Azernews.Az

Wednesday April 30 2025
Azerbaijan prepares for volatile energy future with strategic forecasting

Azerbaijan prepares for volatile energy future with strategic forecasting

Global oil markets are once again gripped by turbulence as economic data from the United States shows signs of weakness and trade tensions between Washington and Beijing escalate. Brent crude, the global benchmark, recently fell nearly 1% to $62.70 per barrel—its lowest in two weeks—amid a broader sell-off in U.S. stocks and slumping manufacturing indicators. Meanwhile, China, the world's largest oil importer, faces intensifying headwinds due to punitive tariffs and cooling export demand, raising fears of a broader economic slowdown.

Baku, Kuwait deepen strategic co-op at third Joint Commission Meeting

Baku, Kuwait deepen strategic co-op at third Joint Commission Meeting

Within the framework of mutual commitments to strengthen bilateral relations between the Republic of Azerbaijan and the State of Kuwait, the 3rd meeting of the Joint Commission for Cooperation between the Republic of Azerbaijan and the State of Kuwait was held on April 30, 2025, in Kuwait.

Price of Azeri Light falls

Price of Azeri Light falls

At Italy’s Augusta port, the price of Azerbaijan’s “Azeri Light” crude oil on a CIF basis decreased by $0.95 or 1.41% compared to the previous figure, settling at $66.26 per barrel.

Azerbaijan shares ICT vision at International Forum in Kyrgyzstan

Azerbaijan shares ICT vision at International Forum in Kyrgyzstan

Jeyhun Huseynzade, Deputy Chairman of the Board of Directors of the Information and Communication Technologies Agency (ICTA), participated in an international forum held in Bishkek, the capital of Kyrgyzstan.

Yerevan’s silent provocation on border risks shattering fragile peace

Yerevan’s silent provocation on border risks shattering fragile peace

The Armenia-Azerbaijan peace negotiations remain an open and unresolved question, yet beneath the surface, serious new security threats are quietly intensifying. Since early March, the fragile ceasefire has been violated repeatedly — and tellingly, the violations have been recorded unilaterally.

Mine victims, soldiers testify against Ruben Vardanyan in Baku Court [PHOTOS]

Mine victims, soldiers testify against Ruben Vardanyan in Baku Court [PHOTOS]

The trial of Armenian citizen Ruben Vardanyan—charged with crimes against peace and humanity, war crimes, terrorism, financing terrorism, and other serious offenses under Azerbaijan's Criminal Code—continued on Tuesday at the Baku Military Court.

China passes its first law on private sector assistance

China passes its first law on private sector assistance

China has passed its first comprehensive legal framework aimed at fostering the growth of the non-state sector, marking a major policy shift in support of private enterprise. The law is designed to provide stronger legal protection and greater policy support for private businesses, which have long played a vital—yet sometimes vulnerable—role in the country's economy, Azernews reports.

Baku hosts concert honoring legendary composer Sofia Gubaidulina [PHOTOS]

Baku hosts concert honoring legendary composer Sofia Gubaidulina [PHOTOS]

The Permanent Mission of the Republic of Tatarstan to Azerbaijan has hosted a concert titled "Daughter of Two Worlds" dedicated to the memory of the outstanding composer Sofia Gubaidulina (1931-2025) and organized by the Tatar Community of Azerbaijan and the Baku Music Academy, Azernews reports.

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