ECONOMY

Azerbaijani “Azeri Light” (CIF) crude oil has risen in price in world markets. “Elchi” reports that the price of 1 barrel of Azerbaijani oil increased by 2.99 US dollars or 2.5%, reaching 124.24 US dollars. It should be noted that the previous price of Azerbaijani oil was 121.25 US dollars. It is worth recalling that […]

The price of gold futures per troy ounce (31.1 grams) has increased in commodity markets. “Elchi” reports, citing exchange data, that on New York’s COMEX commodity exchange, the price of June 2026 gold futures per troy ounce increased by 2.62%, reaching 4,524.3 US dollars. On COMEX, the price of May 2026 silver futures per ounce […]

During trading on the “ICE London” intercontinental exchange, the value of the June 2026 contract for the export of Brent oil increased by 3.37%, reaching 105.32 US dollars per barrel. According to “Elchi”, on New York’s “NYMEX” commodity exchange, the price of 1 barrel of “WTI” crude oil for export in May 2026 also increased […]

Over the last 24 hours, the cryptocurrency market has mainly seen a decline in major assets. “Elchi” reports that Bitcoin decreased by 2.80% to $68,570.03 in the last 24 hours, while Ethereum fell by 3.93% to $2,057.03. Negative dynamics also prevailed in other major market assets. BNB decreased by 1.65% to $628.73, XRP fell by […]

Europe begins the season of filling depleted underground storage facilities with gas. “Elchi” reports that “Bloomberg” agency has disseminated information about this. The agency noted that this will force the region to intensify competition for supplies with Asian buyers. According to the Gas Infrastructure Europe Association, gas reserves in the Netherlands’ underground gas storage facilities […]

In 2025, within the framework of cooperation with the Asian Development Bank (ADB), $39.38 million has been allocated for a number of regional technical assistance projects covering Azerbaijan. “Elchi” reports that the projects mainly covered directions such as green energy and energy transmission, climate action, sustainable financing, agriculture and food security, digitalization of the transport […]

In world markets, “Azeri Light” (CIF) brand Azerbaijani oil has slightly fallen in price. “Elchi” reports that the price of 1 barrel of Azerbaijani oil decreased by 0.05 US dollars, reaching 116 US dollars. It should be noted that the previous price of Azerbaijani oil was 116.05 US dollars. It should be recalled that in […]

The price of natural gas futures quotes on the New York “NYMEX” commodity exchange has increased. “Elchi” reports that the price of natural gas futures for delivery in May 2026 increased by 1.21% to 2.928 US dollars per 1 million BTU (British thermal unit).

During trading on the ICE London Intercontinental Exchange, the value of the June 2026 contract for the export of “Brent” oil increased by 3.08%, reaching 98.87 US dollars per barrel. According to “Elchi”, on New York’s “NYMEX” commodity exchange, the price of 1 barrel of “WTI” brand oil for export in May 2026 also increased […]