbaijan has announced today’s exchange rates. According to Elchi.az, on January 14, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira was 0.0394 manats. The Euro decreased to 1.9795 manats, and Russia’s 100 rubles decreased to 2.1559 manats.

The US Energy Information Administration (EIA) has increased its forecast for the average price of Brent crude oil in 2026 by 1.43% to $55.87 per barrel from $55.08. Elchi.az reports with reference to the institution’s report that the price of Brent crude oil in 2027 will average $54.02/barrel. The Ministry expects oil prices to fall […]

A new deputy head has been appointed to the State Control Service for the Use and Protection of Water under the State Water Resources Agency of Azerbaijan (SİMDNX). Elchi.az reports that this position has been entrusted to Aliaga Azizov. It should be noted that A.Azizov was born in Sumgayit in 1996. In 2017, he graduated […]

Azerbaijani oil of the “Azeri Light” (CIF) brand has risen in price in world markets. Elchi.az reports that the price of Azerbaijani oil per barrel increased by 0.03 US dollars or 0.04% to 68.54 US dollars. It should be noted that the previous price of Azerbaijani oil was 68.51 US dollars. It should be reminded […]