Rising oil prices are traditionally seen as an unequivocal benefit for hydrocarbon-exporting countries. For Azerbaijan, whose economy largely depends on the energy sector, this factor indeed plays a key role. However, in modern conditions, the impact of oil prices on the country’s economy is far more complex and multifaceted than it may appear at first glance.

Russia may introduce a ban on certain fuel exports if domestic prices rise sharply, an official from the country’s energy ministry said on Thursday.

Soaring oil prices amid rising tensions in the Strait of Hormuz are starting to affect global financial markets, sparking worries about possible impacts on cryptocurrencies and other high-risk assets.

The United States exported a record 5.507 trillion cubic feet (156 billion cubic meters) of liquefied natural gas (LNG) in 2025, according to a monthly report from the Department of Energy.

Editor's note: Faig Mahmudov is a journalist based in Azerbaijan. The views expressed in this article are his own and do not necessarily reflect those of News.Az.

Global liquefied natural gas (LNG) exports increased by 3.1% year-on-year in the first quarter of 2025, reaching approximately 109.3 million tons, according to a report from the Organization of Arab Petroleum Exporting Countries (OAPEC).

By Samir Muradov

In the first nine months of 2024 Russian pipeline gas exports to China surged by 23% compared to the same period last year, according to data from China's General Administration of Customs. The monetary value of Russian gas deliveries during this period reached $6.1 billion, underscoring a significant strengthening of ties between the two countries in the energy sector.

Azerbaijan plans to export green energy to Serbia in the foreseeable future, Azerbaijani Minister of Labor and Social Protection of the Population announced on Thursday, News.Az reports.