ECONOMY

The Organization of the Petroleum Exporting Countries (OPEC) has released its forecast for average daily global oil demand for 2026-2027. According to “Elchi”, this was reported citing OPEC’s monthly report. According to the report, the average daily global oil demand next year will be 107.87 million barrels (the forecast remains unchanged), which is 1.34 million […]

In March of this year, the average daily crude oil production in Azerbaijan was at the level of 457 thousand barrels. According to information provided by elchi, citing the monthly report of the Organization of the Petroleum Exporting Countries (OPEC), the mentioned figure was at the level of 458 thousand barrels in February of the […]

In January-March 2026, the nominal income of the Azerbaijani population amounted to 22 billion 359.1 million. elchi reports that the mentioned indicator is seven percent higher compared to the corresponding period of the previous year. Furthermore, in January-February 2026, the average monthly nominal salary in the country was 1099.1 manats. This means a 5.3% increase […]

As of April 1, 2026, Azerbaijan’s strategic foreign exchange reserves reached 85 billion 151.1 million US dollars. “Elchi” reports that the State Statistical Committee has released information regarding this. This is 15.9% more compared to the same period in 2025.

The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, the exchange rate of the US dollar remained unchanged at 1.7000 manats on April 13. The euro depreciated to 1.9867 manats, and the Turkish lira fell to 0.0380 manats. The Russian 100 rubles appreciated to 2.2082 manats.

A decline has been observed in major assets in the cryptocurrency market over the last 24 hours. “Elchi” reports that the total market capitalization has decreased by 0.46% to $2.42 trillion. The price of the leading cryptocurrency, Bitcoin, fell by 0.74% to $70,962. However, compared to the weekly performance, Bitcoin’s price has shown an increase […]

Gold and silver prices have decreased on the New York Stock Exchange. elchi reports that the value of gold futures on the COMEX commodity exchange decreased by 0.90% to 4,744 US dollars. Meanwhile, silver futures per ounce on COMEX fell by 2.54% to 74.53 US dollars.

Futures quotes for natural gas on the New York Mercantile Exchange (NYMEX) have increased. “Elchi” reports that natural gas futures in commodity markets gained 0.69% to reach 2.6664 US dollars per 1 million BTU (British thermal unit). The value of a megawatt-hour of gas on the Netherlands’ “Title Transfer Facility” (TTF) platform increased by 5.14% […]

On London’s ICE exchange, futures for Brent crude oil rose to $102.19. “Elchi” reports that the price of Brent crude oil has increased by 7.35%. The price of WTI crude oil futures increased by 8.48%, reaching $104.76 per barrel.

As of March 1 of this year, the volume of loans granted by banks to legal entities operating in the real estate sector in Azerbaijan (excluding non-bank credit organizations and overdue loans) amounted to 44 million manats. “Elchi” reports this with reference to the Central Bank. According to the information, this figure is 47.5% or […]