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Global Oil Prices
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Indonesia can absorb the economic impact of rising global oil prices driven by tensions in the Middle East for up to 10 months without cutting fuel subsidies, a senior minister has said.13 Apr 2026-21:46
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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.08 Apr 2026-09:30
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Fatih Birol, head of the International Energy Agency (IEA), said he is prepared to release additional oil reserves as energy prices soar worldwide.25 Mar 2026-11:56
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The White House has temporarily lifted some sanctions on Iranian oil purchases in an effort to stabilise global energy prices amid ongoing conflict.21 Mar 2026-09:16
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Global oil prices surged past $100 per barrel again overnight as the ongoing conflict involving the United States and Israel with Iran continues to disrupt energy markets and fuel supply routes.12 Mar 2026-10:32
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Oil prices fell as tensions over Iran eased and global markets adopted a risk-off tone, partly influenced by US President Donald Trump’s push to take control of Greenland.19 Jan 2026-12:56
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Oil prices held their sharpest two-day decline in a month as concerns over global oversupply continued to pressure the market.10 Dec 2025-15:09
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Oil prices fell for a fifth consecutive day, marking their longest losing streak since early August, as indicators point to a potential increase in global supplies, raising concerns of a surplus in the fourth quarter and into 2026.
23 Sep 2025-14:20 -
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Global oil prices edged lower on Friday after Iran reaffirmed its commitment to the nuclear Non-Proliferation Treaty and amid expectations that OPEC+ will announce a further increase in production this weekend.04 Jul 2025-10:27
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The price of Azerbaijani crude oil surpassed $67 per barrel, marking a notable increase in global markets.24 May 2025-11:42
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