Editor’s note: Moses Becker is a special political commentator for News.Az, a PhD in political science, and an expert on interethnic and interreligious relations. The article reflects the author’s personal views and does not necessarily represent the position of News.Az.

ExxonMobil and its partner Qatar Energy have announced a significant new natural gas discovery off the coast of Cyprus, potentially strengthening the region’s role as an emerging energy exporter and offering Europe an alternative to Russian hydrocarbons.

The Energy Information Administration of the US Department of Energy (EIA) has lowered its forecasts for global demand growth for oil and liquid hydrocarbons (LH) due to retrospective adjustments, while the expectations for demand themselves have become higher, says the EIA in its monthly report , News.az reports.

The Energy Information Administration (EIA) under the US Department of Energy has revised its forecast for Azerbaijan's average daily production of oil and other liquid hydrocarbons for 2024 and 2025.

SOCAR Trading supplies hydrocarbons to 16 European countries, Head of Global Business Development at SOCAR Trading Togrul Kocharli said on Thursday.