ECONOMY

NEWS

WP: The White House is losing leverage over fuel prices

— ECONOMY, NEWS FEED
Against the backdrop of rising fuel prices and growing tension in the global oil market, the White House administration has almost exhausted available mechanisms to curb gasoline prices without causing serious political and economic consequences. “Elchi” reports that “The Washington Post” (WP) newspaper provided this information, citing the results of sociological studies and analysts. The […]
NEWS

Weekly REVIEW of oil prices in Azerbaijan

— ECONOMY
This week, the average prices for Azeri Light CIF, Urals, Dated Brent, and Azeri Light FOB oil brands have increased. “Elchi” reports that the average price of Azeri Light CIF oil produced at the Azeri-Chirag-Gunashli field was 118.8 US dollars, an increase of 6.7 dollars or 6 percent compared to the previous week’s price. According […]
NEWS

Azerbaijani oil is trading above $122

— ECONOMY
Azerbaijani oil of the “Azeri Light” (CIF) brand has decreased in price on world markets. elchi reports that the price of 1 barrel of Azerbaijani oil has decreased by 0.06 USD or 0.05%, amounting to 122.26 USD. It should be noted that the previous price of Azerbaijani oil was 122.32 USD. We remind you that […]
NEWS

Today’s currency exchange rates

— ECONOMY
The Central Bank of Azerbaijan has announced today’s currency exchange rates. According to elchi, on May 1, the US dollar exchange rate remained unchanged at 1.7000 manats, and the Turkish lira stood at 0.0376 manats. The euro increased to 1.9934 manats, while 100 Russian rubles decreased to 2.2660 manats.
NEWS

Rules for the implementation of regulatory pilot projects related to electronic services have been approved

— ECONOMY
“Rules for the implementation of regulatory pilot projects for the evaluation of the effectiveness of digital solutions applied by state bodies (institutions) in test mode, as well as for determining the feasibility of electronic services organized by state bodies (institutions) at the initial stage” have been approved. “Elchi” reports that President Ilham Aliyev has signed […]
NEWS

SOCAR department’s non-oil export revenue dropped by more than 66%

— ECONOMY
In January-March 2026, the Marketing and Economic Operations Department of the State Oil Company (SOCAR) exported non-oil products worth 35.3 million US dollars. elchi reports that this was stated in the “Export Review” published by the Center for Analysis of Economic Reforms and Communication. This figure represents a 66.4% decrease compared to the same period […]